Tudor Investment Corp ET AL Purchases Shares of 14,041 Encore Capital Group Inc $ECPG

Tudor Investment Corp ET AL acquired a new stake in Encore Capital Group Inc (NASDAQ:ECPG) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,041 shares of the asset manager’s stock, valued at approximately $586,000. Tudor Investment Corp ET AL owned 0.06% of Encore Capital Group as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. LSV Asset Management purchased a new stake in Encore Capital Group in the third quarter valued at approximately $88,000. Tower Research Capital LLC TRC lifted its stake in Encore Capital Group by 168.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,716 shares of the asset manager’s stock valued at $105,000 after acquiring an additional 1,706 shares during the period. Virtus Advisers LLC acquired a new stake in Encore Capital Group during the 3rd quarter valued at approximately $143,000. Financiere des Professionnels Fonds d investissement inc. purchased a new stake in shares of Encore Capital Group in the 3rd quarter valued at $174,000. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in shares of Encore Capital Group in the third quarter worth $214,000.

Encore Capital Group Stock Performance

Shares of NASDAQ ECPG opened at $70.12 on Wednesday. The company has a market capitalization of $1.50 billion, a PE ratio of 6.40 and a beta of 1.35. The company has a debt-to-equity ratio of 4.10, a quick ratio of 0.68 and a current ratio of 0.68. The company’s fifty day moving average price is $62.70 and its 200 day moving average price is $53.80. Encore Capital Group Inc has a 1 year low of $26.45 and a 1 year high of $74.58.

Encore Capital Group (NASDAQ:ECPG) last released its quarterly earnings data on Wednesday, February 25th. The asset manager reported $3.37 earnings per share for the quarter, beating analysts’ consensus estimates of $2.20 by $1.17. Encore Capital Group had a net margin of 14.52% and a return on equity of 28.19%. The company had revenue of $473.55 million during the quarter, compared to analysts’ expectations of $423.14 million. During the same quarter in the previous year, the company earned ($9.42) earnings per share. The firm’s revenue for the quarter was up 78.3% on a year-over-year basis. On average, research analysts predict that Encore Capital Group Inc will post 5.09 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently issued reports on ECPG. Wall Street Zen downgraded shares of Encore Capital Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Citigroup reiterated an “outperform” rating on shares of Encore Capital Group in a research note on Tuesday, January 20th. Truist Financial boosted their price objective on Encore Capital Group from $59.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, February 26th. Zacks Research upgraded Encore Capital Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 27th. Finally, Citizens Jmp raised their target price on Encore Capital Group from $75.00 to $90.00 and gave the stock a “market outperform” rating in a report on Thursday, February 26th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $75.50.

Insider Buying and Selling at Encore Capital Group

In related news, insider Ryan B. Bell sold 7,240 shares of the company’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $69.04, for a total value of $499,849.60. Following the completion of the transaction, the insider owned 48,170 shares of the company’s stock, valued at approximately $3,325,656.80. This represents a 13.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.63% of the stock is currently owned by corporate insiders.

Encore Capital Group Profile

Encore Capital Group, Inc is a global specialty finance company that focuses on the purchase and management of nonperforming consumer receivables. Through its subsidiaries, the company acquires charged-off debt portfolios from credit card issuers, banks, and other financial institutions, and seeks to recover outstanding balances through a combination of customer outreach, payment arrangements, and, where appropriate, legal collection efforts. Encore’s business model emphasizes compliance with regulatory and industry standards to ensure ethical and transparent debt-recovery practices.

Headquartered in San Diego, California, Encore operates across North America and Europe.