Encore Capital Group, Inc. (NASDAQ:ECPG) Stake Boosted by Sei Investments Co.

Sei Investments Co. elevated its stake in Encore Capital Group, Inc. (NASDAQ:ECPG – Free Report) by 14.0% throughout the 2nd quarter, HoldingsChannel experiences. The agency owned 73,105 shares of the asset supervisor’s inventory after buying an extra 8,991 shares throughout the interval. Sei Investments Co.’s holdings in Encore Capital Group have been value $3,051,000 as of its most up-to-date submitting with the Securities and Trade Fee.

Different hedge funds and different institutional buyers have additionally added to or decreased their stakes within the firm. Encourage Investing LLC grew its place in shares of Encore Capital Group by 9.8% throughout the second quarter. Encourage Investing LLC now owns 8,536 shares of the asset supervisor’s inventory value $356,000 after buying an extra 759 shares over the last quarter. Meeder Asset Administration Inc. acquired a brand new place in Encore Capital Group throughout the 2nd quarter valued at about $33,000. Texas Everlasting Faculty Fund Corp grew its place in Encore Capital Group by 4.2% within the 2nd quarter. Texas Everlasting Faculty Fund Corp now owns 20,714 shares of the asset supervisor’s inventory value $864,000 after buying an extra 835 shares over the last quarter. Victory Capital Administration Inc. grew its place in Encore Capital Group by 8.8% within the 2nd quarter. Victory Capital Administration Inc. now owns 4,980 shares of the asset supervisor’s inventory value $208,000 after buying an extra 403 shares over the last quarter. Lastly, nVerses Capital LLC elevated its stake in shares of Encore Capital Group by 450.0% within the second quarter. nVerses Capital LLC now owns 1,100 shares of the asset supervisor’s inventory valued at $46,000 after buying an extra 900 shares throughout the interval.

Encore Capital Group Inventory Efficiency

ECPG inventory opened at $44.79 on Friday. The corporate has a 50-day easy shifting common of $48.20 and a 200 day easy shifting common of $45.32. The corporate has a market capitalization of $1.06 billion, a P/E ratio of -5.21 and a beta of 1.55. The corporate has a fast ratio of 1.27, a present ratio of 1.27 and a debt-to-equity ratio of three.50. Encore Capital Group, Inc. has a fifty-two week low of $34.74 and a fifty-two week excessive of $54.55.

Encore Capital Group (NASDAQ:ECPG – Get Free Report) final issued its quarterly earnings outcomes on Wednesday, August seventh. The asset supervisor reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.10. Encore Capital Group had a adverse internet margin of 15.43% and a constructive return on fairness of 11.12%. The corporate had income of $355.29 million throughout the quarter, in comparison with analyst estimates of $346.06 million. Throughout the identical interval within the prior yr, the enterprise posted $1.08 EPS. The enterprise’s income for the quarter was up 10.0% in comparison with the identical quarter final yr. Promote-side analysts predict that Encore Capital Group, Inc. will submit 5.56 earnings per share for the present fiscal yr.

Insiders Place Their Bets

In different information, SVP Andrew Eric Asch bought 1,251 shares of the enterprise’s inventory in a transaction on Wednesday, July seventeenth. The inventory was bought at a median worth of $50.00, for a complete worth of $62,550.00. Following the sale, the senior vice chairman now owns 18,075 shares of the corporate’s inventory, valued at roughly $903,750. The transaction was disclosed in a doc filed with the Securities & Trade Fee, which will be accessed via this hyperlink. 2.63% of the inventory is at the moment owned by insiders.

Analyst Scores Modifications

Individually, Truist Monetary decreased their worth goal on Encore Capital Group from $70.00 to $64.00 and set a “purchase” score for the corporate in a analysis report on Tuesday, August twentieth.

View Our Newest Inventory Report on Encore Capital Group

Encore Capital Group Profile

(Free Report)

Encore Capital Group, Inc, a specialty finance firm, gives debt restoration options and different associated providers for shoppers throughout monetary belongings worldwide. The corporate purchases portfolios of defaulted shopper receivables at deep reductions to face worth, in addition to manages them by working with people as they repay their obligations and works towards monetary restoration.

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