Semanteon Capital Management LP Purchases New Shares in Encore Capital Group, Inc. (NASDAQ:ECPG)

Semanteon Capital Management LP purchased a new stake in Encore Capital Group, Inc. (NASDAQ:ECPG - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 13,467 shares of the asset manager's stock, valued at approximately $643,000. Semanteon Capital Management LP owned 0.06% of Encore Capital Group at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. KBC Group NV lifted its position in shares of Encore Capital Group by 54.9% in the third quarter. KBC Group NV now owns 1,365 shares of the asset manager's stock worth $65,000 after purchasing an additional 484 shares in the last quarter. R Squared Ltd bought a new stake in Encore Capital Group during the 4th quarter worth about $84,000. Systematic Financial Management LP bought a new stake in Encore Capital Group during the 3rd quarter worth about $156,000. Inceptionr LLC acquired a new position in shares of Encore Capital Group during the 4th quarter worth about $202,000. Finally, AlphaQuest LLC grew its holdings in shares of Encore Capital Group by 694,200.0% in the 4th quarter. AlphaQuest LLC now owns 6,943 shares of the asset manager's stock valued at $332,000 after acquiring an additional 6,942 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on ECPG shares. Northland Securities upped their target price on Encore Capital Group from $58.00 to $66.00 and gave the stock an "outperform" rating in a report on Monday, December 23rd. StockNews.com cut Encore Capital Group from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Finally, Truist Financial decreased their target price on shares of Encore Capital Group from $64.00 to $57.00 and set a "buy" rating for the company in a research note on Thursday, February 27th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Encore Capital Group presently has an average rating of "Buy" and an average target price of $62.67.

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Encore Capital Group Stock Performance

Encore Capital Group stock traded down $0.61 during midday trading on Tuesday, reaching $35.72. 331,458 shares of the company's stock were exchanged, compared to its average volume of 172,940. The company has a debt-to-equity ratio of 3.39, a quick ratio of 1.11 and a current ratio of 1.11. The stock's 50-day simple moving average is $44.06 and its 200 day simple moving average is $46.21. The firm has a market cap of $846.24 million, a price-to-earnings ratio of -4.55 and a beta of 1.73. Encore Capital Group, Inc. has a 52 week low of $31.54 and a 52 week high of $51.77.

Encore Capital Group (NASDAQ:ECPG - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The asset manager reported $1.50 earnings per share for the quarter, missing analysts' consensus estimates of $1.55 by ($0.05). Encore Capital Group had a negative net margin of 13.91% and a positive return on equity of 12.70%. The business had revenue of $265.62 million during the quarter, compared to the consensus estimate of $373.40 million. On average, analysts expect that Encore Capital Group, Inc. will post 5.09 earnings per share for the current fiscal year.

Insider Buying and Selling at Encore Capital Group

In other news, CEO Ashish Masih acquired 20,000 shares of Encore Capital Group stock in a transaction dated Wednesday, March 5th. The stock was bought at an average price of $35.14 per share, for a total transaction of $702,800.00. Following the completion of the acquisition, the chief executive officer now directly owns 322,254 shares in the company, valued at approximately $11,324,005.56. The trade was a 6.62 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Ashwini Gupta bought 40,000 shares of the firm's stock in a transaction dated Wednesday, March 5th. The stock was purchased at an average cost of $35.10 per share, for a total transaction of $1,404,000.00. Following the transaction, the director now directly owns 96,909 shares of the company's stock, valued at $3,401,505.90. The trade was a 70.29 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 2.63% of the company's stock.

Encore Capital Group Company Profile

Encore Capital Group, Inc, a specialty finance company, provides debt recovery solutions and other related services for consumers across financial assets worldwide. The company purchases portfolios of defaulted consumer receivables at deep discounts to face value, as well as manages them by working with individuals as they repay their obligations and works toward financial recovery.