SG Americas Securities LLC Has $533,000 Stake in Encore Capital Group Inc $ECPG

SG Americas Securities LLC decreased its position in Encore Capital Group Inc (NASDAQ:ECPG) by 6.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,769 shares of the asset manager’s stock after selling 984 shares during the quarter. SG Americas Securities LLC owned about 0.06% of Encore Capital Group worth $533,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC bought a new stake in Encore Capital Group in the second quarter worth approximately $27,000. GAMMA Investing LLC lifted its stake in shares of Encore Capital Group by 345.1% in the 2nd quarter. GAMMA Investing LLC now owns 819 shares of the asset manager’s stock valued at $32,000 after purchasing an additional 635 shares during the last quarter. AlphaQuest LLC lifted its stake in shares of Encore Capital Group by 83.4% in the 2nd quarter. AlphaQuest LLC now owns 3,632 shares of the asset manager’s stock valued at $141,000 after purchasing an additional 1,652 shares during the last quarter. ProShare Advisors LLC bought a new stake in Encore Capital Group in the second quarter worth $200,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in Encore Capital Group during the first quarter worth $228,000.

Insider Buying and Selling

In related news, insider John Yung sold 1,000 shares of the company’s stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $52.00, for a total transaction of $52,000.00. Following the completion of the transaction, the insider directly owned 56,609 shares in the company, valued at $2,943,668. This represents a 1.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.54% of the stock is currently owned by insiders.

Encore Capital Group Price Performance

Shares of NASDAQ:ECPG opened at $51.13 on Thursday. The company has a market cap of $1.14 billion, a price-to-earnings ratio of -13.67 and a beta of 1.43. The business has a 50 day moving average price of $44.74 and a 200 day moving average price of $41.62. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 4.43. Encore Capital Group Inc has a twelve month low of $26.45 and a twelve month high of $52.00.

Encore Capital Group (NASDAQ:ECPG) last issued its quarterly earnings results on Wednesday, November 5th. The asset manager reported $3.17 EPS for the quarter, topping the consensus estimate of $1.92 by $1.25. Encore Capital Group had a positive return on equity of 19.61% and a negative net margin of 6.07%.The company had revenue of $460.35 million for the quarter, compared to the consensus estimate of $410.70 million. During the same period in the previous year, the business posted $1.26 EPS. The company’s revenue for the quarter was up 25.4% on a year-over-year basis. Research analysts predict that Encore Capital Group Inc will post 5.09 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on ECPG shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Encore Capital Group in a research report on Wednesday, October 8th. Janney Montgomery Scott raised their price objective on Encore Capital Group from $56.00 to $62.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. Wall Street Zen lowered Encore Capital Group from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 16th. Finally, Zacks Research upgraded Encore Capital Group from a “hold” rating to a “strong-buy” rating in a report on Friday, October 10th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Encore Capital Group currently has a consensus rating of “Moderate Buy” and an average price target of $61.67.

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.