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

Semanteon Capital Management LP bought a new stake in Encore Capital Group, Inc. (NASDAQ:ECPG) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 13,467 shares of the asset manager’s stock, valued at approximately $643,000. Semanteon Capital Management LP owned about 0.06% of Encore Capital Group as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. State Street Corp boosted its position in Encore Capital Group by 0.3% in the third quarter. State Street Corp now owns 900,677 shares of the asset manager’s stock valued at $42,575,000 after buying an additional 2,597 shares during the last quarter. Wellington Management Group LLP boosted its position in Encore Capital Group by 16.0% in the third quarter. Wellington Management Group LLP now owns 756,335 shares of the asset manager’s stock valued at $35,752,000 after buying an additional 104,509 shares during the last quarter. Geode Capital Management LLC boosted its position in Encore Capital Group by 2.5% in the third quarter. Geode Capital Management LLC now owns 570,047 shares of the asset manager’s stock valued at $26,952,000 after buying an additional 13,648 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Encore Capital Group by 6.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 512,042 shares of the asset manager’s stock valued at $24,460,000 after acquiring an additional 30,545 shares during the period. Finally, Phase 2 Partners LLC lifted its holdings in Encore Capital Group by 219.9% in the third quarter. Phase 2 Partners LLC now owns 241,509 shares of the asset manager’s stock valued at $11,416,000 after acquiring an additional 166,014 shares during the period.

Insider Transactions at Encore Capital Group

In other news, Director Ashwini Gupta acquired 40,000 shares of Encore Capital Group stock in a transaction that occurred on Wednesday, March 5th. The stock was purchased at an average cost of $35.10 per share, with a total value of $1,404,000.00. Following the purchase, the director now owns 96,909 shares in the company, valued at $3,401,505.90. This trade represents a 70.29 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ashish Masih acquired 20,000 shares of Encore Capital Group stock in a transaction that occurred on Wednesday, March 5th. The stock was purchased at an average cost of $35.14 per share, with a total value of $702,800.00. Following the completion of the purchase, the chief executive officer now owns 322,254 shares in the company, valued at $11,324,005.56. The trade was a 6.62 % 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 Trading Up 0.8 %

Shares of ECPG stock opened at $34.79 on Friday. The company has a debt-to-equity ratio of 3.39, a current ratio of 1.11 and a quick ratio of 1.11. The company has a market cap of $824.21 million, a price-to-earnings ratio of -4.43 and a beta of 1.73. The stock has a 50 day simple moving average of $44.48 and a 200-day simple moving average of $46.39. Encore Capital Group, Inc. has a 1-year low of $31.54 and a 1-year high of $51.77.

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

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Northland Securities boosted their price target on Encore Capital Group from $58.00 to $66.00 and gave the company an “outperform” rating in a report on Monday, December 23rd. Truist Financial decreased their price target on Encore Capital Group from $64.00 to $57.00 and set a “buy” rating for the company in a report on Thursday, February 27th. Finally, StockNews.com downgraded Encore Capital Group from a “buy” rating to a “hold” rating in a report on Friday, February 28th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $62.67.

Encore Capital Group 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.