Encore Capital Group Sees Unusually Large Options Volume (ECPG)

Encore Capital Group, Inc. (NASDAQ:ECPG) was the target of unusually large options trading on Thursday. Stock investors acquired 842 put options on the stock. This represents an increase of 1,303% compared to the typical volume of 60 put options.

Shares of NASDAQ ECPG opened at $24.14 on Friday. The company has a debt-to-equity ratio of 5.74, a current ratio of 0.63 and a quick ratio of 0.63. The firm has a market cap of $834.78 million, a P/E ratio of 6.02, a P/E/G ratio of 0.43 and a beta of 1.80. Encore Capital Group has a 1-year low of $24.00 and a 1-year high of $49.83.

Encore Capital Group (NASDAQ:ECPG) last issued its quarterly earnings data on Wednesday, November 7th. The asset manager reported $1.19 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.19. The firm had revenue of $336.77 million during the quarter, compared to analysts’ expectations of $342.33 million. Encore Capital Group had a return on equity of 20.28% and a net margin of 6.84%. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.14 EPS. As a group, equities analysts forecast that Encore Capital Group will post 4.8 EPS for the current fiscal year.

ECPG has been the subject of several research reports. Oppenheimer set a $54.00 target price on Encore Capital Group and gave the stock a “buy” rating in a report on Thursday, August 9th. ValuEngine upgraded Encore Capital Group from a “sell” rating to a “hold” rating in a research note on Tuesday, September 4th. UBS Group cut Encore Capital Group from an “outperform” rating to a “market perform” rating in a research note on Tuesday, October 2nd. William Blair restated an “outperform” rating on shares of Encore Capital Group in a research note on Thursday, August 9th. Finally, Northland Securities upgraded Encore Capital Group from a “market perform” rating to an “outperform” rating and set a $37.00 price objective for the company in a research note on Thursday, August 9th. Three analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $47.33.

Hedge funds and other institutional investors have recently modified their holdings of the stock. United Services Automobile Association lifted its stake in shares of Encore Capital Group by 17.7% during the 2nd quarter. United Services Automobile Association now owns 124,412 shares of the asset manager’s stock worth $4,553,000 after purchasing an additional 18,673 shares during the last quarter. Swiss National Bank lifted its stake in shares of Encore Capital Group by 8.2% during the 2nd quarter. Swiss National Bank now owns 46,300 shares of the asset manager’s stock worth $1,695,000 after purchasing an additional 3,500 shares during the last quarter. Bank of Montreal Can raised its stake in Encore Capital Group by 42,962.2% in the third quarter. Bank of Montreal Can now owns 400,909 shares of the asset manager’s stock valued at $14,372,000 after buying an additional 399,978 shares during the last quarter. Pembroke Management LTD raised its stake in Encore Capital Group by 85.3% in the third quarter. Pembroke Management LTD now owns 417,393 shares of the asset manager’s stock valued at $14,964,000 after buying an additional 192,200 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in Encore Capital Group by 2.4% in the first quarter. Legal & General Group Plc now owns 48,623 shares of the asset manager’s stock valued at $2,193,000 after buying an additional 1,157 shares during the last quarter.

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Encore Capital Group Company Profile

Encore Capital Group, Inc, a specialty finance company, together with its subsidiaries, provides debt recovery solutions and other related services for consumers across a range of 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.

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