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. It is also involved in the provision of early stage collection, business process outsourcing, and contingent collection services, as well as debt servicing and other portfolio management services to credit originator for non-performing loans. The company was incorporated in 1999 and is headquartered in San Diego, California.
Wall Street Analyst Weigh In
Separately, StockNews.com cut shares of Encore Capital Group from a "buy" rating to a "hold" rating in a report on Friday, August 5th.
Encore Capital Group Stock Down 1.1 %
Shares of Encore Capital Group stock opened at $54.55 on Friday. The business has a 50-day moving average price of $61.40 and a 200 day moving average price of $62.38. Encore Capital Group has a fifty-two week low of $46.10 and a fifty-two week high of $72.73. The firm has a market cap of $1.30 billion, a P/E ratio of 3.93 and a beta of 1.33. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 2.27.
Insider Activity
In related news, Director Laura Olle sold 889 shares of the firm's stock in a transaction on Tuesday, June 21st. The stock was sold at an average price of $57.42, for a total transaction of $51,046.38. Following the transaction, the director now directly owns 27,962 shares in the company, valued at $1,605,578.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.62% of the company's stock.