New insider activity at Encore Capital ( (ECPG) ) has taken place on March 6, 2025.
In a significant move, President & CEO Ashish Masih has acquired 20,000 shares of Encore Capital stock, valued at $702,800. Additionally, Ashwini Gupta, Pres, Crdt Risk/Glbl Info Mgt, has made a substantial purchase of 40,000 shares, amounting to $1,404,000. These strategic acquisitions highlight confidence in Encore Capital’s future prospects.
Recent Updates on ECPG stock
Encore Capital Group’s recent developments have been marked by both significant growth and notable challenges. The company reported record portfolio purchases of $1.35 billion in 2024, driven by strong U.S. market performance, and a 16% increase in collections. However, challenges in the European markets, particularly with Cabot’s restructuring and impairments, have led to a net loss for the year. Analysts have adjusted their price targets for Encore Capital, citing lower projected revenue from receivables portfolios and the need for strategic adjustments in Europe. Despite these challenges, the company remains optimistic about its future growth, with plans to exceed 2024’s portfolio purchases and continue cash generation growth in 2025.
More about Encore Capital
YTD Price Performance: -26.64%
Average Trading Volume: 219,183
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $816.9M
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