New insider activity at Encore Capital ( (ECPG) ) has taken place on March 7, 2025.
Jonathan C. Clark, the Executive Vice President, Chief Financial Officer, and Treasurer of Encore Capital, has made a significant investment by purchasing 28,600 shares of the company’s stock. This transaction is valued at $1,001,000, reflecting a strong vote of confidence in the company’s future prospects.
Recent Updates on ECPG stock
Encore Capital Group recently held its Q4 earnings call, revealing a mixed performance. The company reported record global portfolio purchases of $1.35 billion, a 26% increase from the previous year, and a 16% rise in collections. However, challenges in its European operations, particularly with Cabot’s restructuring and impairments, led to a net loss for the quarter. These difficulties were reflected in the lowered price targets by Truist and Citizens JMP, who cited reduced revenue projections from receivables portfolios and strategic challenges in Europe as key reasons. Despite these hurdles, Encore’s U.S. market showed strong growth, with a 23% increase in portfolio purchases and improved leverage ratios, suggesting a positive outlook for future growth. The company plans to continue its strategic focus on the U.S. market and anticipates further growth in 2025, including resuming share repurchases.
More about Encore Capital
YTD Price Performance: -26.68%
Average Trading Volume: 230,786
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $816.9M
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