Wedge Capital Management Decreases Stake in Encore Capital Group

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According to filings with the U.S. Securities and Exchange Commission, Wedge Capital Management L L P NC has recently decreased its stake in Encore Capital ($NASDAQ:ECPG) Group, Inc. Encore Capital Group is a publicly traded company that specializes in consumer debt buying and recovery. The company has operations in both the United States and Europe, and is listed on the Nasdaq exchange. The company’s primary business model revolves around the purchase of delinquent or charged-off consumer debt from banks and other financial institutions. Through its subsidiaries, Encore Capital Group then works to recover these debts by engaging in collection efforts, including debt negotiations and settlements.

The company is also engaged in the practice of debt management services, through which it provides its customers with assistance in budgeting, credit counseling, and other personalized services. In addition to its U.S. operations, Encore Capital Group also has a presence in the United Kingdom, Mexico, Canada, Guatemala, Colombia, Peru, and India. The company continues to seek out new opportunities for growth both domestically and internationally.

Price History

On Wednesday, Wedge Capital Management announced that it had decreased its stake in Encore Capital Group. The stock opened at $51.4 and closed at $51.3, up by 0.3% from the previous closing price of 51.2. This decrease in holding has been attributed to the overall bearish trend in the market in recent days.

Despite the decrease in holding, Encore Capital Group remains committed to its long-term investments and continuing to expand in the market. The company also has plans to strengthen its digital presence in the coming months in order to remain competitive and relevant in the changing market climate. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Encore Capital. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Encore Capital. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Encore Capital. More…

Key Ratios Snapshot

Some of the financial key ratios for Encore Capital are shown below. More…

Analysis

GoodWhale has completed a review of ENCORE CAPITAL‘s fundamentals. Based on our Star Chart analysis, ENCORE CAPITAL is strong in certain areas, medium in profitability, asset, and weak in growth and dividend. Our health score for ENCORE CAPITAL is 1/10, which suggests that it is less likely to sustain its operations in times of crisis due to its poor cashflow and debt ratios. We have classified ENCORE CAPITAL as an ‘elephant’, meaning that it is rich in assets after deducting liabilities. This kind of company would likely be attractive to investors looking for a safe and steady return on their investments, as well as those who wish to diversify their portfolio. More…

Peers

The competition between Encore Capital Group Inc and its competitors is fierce. Home Capital Group Inc, Taishin Financial Holdings Co Ltd, and Meta Financial Group Inc are all fighting for a share of the market. The company has a strong focus on customer service and innovation. Home Capital Group Inc is a leading provider of home equity loans and lines of credit. The company has a strong focus on customer service and providing a wide range of products. Taishin Financial Holdings Co Ltd is a leading provider of personal loans and credit cards. The company has a strong focus on customer service and providing a wide range of products. Meta Financial Group Inc is a leading provider of payday loans and other short-term loans.

– Home Capital Group Inc ($TSX:HCG)

As of 2022, Home Capital Group Inc has a market cap of 939.97M. The company is a mortgage lender that provides financing to home buyers and homeowners in Canada. Home Capital Group Inc is headquartered in Toronto, Canada.

– Taishin Financial Holdings Co Ltd ($TWSE:2887)

Taiwan-based Taishin Financial Holdings Co. Ltd. has a market cap of 156.86 billion as of March 2022. The company operates through the following segments: Banking, Securities, and Insurance. The Banking segment offers personal banking, corporate banking, and small and medium enterprise (SME) banking products and services. The Securities segment provides securities brokerage, underwriting, and investment advisory services. The Insurance segment offers life insurance, property and casualty insurance, and reinsurance products.

– Meta Financial Group Inc ($NASDAQ:CASH)

As of 2022, Meta Financial Group Inc has a market cap of 1.11B. The company operates in the financial services industry and provides banking and financial products and services to consumers and businesses.

Summary

Wedge Capital Management L L P NC recently decreased its stake in Encore Capital Group, Inc., a financial services firm based in San Diego, California. The firm specializes in acquiring and managing portfolios of consumer receivables, and providing debt collection and recovery services. This indicates that Wedge Capital Management is not confident in Encore Capital’s current performance and outlook. Investors should analyze Encore Capital’s financial performance and outlook to determine if the current stock price is a bargain opportunity or a warning sign.

Factors to consider include operating cash flow, the company’s ability to pay debt and cover operating expenses, sales trends year-over-year, and the efficacy of the company’s debt collection operations. Investors should also be aware of any potential changes in the industry or regulations that may affect Encore Capital’s outlook.