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Encore Capital Group, Inc. Buyback

OLI recorded this information on 11/4/2021

Company: Encore Capital Group, Inc.
Buyback: ECPG buyback
$Amount Authorized: $300,000,000
Buyback Details: Encore Capital Group, Inc. (NASDAQ: ECPG) ("Encore"), today announced that it has commenced the previously announced modified "Dutch auction" tender offer to purchase with cash up to $300 million of shares of its common stock, at a price per share of not less than $52.00 and not more than $60.00. The complete terms of the tender offer are set forth in the offer to purchase and the related letter of transmittal, each dated today.

Encore Capital Group is an international specialty finance company providing debt recovery solutions and other related services for consumers across a range of financial assets. Co. primarily purchases portfolios of defaulted consumer receivables at discounts to face value and manage them by working with individuals as they repay their obligations and work toward financial recovery. Defaulted receivables are consumers' unpaid financial obligations to credit originators. Defaulted receivables may also include receivables subject to bankruptcy proceedings. Co. also provides debt servicing and other portfolio management services to credit originators for non-performing loans in Europe.

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Company Name:  Encore Capital Group Inc
Stock buyback:  ECPG buyback
Website:  www.encorecapital.com
Sector:  Credit Services & Lending
Number of ETFs Holding ECPG:  42
Total Market Value Held by ETFs:  $233.48M
Total Market Capitalization:  $1.01B
% of Market Cap. Held by ETFs:  23.03%
 

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April 28, 2024    8:01 PM Eastern
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Buy (3.20 out of 4)
40th percentile
(ranked lower than approx. 60% of all stocks covered)

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