Dynamic Technology Lab Private Ltd purchased a new stake in Encore Capital Group, Inc. (NASDAQ:ECPG – Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 9,299 shares of the asset manager’s stock, valued at approximately $472,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Encore Capital Group during the fourth quarter worth about $7,979,000. Schroder Investment Management Group boosted its stake in shares of Encore Capital Group by 13.0% during the 3rd quarter. Schroder Investment Management Group now owns 396,879 shares of the asset manager’s stock worth $18,955,000 after acquiring an additional 45,598 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Encore Capital Group by 12.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 375,727 shares of the asset manager’s stock worth $17,945,000 after acquiring an additional 40,258 shares in the last quarter. QRG Capital Management Inc. acquired a new position in shares of Encore Capital Group during the 3rd quarter worth approximately $1,242,000. Finally, Third Avenue Management LLC raised its position in shares of Encore Capital Group by 17.7% during the 3rd quarter. Third Avenue Management LLC now owns 170,678 shares of the asset manager’s stock worth $8,046,000 after purchasing an additional 25,723 shares during the last quarter.
Encore Capital Group Stock Up 0.2 %
Shares of Encore Capital Group stock opened at $43.74 on Friday. The company has a fifty day moving average price of $44.11 and a 200 day moving average price of $46.84. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 3.53. Encore Capital Group, Inc. has a twelve month low of $34.74 and a twelve month high of $54.73. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of -5.10 and a beta of 1.38.
Encore Capital Group (NASDAQ:ECPG – Get Free Report) last posted its quarterly earnings data on Wednesday, May 8th. The asset manager reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.01. The company had revenue of $328.39 million during the quarter, compared to analysts’ expectations of $330.83 million. Encore Capital Group had a negative net margin of 16.30% and a positive return on equity of 9.95%. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.94 EPS. Equities research analysts forecast that Encore Capital Group, Inc. will post 5.59 earnings per share for the current fiscal year.
Insider Buying and Selling at Encore Capital Group
In other Encore Capital Group news, insider Ryan B. Bell sold 5,500 shares of the company’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $50.00, for a total value of $275,000.00. Following the completion of the transaction, the insider now directly owns 42,404 shares of the company’s stock, valued at approximately $2,120,200. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 2.63% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
Several research analysts have weighed in on the company. JMP Securities reiterated a “market outperform” rating and issued a $60.00 price target on shares of Encore Capital Group in a report on Monday, May 6th. TheStreet downgraded Encore Capital Group from a “c-” rating to a “d+” rating in a report on Monday, March 18th.
Read Our Latest Stock Report on Encore Capital Group
About Encore Capital Group
(Free Report)
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.
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