First Trust Advisors LP grew its position in shares of Encore Capital Group, Inc. (NASDAQ:ECPG) by 34.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 51,885 shares of the asset manager’s stock after buying an additional 13,344 shares during the quarter. First Trust Advisors LP’s holdings in Encore Capital Group were worth $2,184,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently bought and sold shares of the company. Hennessy Advisors Inc. bought a new position in shares of Encore Capital Group during the 4th quarter worth approximately $26,527,000. EJF Capital LLC bought a new position in shares of Encore Capital Group during the 3rd quarter worth approximately $2,437,000. Dimensional Fund Advisors LP lifted its position in shares of Encore Capital Group by 2.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,291,569 shares of the asset manager’s stock worth $57,217,000 after buying an additional 34,858 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Encore Capital Group during the 4th quarter worth approximately $1,341,000. Finally, Convergence Investment Partners LLC bought a new position in shares of Encore Capital Group during the 4th quarter worth approximately $285,000.
In related news, insider Paul Grinberg sold 37,546 shares of Encore Capital Group stock in a transaction that occurred on Tuesday, December 26th. The shares were sold at an average price of $42.43, for a total value of $1,593,076.78. Following the completion of the transaction, the insider now directly owns 250,171 shares in the company, valued at approximately $10,614,755.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 114,138 shares of company stock valued at $4,801,521 over the last quarter. 8.80% of the stock is owned by company insiders.
ECPG has been the topic of several recent analyst reports. BidaskClub cut shares of Encore Capital Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, December 7th. ValuEngine upgraded shares of Encore Capital Group from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Oppenheimer assumed coverage on shares of Encore Capital Group in a research note on Monday, January 8th. They set a “buy” rating and a $53.00 price target for the company. Finally, Zacks Investment Research lowered shares of Encore Capital Group from a “hold” rating to a “sell” rating in a research note on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $50.90.
Shares of Encore Capital Group, Inc. (NASDAQ ECPG) opened at $45.90 on Tuesday. The company has a debt-to-equity ratio of 6.03, a quick ratio of 0.74 and a current ratio of 0.74. Encore Capital Group, Inc. has a one year low of $28.95 and a one year high of $52.00. The stock has a market cap of $1,152.16, a P/E ratio of 11.11, a PEG ratio of 0.73 and a beta of 1.68.
Encore Capital Group (NASDAQ:ECPG) last issued its quarterly earnings results on Wednesday, February 21st. The asset manager reported $1.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.11. Encore Capital Group had a net margin of 7.01% and a return on equity of 18.70%. The company had revenue of $317.48 million during the quarter, compared to analyst estimates of $297.72 million. During the same quarter last year, the business posted $0.72 EPS. Encore Capital Group’s quarterly revenue was up 17.0% compared to the same quarter last year. research analysts expect that Encore Capital Group, Inc. will post 4.68 earnings per share for the current year.
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Encore Capital Group Company Profile
Encore Capital Group, Inc, through its subsidiaries, is a specialty finance company providing debt recovery solutions for consumers and property owners across a range of financial assets. The Company operates through Portfolio Purchasing and Recovery segment. The Company’s geographical segments include the United States, Europe and other.
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