Rhumbline Advisers lifted its position in Encore Capital Group, Inc. (NASDAQ:ECPG) by 14.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,977 shares of the asset manager’s stock after buying an additional 7,509 shares during the quarter. Rhumbline Advisers owned approximately 0.23% of Encore Capital Group worth $2,441,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Hennessy Advisors Inc. bought a new position in shares of Encore Capital Group in the fourth quarter worth approximately $26,527,000. EJF Capital LLC bought a new position in shares of Encore Capital Group in the third quarter worth approximately $2,437,000. Dimensional Fund Advisors LP increased its position in shares of Encore Capital Group by 2.8% in the third quarter. Dimensional Fund Advisors LP now owns 1,291,569 shares of the asset manager’s stock worth $57,217,000 after purchasing an additional 34,858 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Encore Capital Group in the fourth quarter worth approximately $1,341,000. Finally, Convergence Investment Partners LLC bought a new position in shares of Encore Capital Group in the fourth quarter worth approximately $285,000.
In other Encore Capital Group news, insider Paul Grinberg sold 37,546 shares of the stock in a transaction that occurred on Tuesday, December 26th. The shares were sold at an average price of $42.43, for a total transaction of $1,593,076.78. Following the transaction, the insider now directly owns 250,171 shares in the company, valued at $10,614,755.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 114,138 shares of company stock worth $4,801,521 over the last quarter. Company insiders own 8.80% of the company’s stock.
Encore Capital Group, Inc. (NASDAQ ECPG) opened at $45.90 on Tuesday. Encore Capital Group, Inc. has a 52-week low of $28.95 and a 52-week high of $52.00. The company has a debt-to-equity ratio of 6.03, a quick ratio of 0.74 and a current ratio of 0.74. The company has a market cap of $1,152.16, a P/E ratio of 14.57, a price-to-earnings-growth 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 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $317.48 million for the quarter, compared to analysts’ expectations of $297.72 million. During the same period last year, the business earned $0.72 earnings per share. The business’s quarterly revenue was up 17.0% on a year-over-year basis. equities research analysts predict that Encore Capital Group, Inc. will post 4.68 EPS for the current fiscal year.
Several research analysts recently weighed in on ECPG shares. Oppenheimer started coverage on shares of Encore Capital Group in a research report on Monday, January 8th. They issued a “buy” rating and a $53.00 price objective on the stock. BidaskClub cut shares of Encore Capital Group from a “buy” rating to a “hold” rating in a research report on Wednesday, December 20th. ValuEngine upgraded shares of Encore Capital Group from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Finally, Zacks Investment Research upgraded shares of Encore Capital Group from a “sell” rating to a “hold” rating in a research report on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $50.90.
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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