Cambridge Investment Research Advisors Inc. Makes New Investment in Encore Capital Group, Inc. (NASDAQ:ECPG)

Cambridge Investment Research Advisors Inc. bought a new stake in Encore Capital Group, Inc. (NASDAQ:ECPG – Get Rating) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 4,488 shares of the asset manager’s stock, valued at approximately $204,000.

Other institutional investors have also modified their holdings of the company. State of Alaska Department of Revenue boosted its position in Encore Capital Group by 6.4% during the second quarter. State of Alaska Department of Revenue now owns 18,347 shares of the asset manager’s stock worth $1,059,000 after purchasing an additional 1,100 shares in the last quarter. Credit Suisse AG lifted its holdings in shares of Encore Capital Group by 20.8% in the second quarter. Credit Suisse AG now owns 345,048 shares of the asset manager’s stock valued at $19,934,000 after purchasing an additional 59,361 shares in the last quarter. AlphaCrest Capital Management LLC grew its position in shares of Encore Capital Group by 115.6% in the second quarter. AlphaCrest Capital Management LLC now owns 22,105 shares of the asset manager’s stock valued at $1,277,000 after purchasing an additional 11,852 shares during the last quarter. Cambria Investment Management L.P. increased its stake in shares of Encore Capital Group by 2,286.4% during the 2nd quarter. Cambria Investment Management L.P. now owns 94,500 shares of the asset manager’s stock worth $5,459,000 after purchasing an additional 90,540 shares in the last quarter. Finally, Martingale Asset Management L P acquired a new position in shares of Encore Capital Group during the 2nd quarter worth approximately $909,000.

Encore Capital Group Stock Performance

Encore Capital Group stock opened at $52.53 on Monday. The stock has a fifty day moving average price of $49.11 and a 200 day moving average price of $52.77. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 2.26. Encore Capital Group, Inc. has a 52 week low of $44.06 and a 52 week high of $72.73. The firm has a market capitalization of $1.23 billion, a P/E ratio of 4.22 and a beta of 1.39.

Encore Capital Group (NASDAQ:ECPG – Get Rating) last issued its quarterly earnings results on Wednesday, November 2nd. The asset manager reported $1.22 EPS for the quarter, missing the consensus estimate of $1.77 by ($0.55). The company had revenue of $307.75 million for the quarter, compared to analyst estimates of $330.64 million. Encore Capital Group had a return on equity of 28.32% and a net margin of 22.59%. Equities research analysts anticipate that Encore Capital Group, Inc. will post 11.51 earnings per share for the current year.

Analyst Upgrades and Downgrades

ECPG has been the subject of several recent research reports. StockNews.com assumed coverage on Encore Capital Group in a research report on Wednesday, October 12th. They set a “hold” rating for the company. JMP Securities cut their target price on shares of Encore Capital Group from $74.00 to $68.00 in a research note on Thursday, November 3rd.

About Encore Capital Group

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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.