Tower Research Capital LLC TRC Acquires 2,610 Shares of Encore Capital Group, Inc. (NASDAQ:ECPG)

Tower Research Capital LLC TRC lifted its holdings in shares of Encore Capital Group, Inc. (NASDAQ:ECPG – Get Rating) by 224.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 3,774 shares of the asset manager’s stock after purchasing an additional 2,610 shares during the period. Tower Research Capital LLC TRC’s holdings in Encore Capital Group were worth $172,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in ECPG. Huntington National Bank grew its holdings in shares of Encore Capital Group by 200.0% during the 3rd quarter. Huntington National Bank now owns 552 shares of the asset manager’s stock valued at $25,000 after purchasing an additional 368 shares during the last quarter. CWM LLC grew its holdings in shares of Encore Capital Group by 715.9% during the 3rd quarter. CWM LLC now owns 563 shares of the asset manager’s stock valued at $26,000 after purchasing an additional 494 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Encore Capital Group during the 2nd quarter valued at $184,000. Allspring Global Investments Holdings LLC grew its holdings in shares of Encore Capital Group by 81.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,223 shares of the asset manager’s stock valued at $192,000 after purchasing an additional 1,894 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. purchased a new stake in Encore Capital Group during the 3rd quarter valued at $204,000.

Encore Capital Group Trading Down 2.5 %

NASDAQ:ECPG opened at $50.75 on Wednesday. The company has a 50-day moving average price of $53.77 and a 200-day moving average price of $50.94. Encore Capital Group, Inc. has a 12 month low of $44.06 and a 12 month high of $72.73. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 2.46. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of 7.46 and a beta of 1.47.

Encore Capital Group (NASDAQ:ECPG – Get Rating) last posted its earnings results on Wednesday, February 22nd. The asset manager reported ($3.11) EPS for the quarter, missing the consensus estimate of $1.43 by ($4.54). Encore Capital Group had a return on equity of 16.05% and a net margin of 13.91%. The company had revenue of $233.90 million during the quarter, compared to analysts’ expectations of $319.07 million. During the same period in the prior year, the business posted $2.53 earnings per share. The company’s revenue for the quarter was down 34.5% on a year-over-year basis. Equities analysts predict that Encore Capital Group, Inc. will post 6.09 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on ECPG shares. JMP Securities reissued a “market outperform” rating and set a $68.00 price target on shares of Encore Capital Group in a research report on Monday, February 27th. Northland Securities cut shares of Encore Capital Group from an “outperform” rating to a “market perform” rating and set a $58.00 price target for the company. in a research report on Tuesday, February 14th. Finally, TheStreet cut shares of Encore Capital Group from a “b” rating to a “c” rating in a research report on Wednesday, February 22nd.

Encore Capital Group Company Profile

(Get Rating)

Encore Capital Group, Inc engages in the provision of debt management and recovery solutions for consumers and property owners across a broad range of financial assets. It operates through the following geographical segments: United States, International, Europe, and Other. The company was founded in April 1999 and is headquartered in San Diego, CA.