Vanguard Group Inc. Buys 2,286 Shares of Encore Capital Group, Inc. (NASDAQ:ECPG)

Vanguard Group Inc. boosted its stake in Encore Capital Group, Inc. (NASDAQ:ECPGFree Report) by 0.1% in the 3rd quarter, Holdings Channel reports. The firm owned 2,558,158 shares of the asset manager’s stock after acquiring an additional 2,286 shares during the quarter. Vanguard Group Inc. owned 0.11% of Encore Capital Group worth $122,178,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in ECPG. Advisor Group Holdings Inc. boosted its stake in Encore Capital Group by 162.8% in the 1st quarter. Advisor Group Holdings Inc. now owns 4,216 shares of the asset manager’s stock worth $264,000 after purchasing an additional 2,612 shares during the period. MetLife Investment Management LLC boosted its position in shares of Encore Capital Group by 33.0% during the 1st quarter. MetLife Investment Management LLC now owns 13,117 shares of the asset manager’s stock valued at $823,000 after acquiring an additional 3,253 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Encore Capital Group by 14.1% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,380 shares of the asset manager’s stock valued at $1,341,000 after acquiring an additional 2,638 shares during the last quarter. Quantedge Capital Pte Ltd boosted its position in shares of Encore Capital Group by 108.2% during the 1st quarter. Quantedge Capital Pte Ltd now owns 12,700 shares of the asset manager’s stock valued at $797,000 after acquiring an additional 6,600 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of Encore Capital Group by 44.8% during the 1st quarter. Renaissance Technologies LLC now owns 110,383 shares of the asset manager’s stock valued at $6,924,000 after acquiring an additional 34,132 shares during the last quarter.

Encore Capital Group Stock Performance

Shares of ECPG opened at $43.40 on Thursday. The company has a market cap of $1.02 billion, a PE ratio of -4.94 and a beta of 1.36. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 3.54. The stock has a 50-day moving average price of $48.66 and a 200-day moving average price of $47.24. Encore Capital Group, Inc. has a 12-month low of $34.74 and a 12-month high of $54.73.

Encore Capital Group (NASDAQ:ECPGGet Free Report) last announced its quarterly earnings data on Wednesday, February 21st. The asset manager reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $0.03. The company had revenue of $277.39 million for the quarter, compared to analysts’ expectations of $330.77 million. Encore Capital Group had a positive return on equity of 9.46% and a negative net margin of 16.89%. As a group, equities analysts forecast that Encore Capital Group, Inc. will post 5.93 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, TheStreet downgraded Encore Capital Group from a “c-” rating to a “d+” rating in a research report on Monday, March 18th.

Read Our Latest Analysis on ECPG

Insider Activity at Encore Capital Group

In related news, insider Ryan B. Bell sold 5,500 shares of the firm’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $50.00, for a total transaction of $275,000.00. Following the transaction, the insider now directly owns 42,404 shares of the company’s stock, valued at approximately $2,120,200. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 2.90% of the stock is currently owned by insiders.

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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Institutional Ownership by Quarter for Encore Capital Group (NASDAQ:ECPG)

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