Encore Capital Group Inc $ECPG Shares Sold by Rhumbline Advisers

Rhumbline Advisers lowered its stake in shares of Encore Capital Group Inc (NASDAQ:ECPG) by 2.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,606 shares of the asset manager’s stock after selling 2,071 shares during the quarter. Rhumbline Advisers owned approximately 0.30% of Encore Capital Group worth $2,386,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Quantinno Capital Management LP bought a new position in Encore Capital Group during the fourth quarter worth $211,000. State of Wyoming bought a new position in Encore Capital Group during the fourth quarter worth $271,000. GAMMA Investing LLC lifted its stake in Encore Capital Group by 2,834.0% during the first quarter. GAMMA Investing LLC now owns 6,308 shares of the asset manager’s stock worth $216,000 after purchasing an additional 6,093 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in Encore Capital Group during the first quarter worth $228,000. Finally, Mackenzie Financial Corp bought a new position in Encore Capital Group during the fourth quarter worth $322,000.

Encore Capital Group Stock Performance

Shares of ECPG opened at $44.56 on Wednesday. Encore Capital Group Inc has a 1 year low of $26.45 and a 1 year high of $51.77. The company has a market cap of $1.03 billion, a price-to-earnings ratio of -11.91 and a beta of 1.52. The company has a debt-to-equity ratio of 4.43, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a fifty day moving average of $40.50 and a 200-day moving average of $37.55.

Encore Capital Group (NASDAQ:ECPG) last announced its quarterly earnings results on Wednesday, August 6th. The asset manager reported $2.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $1.05. Encore Capital Group had a negative net margin of 6.07% and a positive return on equity of 19.61%. The company had revenue of $442.12 million during the quarter, compared to the consensus estimate of $383.42 million. During the same quarter in the previous year, the company posted $1.34 earnings per share. The company’s revenue for the quarter was up 24.4% compared to the same quarter last year. As a group, equities analysts anticipate that Encore Capital Group Inc will post 5.09 earnings per share for the current year.

Encore Capital Group Profile

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.