3,137 Shares in Encore Capital Group, Inc. (NASDAQ:ECPG) Purchased by Quantbot Technologies LP

Quantbot Technologies LP acquired a new stake in shares of Encore Capital Group, Inc. (NASDAQ:ECPG) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,137 shares of the asset manager’s stock, valued at approximately $150,000.

Several other institutional investors also recently made changes to their positions in the stock. Phase 2 Partners LLC increased its position in shares of Encore Capital Group by 219.9% in the third quarter. Phase 2 Partners LLC now owns 241,509 shares of the asset manager’s stock worth $11,416,000 after acquiring an additional 166,014 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Encore Capital Group by 16.0% during the third quarter. Wellington Management Group LLP now owns 756,335 shares of the asset manager’s stock worth $35,752,000 after purchasing an additional 104,509 shares in the last quarter. Barclays PLC grew its holdings in Encore Capital Group by 22.9% during the 3rd quarter. Barclays PLC now owns 197,903 shares of the asset manager’s stock valued at $9,355,000 after purchasing an additional 36,822 shares in the last quarter. Jane Street Group LLC increased its stake in Encore Capital Group by 191.7% during the 3rd quarter. Jane Street Group LLC now owns 49,719 shares of the asset manager’s stock worth $2,350,000 after buying an additional 32,672 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Encore Capital Group by 6.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 512,042 shares of the asset manager’s stock worth $24,460,000 after buying an additional 30,545 shares in the last quarter.

Insider Activity at Encore Capital Group

In other news, Director Ashwini Gupta purchased 40,000 shares of Encore Capital Group stock in a transaction dated Wednesday, March 5th. The stock was bought at an average price of $35.10 per share, with a total value of $1,404,000.00. Following the completion of the acquisition, the director now owns 96,909 shares in the company, valued at $3,401,505.90. The trade was a 70.29 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ashish Masih acquired 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The stock was purchased at an average cost of $35.14 per share, for a total transaction of $702,800.00. Following the acquisition, the chief executive officer now owns 322,254 shares in the company, valued at approximately $11,324,005.56. This trade represents a 6.62 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 2.63% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on ECPG shares. Northland Securities lifted their target price on Encore Capital Group from $58.00 to $66.00 and gave the stock an “outperform” rating in a research report on Monday, December 23rd. StockNews.com cut Encore Capital Group from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Finally, Truist Financial dropped their price target on shares of Encore Capital Group from $64.00 to $57.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Encore Capital Group presently has a consensus rating of “Buy” and an average target price of $62.67.

Encore Capital Group Trading Down 4.2 %

NASDAQ:ECPG opened at $34.26 on Monday. The company has a market cap of $811.65 million, a PE ratio of -4.36 and a beta of 1.73. The business’s 50 day moving average is $43.24 and its two-hundred day moving average is $45.97. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 3.39. Encore Capital Group, Inc. has a 52 week low of $31.54 and a 52 week high of $51.77.

Encore Capital Group (NASDAQ:ECPG) last released its quarterly earnings data on Wednesday, February 26th. The asset manager reported $1.50 EPS for the quarter, missing analysts’ consensus estimates of $1.55 by ($0.05). The business had revenue of $265.62 million during the quarter, compared to analyst estimates of $373.40 million. Encore Capital Group had a positive return on equity of 12.70% and a negative net margin of 13.91%. On average, analysts predict that Encore Capital Group, Inc. will post 5.09 EPS for the current year.

Encore Capital Group Company 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.