410 Shares in Encore Capital Group, Inc. (NASDAQ:ECPG) Purchased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC purchased a new position in Encore Capital Group, Inc. (NASDAQ:ECPGGet Rating) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 410 shares of the asset manager’s stock, valued at approximately $26,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Janney Montgomery Scott LLC grew its stake in Encore Capital Group by 4.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 9,237 shares of the asset manager’s stock valued at $574,000 after acquiring an additional 357 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in Encore Capital Group during the 4th quarter valued at about $1,200,000. Yousif Capital Management LLC purchased a new position in Encore Capital Group during the 4th quarter valued at about $1,427,000. Qube Research & Technologies Ltd purchased a new position in Encore Capital Group during the 4th quarter valued at about $1,490,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Encore Capital Group by 28.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,166 shares of the asset manager’s stock valued at $197,000 after acquiring an additional 698 shares in the last quarter.

Insider Buying and Selling

In related news, Director Laura Olle sold 889 shares of the business’s stock in a transaction that occurred on Tuesday, June 21st. The stock was sold at an average price of $57.42, for a total value of $51,046.38. Following the completion of the sale, the director now directly owns 27,962 shares in the company, valued at approximately $1,605,578.04. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.01% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised Encore Capital Group from a “hold” rating to a “buy” rating in a research note on Friday, May 6th.

Encore Capital Group Trading Up 2.9 %

Shares of NASDAQ ECPG opened at $72.43 on Monday. The stock has a market cap of $1.76 billion, a price-to-earnings ratio of 4.94 and a beta of 1.25. The business has a 50 day simple moving average of $61.29 and a 200 day simple moving average of $62.70. Encore Capital Group, Inc. has a 52 week low of $46.10 and a 52 week high of $72.73. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.70 and a current ratio of 0.70.

Encore Capital Group (NASDAQ:ECPGGet Rating) last announced its quarterly earnings results on Wednesday, May 4th. The asset manager reported $6.40 EPS for the quarter, beating the consensus estimate of $2.00 by $4.40. Encore Capital Group had a return on equity of 33.89% and a net margin of 25.45%. The business had revenue of $499.60 million during the quarter, compared to analysts’ expectations of $347.08 million. During the same quarter in the previous year, the business posted $2.97 EPS. The firm’s quarterly revenue was up 19.9% compared to the same quarter last year. On average, research analysts predict that Encore Capital Group, Inc. will post 12.88 earnings per share for the current fiscal year.

Encore Capital Group Company Profile

(Get Rating)

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.

Further Reading

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

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