ProShare Advisors LLC Sells 1,647 Shares of Encore Capital Group, Inc. (NASDAQ:ECPG)

ProShare Advisors LLC lowered its position in Encore Capital Group, Inc. (NASDAQ:ECPGGet Rating) by 23.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,497 shares of the asset manager’s stock after selling 1,647 shares during the period. ProShare Advisors LLC’s holdings in Encore Capital Group were worth $345,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. BloombergSen Inc. raised its position in Encore Capital Group by 22.6% in the 4th quarter. BloombergSen Inc. now owns 1,053,878 shares of the asset manager’s stock worth $65,456,000 after purchasing an additional 194,267 shares during the last quarter. William Blair Investment Management LLC raised its position in Encore Capital Group by 12.7% in the 4th quarter. William Blair Investment Management LLC now owns 845,257 shares of the asset manager’s stock worth $52,499,000 after purchasing an additional 95,158 shares during the last quarter. First Trust Advisors LP bought a new position in Encore Capital Group in the 4th quarter worth approximately $5,697,000. Cubist Systematic Strategies LLC bought a new stake in shares of Encore Capital Group during the 4th quarter valued at $4,059,000. Finally, Renaissance Technologies LLC raised its position in shares of Encore Capital Group by 105.5% during the 4th quarter. Renaissance Technologies LLC now owns 76,251 shares of the asset manager’s stock valued at $4,736,000 after acquiring an additional 39,146 shares during the last quarter.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Encore Capital Group from a “buy” rating to a “hold” rating in a research report on Friday, August 5th.

Encore Capital Group Price Performance

Shares of ECPG stock opened at $53.47 on Monday. Encore Capital Group, Inc. has a 12-month low of $46.89 and a 12-month high of $72.73. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of 3.85 and a beta of 1.33. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 2.27. The firm has a fifty day moving average of $60.64 and a 200-day moving average of $61.25.

Insider Activity

In other news, Director Laura Olle sold 889 shares of the business’s stock in a transaction on Tuesday, June 21st. The shares were sold at an average price of $57.42, for a total value of $51,046.38. Following the completion of the transaction, the director now owns 27,962 shares of the company’s stock, valued at approximately $1,605,578.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.62% of the stock is owned by company insiders.

Encore Capital Group 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)

Receive News & Ratings for Encore Capital Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Encore Capital Group and related companies with MarketBeat.com's FREE daily email newsletter.