Quadrature Capital Ltd Acquires Shares of 8,904 Encore Capital Group, Inc. (NASDAQ:ECPG)

Quadrature Capital Ltd 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 filing with the SEC. The firm acquired 8,904 shares of the asset manager’s stock, valued at approximately $452,000.

Several other institutional investors and hedge funds have also recently modified their holdings of ECPG. Assetmark Inc. increased its stake in shares of Encore Capital Group by 19.4% in the 4th quarter. Assetmark Inc. now owns 1,422 shares of the asset manager’s stock valued at $72,000 after purchasing an additional 231 shares in the last quarter. Assenagon Asset Management S.A. purchased a new position in shares of Encore Capital Group in the 4th quarter valued at about $206,000. Mutual of America Capital Management LLC purchased a new position in shares of Encore Capital Group in the 4th quarter valued at about $209,000. M&T Bank Corp purchased a new position in shares of Encore Capital Group in the 4th quarter valued at about $223,000. Finally, Victory Capital Management Inc. purchased a new position in shares of Encore Capital Group in the 4th quarter valued at about $236,000.

Analysts Set New Price Targets

Several research firms recently issued reports on ECPG. JMP Securities reiterated a “market outperform” rating and issued a $60.00 price objective on shares of Encore Capital Group in a report on Monday, May 6th. TheStreet cut Encore Capital Group from a “c-” rating to a “d+” rating in a report on Monday, March 18th.

Encore Capital Group Trading Up 1.5 %

ECPG stock opened at $42.50 on Monday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 3.53. Encore Capital Group, Inc. has a 12-month low of $34.74 and a 12-month high of $54.73. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of -4.95 and a beta of 1.52. The business’s 50-day moving average is $43.21 and its 200 day moving average is $46.72.

Encore Capital Group (NASDAQ:ECPG) last issued its earnings results on Wednesday, May 8th. The asset manager reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.01. The business had revenue of $328.39 million for the quarter, compared to analysts’ expectations of $330.83 million. Encore Capital Group had a positive return on equity of 9.95% and a negative net margin of 16.30%. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.94 EPS. On average, sell-side analysts anticipate that Encore Capital Group, Inc. will post 5.59 EPS for the current fiscal 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.