Wellington Management Group LLP Acquires Shares of 68,112 Encore Capital Group, Inc. (NASDAQ:ECPG)

Wellington Management Group LLP bought a new stake in Encore Capital Group, Inc. (NASDAQ:ECPG) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 68,112 shares of the asset manager’s stock, valued at approximately $3,457,000. Wellington Management Group LLP owned approximately 0.29% of Encore Capital Group as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Assetmark Inc. increased its position in shares of Encore Capital Group by 19.4% during 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 during the last quarter. Assenagon Asset Management S.A. bought a new stake in Encore Capital Group in the fourth quarter worth about $206,000. Mutual of America Capital Management LLC bought a new position in shares of Encore Capital Group during the 4th quarter valued at approximately $209,000. M&T Bank Corp purchased a new stake in shares of Encore Capital Group during the 4th quarter worth approximately $223,000. Finally, Victory Capital Management Inc. bought a new stake in shares of Encore Capital Group in the 4th quarter worth approximately $236,000.

Analyst Ratings Changes

ECPG has been the subject of a number of recent research reports. JMP Securities reissued a “market outperform” rating and issued a $60.00 target price on shares of Encore Capital Group in a research report on Monday, May 6th. TheStreet cut Encore Capital Group from a “c-” rating to a “d+” rating in a research note on Monday, March 18th.

Encore Capital Group Stock Up 4.1 %

Encore Capital Group stock opened at $41.73 on Monday. The firm has a market capitalization of $988.46 million, a price-to-earnings ratio of -4.86 and a beta of 1.52. The firm has a 50 day simple moving average of $43.12 and a 200 day simple moving average of $46.54. Encore Capital Group, Inc. has a 1-year low of $34.74 and a 1-year high of $54.73. 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 (NASDAQ:ECPG) last released its quarterly earnings data on Wednesday, May 8th. The asset manager reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.01. The company had revenue of $328.39 million for the quarter, compared to analyst estimates 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 firm’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 company posted $0.94 EPS. On average, analysts predict that Encore Capital Group, Inc. will post 5.59 earnings per share 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.