Encore Capital Group, Inc. (ECPG) Shares Bought by BNP Paribas Arbitrage SA
BNP Paribas Arbitrage SA increased its holdings in shares of Encore Capital Group, Inc. (NASDAQ:ECPG) by 68.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 15,918 shares of the asset manager’s stock after purchasing an additional 6,461 shares during the period. BNP Paribas Arbitrage SA owned approximately 0.06% of Encore Capital Group worth $705,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of ECPG. Nisa Investment Advisors LLC acquired a new position in Encore Capital Group in the 2nd quarter valued at approximately $201,000. Piedmont Investment Advisors LLC acquired a new position in Encore Capital Group in the 2nd quarter valued at approximately $206,000. Westpac Banking Corp acquired a new position in Encore Capital Group in the 2nd quarter valued at approximately $336,000. Dynamic Technology Lab Private Ltd acquired a new position in Encore Capital Group in the 2nd quarter valued at approximately $417,000. Finally, Arizona State Retirement System raised its holdings in Encore Capital Group by 0.8% in the 2nd quarter. Arizona State Retirement System now owns 12,357 shares of the asset manager’s stock valued at $496,000 after acquiring an additional 100 shares in the last quarter.
Several equities analysts have commented on the company. Zacks Investment Research raised Encore Capital Group from a “sell” rating to a “hold” rating in a report on Monday, November 6th. Janney Montgomery Scott reaffirmed a “hold” rating on shares of Encore Capital Group in a report on Saturday, November 18th. ValuEngine raised Encore Capital Group from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. SunTrust Banks reaffirmed a “buy” rating and issued a $57.00 price target on shares of Encore Capital Group in a report on Friday, November 3rd. Finally, Northland Securities reaffirmed a “hold” rating and issued a $49.00 price target on shares of Encore Capital Group in a report on Friday, November 3rd. Six analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Encore Capital Group presently has a consensus rating of “Hold” and an average target price of $43.50.
Shares of Encore Capital Group, Inc. (NASDAQ:ECPG) opened at $44.90 on Wednesday. Encore Capital Group, Inc. has a 12 month low of $26.30 and a 12 month high of $52.00. The firm has a market capitalization of $1,183.01, a P/E ratio of 12.45 and a beta of 1.80. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 5.60.
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About Encore Capital Group
Encore Capital Group, Inc, through its subsidiaries, is a specialty finance company providing debt recovery solutions for consumers and property owners across a range of financial assets. The Company operates through Portfolio Purchasing and Recovery segment. The Company’s geographical segments include the United States, Europe and other.
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