Smith Graham & Co. Investment Advisors LP Boosts Stake in Encore Capital Group, Inc. (ECPG)
Smith Graham & Co. Investment Advisors LP lifted its holdings in shares of Encore Capital Group, Inc. (NASDAQ:ECPG) by 2.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 378,568 shares of the asset manager’s stock after acquiring an additional 7,480 shares during the period. Encore Capital Group makes up 1.5% of Smith Graham & Co. Investment Advisors LP’s holdings, making the stock its 5th biggest holding. Smith Graham & Co. Investment Advisors LP’s holdings in Encore Capital Group were worth $15,938,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Janney Capital Management LLC bought a new stake in shares of Encore Capital Group during the third quarter worth about $217,000. Piedmont Investment Advisors LLC purchased a new position in Encore Capital Group during the second quarter worth about $206,000. Sigma Planning Corp purchased a new position in Encore Capital Group during the third quarter worth about $249,000. Convergence Investment Partners LLC purchased a new position in Encore Capital Group during the fourth quarter worth about $285,000. Finally, Mackenzie Financial Corp boosted its holdings in Encore Capital Group by 16.8% during the third quarter. Mackenzie Financial Corp now owns 7,934 shares of the asset manager’s stock worth $351,000 after purchasing an additional 1,140 shares during the last quarter.
Encore Capital Group, Inc. (ECPG) traded up $0.35 during trading on Monday, reaching $41.50. 184,200 shares of the company traded hands, compared to its average volume of 227,115. Encore Capital Group, Inc. has a 1-year low of $28.95 and a 1-year high of $52.00. The stock has a market capitalization of $1,068.44, a PE ratio of 11.69, a PEG ratio of 0.79 and a beta of 1.82. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 5.60.
Several research firms recently weighed in on ECPG. SunTrust Banks restated a “buy” rating and set a $57.00 price target on shares of Encore Capital Group in a report on Friday, November 3rd. Zacks Investment Research upgraded shares of Encore Capital Group from a “sell” rating to a “hold” rating in a report on Monday, November 6th. Janney Montgomery Scott restated a “hold” rating on shares of Encore Capital Group in a report on Saturday, November 18th. Northland Securities restated a “hold” rating and set a $49.00 price target on shares of Encore Capital Group in a report on Friday, November 3rd. Finally, BidaskClub cut shares of Encore Capital Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, December 7th. Two analysts have rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Encore Capital Group has a consensus rating of “Hold” and a consensus target price of $48.10.
In other Encore Capital Group news, insider Paul Grinberg sold 37,546 shares of the business’s stock in a transaction dated Wednesday, December 26th. The shares were sold at an average price of $42.43, for a total value of $1,593,076.78. Following the transaction, the insider now directly owns 250,171 shares in the company, valued at $10,614,755.53. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders sold 95,365 shares of company stock worth $4,015,307. Corporate insiders own 8.80% of the company’s stock.
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Encore Capital Group Profile
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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