Dana Investment Advisors Inc. Sells 8,352 Shares of Encore Capital Group, Inc. (NASDAQ:ECPG)

Dana Investment Advisors Inc. trimmed its position in Encore Capital Group, Inc. (NASDAQ:ECPG - Free Report) by 5.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 145,021 shares of the asset manager's stock after selling 8,352 shares during the quarter. Dana Investment Advisors Inc. owned approximately 0.61% of Encore Capital Group worth $6,928,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Creative Planning grew its holdings in shares of Encore Capital Group by 27.7% during the third quarter. Creative Planning now owns 7,155 shares of the asset manager's stock worth $338,000 after purchasing an additional 1,552 shares in the last quarter. Versor Investments LP bought a new stake in Encore Capital Group during the third quarter valued at approximately $222,000. KBC Group NV grew its stake in Encore Capital Group by 54.9% in the 3rd quarter. KBC Group NV now owns 1,365 shares of the asset manager's stock worth $65,000 after buying an additional 484 shares in the last quarter. Huntington National Bank grew its stake in Encore Capital Group by 8,700.0% in the 3rd quarter. Huntington National Bank now owns 528 shares of the asset manager's stock worth $25,000 after buying an additional 522 shares in the last quarter. Finally, Empowered Funds LLC increased its holdings in shares of Encore Capital Group by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 84,812 shares of the asset manager's stock worth $4,009,000 after buying an additional 4,288 shares during the last quarter.

Analyst Upgrades and Downgrades

ECPG has been the topic of a number of research reports. StockNews.com cut Encore Capital Group from a "buy" rating to a "hold" rating in a report on Friday, February 28th. Northland Securities lifted their price target on shares of Encore Capital Group from $58.00 to $66.00 and gave the stock an "outperform" rating in a research note on Monday, December 23rd. Finally, Truist Financial lowered their price objective on shares of Encore Capital Group from $64.00 to $57.00 and set a "buy" rating for the company in a report on Thursday, February 27th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $62.67.

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Encore Capital Group Trading Down 5.0 %

Shares of NASDAQ:ECPG traded down $1.77 during trading on Monday, reaching $33.97. 649,067 shares of the company traded hands, compared to its average volume of 286,430. The business's fifty day moving average is $47.12 and its 200-day moving average is $47.48. Encore Capital Group, Inc. has a 52-week low of $32.99 and a 52-week high of $51.77. The firm has a market capitalization of $804.78 million, a price-to-earnings ratio of -4.33 and a beta of 1.73. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 3.39.

Encore Capital Group (NASDAQ:ECPG - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The asset manager reported $1.50 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.55 by ($0.05). The business had revenue of $265.62 million for the quarter, compared to analysts' expectations of $373.40 million. Encore Capital Group had a negative net margin of 13.91% and a positive return on equity of 12.70%. As a group, analysts forecast that Encore Capital Group, Inc. will post 5.09 EPS for the current year.

Insider Activity

In related news, CEO Ashish Masih acquired 20,000 shares of Encore Capital Group stock in a transaction on Wednesday, March 5th. The shares were acquired at an average cost of $35.14 per share, with a total value of $702,800.00. Following the transaction, the chief executive officer now owns 322,254 shares in the company, valued at $11,324,005.56. This trade represents a 6.62 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ashwini Gupta bought 40,000 shares of the company's stock in a transaction dated Wednesday, March 5th. The stock was bought at an average cost of $35.10 per share, with a total value of $1,404,000.00. Following the completion of the transaction, the director now owns 96,909 shares in the company, valued at approximately $3,401,505.90. This trade represents a 70.29 % increase in their position. The disclosure for this purchase can be found here. Insiders own 2.63% of the company's stock.

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.