Dynamic Technology Lab Private Ltd Makes New $695,000 Investment in Encore Capital Group, Inc. (NASDAQ:ECPG)

Dynamic Technology Lab Private Ltd acquired a new position in Encore Capital Group, Inc. (NASDAQ:ECPG - Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 14,687 shares of the asset manager's stock, valued at approximately $695,000. Dynamic Technology Lab Private Ltd owned 0.06% of Encore Capital Group at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ECPG. CANADA LIFE ASSURANCE Co increased its position in shares of Encore Capital Group by 9.7% during the first quarter. CANADA LIFE ASSURANCE Co now owns 25,553 shares of the asset manager's stock worth $1,163,000 after buying an additional 2,265 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Encore Capital Group by 5.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 16,949 shares of the asset manager's stock valued at $774,000 after purchasing an additional 823 shares during the period. Comerica Bank boosted its position in shares of Encore Capital Group by 22.1% during the 1st quarter. Comerica Bank now owns 13,181 shares of the asset manager's stock valued at $601,000 after purchasing an additional 2,389 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Encore Capital Group during the 2nd quarter valued at about $416,000. Finally, Wedge Capital Management L L P NC grew its stake in Encore Capital Group by 10.1% during the second quarter. Wedge Capital Management L L P NC now owns 14,173 shares of the asset manager's stock worth $591,000 after purchasing an additional 1,306 shares during the period.

Encore Capital Group Stock Down 0.4 %

ECPG traded down $0.20 during mid-day trading on Friday, reaching $49.19. 53,659 shares of the stock were exchanged, compared to its average volume of 148,757. Encore Capital Group, Inc. has a 1 year low of $39.64 and a 1 year high of $54.55. The company has a debt-to-equity ratio of 3.39, a quick ratio of 1.11 and a current ratio of 1.11. The stock has a market capitalization of $1.17 billion, a PE ratio of -6.27 and a beta of 1.56. The company has a 50 day moving average price of $47.01 and a two-hundred day moving average price of $46.25.

Encore Capital Group (NASDAQ:ECPG - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The asset manager reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.22). The firm had revenue of $367.07 million for the quarter, compared to analysts' expectations of $360.70 million. Encore Capital Group had a positive return on equity of 12.70% and a negative net margin of 13.91%. The firm's revenue for the quarter was up 18.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.79 earnings per share. As a group, research analysts anticipate that Encore Capital Group, Inc. will post 5.09 EPS for the current year.

Insider Transactions at Encore Capital Group

In related news, Director Laura Olle sold 1,340 shares of the firm's stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $49.16, for a total transaction of $65,874.40. Following the completion of the sale, the director now owns 32,381 shares in the company, valued at approximately $1,591,849.96. This trade represents a 3.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 2.63% of the company's stock.

Analysts Set New Price Targets

ECPG has been the topic of a number of research analyst reports. StockNews.com upgraded Encore Capital Group from a "hold" rating to a "buy" rating in a report on Friday. Northland Capmk raised shares of Encore Capital Group from a "hold" rating to a "strong-buy" rating in a research note on Thursday, October 17th. Northland Securities raised shares of Encore Capital Group from a "market perform" rating to an "outperform" rating and lifted their price target for the company from $55.00 to $58.00 in a research note on Thursday, October 17th. Truist Financial reduced their target price on Encore Capital Group from $70.00 to $64.00 and set a "buy" rating for the company in a research note on Tuesday, August 20th. Finally, JMP Securities increased their price target on Encore Capital Group from $60.00 to $65.00 and gave the stock a "market outperform" rating in a report on Thursday, November 7th. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Encore Capital Group currently has an average rating of "Buy" and a consensus target price of $62.33.

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.