Encore Capital Group, Inc. (NASDAQ:ECPG) Shares Purchased by Sigma Planning Corp

Sigma Planning Corp grew its holdings in Encore Capital Group, Inc. (NASDAQ:ECPG - Free Report) by 317.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,080 shares of the asset manager's stock after purchasing an additional 9,943 shares during the quarter. Sigma Planning Corp owned 0.06% of Encore Capital Group worth $625,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Jane Street Group LLC lifted its stake in Encore Capital Group by 191.7% in the third quarter. Jane Street Group LLC now owns 49,719 shares of the asset manager's stock worth $2,350,000 after acquiring an additional 32,672 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Encore Capital Group in the third quarter worth approximately $695,000. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Encore Capital Group by 177.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 22,550 shares of the asset manager's stock worth $1,066,000 after purchasing an additional 14,409 shares in the last quarter. Wellington Management Group LLP raised its holdings in Encore Capital Group by 16.0% during the third quarter. Wellington Management Group LLP now owns 756,335 shares of the asset manager's stock worth $35,752,000 after purchasing an additional 104,509 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new stake in Encore Capital Group during the third quarter worth approximately $409,000.

Encore Capital Group Stock Performance

Shares of Encore Capital Group stock traded down $1.23 during trading on Friday, reaching $37.72. The company's stock had a trading volume of 1,318,482 shares, compared to its average volume of 225,384. The company has a 50-day moving average price of $48.36 and a two-hundred day moving average price of $47.97. The firm has a market cap of $893.62 million, a PE ratio of -4.81 and a beta of 1.55. Encore Capital Group, Inc. has a fifty-two week low of $35.38 and a fifty-two week high of $51.77. 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 earnings results on Wednesday, February 26th. The asset manager reported $1.50 EPS for the quarter, missing analysts' consensus estimates of $1.55 by ($0.05). The business had revenue of $265.62 million during the quarter, compared to analyst estimates of $373.40 million. Encore Capital Group had a negative net margin of 13.91% and a positive return on equity of 12.70%. On average, analysts forecast that Encore Capital Group, Inc. will post 5.09 EPS for the current year.

Wall Street Analysts Forecast Growth

ECPG has been the topic of a number of research analyst reports. StockNews.com cut shares of Encore Capital Group from a "buy" rating to a "hold" rating in a report on Friday. JMP Securities raised their price objective on shares of Encore Capital Group from $60.00 to $65.00 and gave the stock a "market outperform" rating in a report on Thursday, November 7th. Northland Securities raised their price objective on shares of Encore Capital Group from $58.00 to $66.00 and gave the stock an "outperform" rating in a report on Monday, December 23rd. Finally, Truist Financial cut their price objective on shares of Encore Capital Group from $64.00 to $57.00 and set a "buy" rating on the stock in a report on Thursday. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Encore Capital Group currently has an average rating of "Buy" and a consensus price target of $62.67.

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.