Quantamental Technologies LLC Sells 2,486 Shares of Encore Capital Group, Inc. (NASDAQ:ECPG)

Quantamental Technologies LLC lowered its holdings in Encore Capital Group, Inc. (NASDAQ:ECPG) by 55.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,961 shares of the asset manager’s stock after selling 2,486 shares during the period. Quantamental Technologies LLC’s holdings in Encore Capital Group were worth $66,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Dimensional Fund Advisors LP boosted its stake in shares of Encore Capital Group by 1.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,546,966 shares of the asset manager’s stock valued at $36,354,000 after purchasing an additional 18,488 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Encore Capital Group during the first quarter worth about $283,000. Rhumbline Advisers grew its stake in shares of Encore Capital Group by 2.0% during the first quarter. Rhumbline Advisers now owns 77,762 shares of the asset manager’s stock worth $2,117,000 after acquiring an additional 1,531 shares during the last quarter. Sigma Planning Corp purchased a new stake in shares of Encore Capital Group during the first quarter worth about $222,000. Finally, Comerica Bank grew its stake in shares of Encore Capital Group by 2.8% during the first quarter. Comerica Bank now owns 25,349 shares of the asset manager’s stock worth $730,000 after acquiring an additional 682 shares during the last quarter.

Encore Capital Group stock traded down $0.12 during mid-day trading on Friday, hitting $34.85. The company had a trading volume of 6,093 shares, compared to its average volume of 461,712. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 3.91. Encore Capital Group, Inc. has a 12-month low of $20.38 and a 12-month high of $39.19. The company’s fifty day moving average is $35.90 and its 200-day moving average is $33.32. The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of 7.03, a P/E/G ratio of 0.42 and a beta of 1.48.

Encore Capital Group (NASDAQ:ECPG) last released its quarterly earnings data on Wednesday, August 7th. The asset manager reported $1.28 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.28. Encore Capital Group had a return on equity of 19.85% and a net margin of 11.14%. The business had revenue of $346.87 million for the quarter, compared to analyst estimates of $353.89 million. During the same quarter in the prior year, the firm posted $1.33 EPS. The business’s quarterly revenue was down .8% compared to the same quarter last year. As a group, sell-side analysts expect that Encore Capital Group, Inc. will post 5.64 EPS for the current fiscal year.

A number of brokerages recently commented on ECPG. Keefe, Bruyette & Woods set a $45.00 target price on Encore Capital Group and gave the company a “buy” rating in a research report on Tuesday. BidaskClub upgraded Encore Capital Group from a “sell” rating to a “hold” rating in a research report on Friday. Zacks Investment Research upgraded Encore Capital Group from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a research report on Friday, August 9th. Northland Securities reiterated a “buy” rating and issued a $40.00 target price on shares of Encore Capital Group in a research report on Thursday, August 8th. Finally, ValuEngine lowered Encore Capital Group from a “hold” rating to a “sell” rating in a research report on Tuesday, August 27th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company’s stock. Encore Capital Group has an average rating of “Buy” and an average target price of $40.67.

About Encore Capital Group

Encore Capital Group, Inc, a specialty finance company, together with its subsidiaries, provides debt recovery solutions and other related services for consumers across a range of 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.

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Institutional Ownership by Quarter for Encore Capital Group (NASDAQ:ECPG)

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