EntryPoint Capital LLC Has $475,000 Stock Holdings in Encore Capital Group Inc $ECPG

Key Points

• EntryPoint Capital LLC significantly increased its stake in Encore Capital Group by 147.1%, now holding 13,849 shares valued at $475,000.
• Several institutional investors, including MIRAE ASSET GLOBAL etfs Holdings Ltd. and Sheets Smith Wealth Management, have also raised their stakes in Encore Capital Group, indicating growing investor interest.
• Wall Street Zen upgraded Encore Capital Group from a "sell" to a "hold" rating, with the stock receiving an average rating of "Buy" and a target price of $62.67.

EntryPoint Capital LLC grew its stake in shares of Encore Capital Group Inc (NASDAQ:ECPG - Free Report) by 147.1% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,849 shares of the asset manager's stock after purchasing an additional 8,244 shares during the quarter. EntryPoint Capital LLC owned about 0.06% of Encore Capital Group worth $475,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Sterling Capital Management LLC boosted its stake in shares of Encore Capital Group by 827.2% during the 4th quarter. Sterling Capital Management LLC now owns 751 shares of the asset manager's stock worth $36,000 after acquiring an additional 670 shares during the period. Corton Capital Inc. bought a new position in shares of Encore Capital Group during the 4th quarter worth approximately $208,000. Quantinno Capital Management LP bought a new position in shares of Encore Capital Group during the 4th quarter worth approximately $211,000. GAMMA Investing LLC boosted its stake in shares of Encore Capital Group by 2,834.0% during the 1st quarter. GAMMA Investing LLC now owns 6,308 shares of the asset manager's stock worth $216,000 after acquiring an additional 6,093 shares during the period. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Encore Capital Group during the 1st quarter worth approximately $228,000.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded Encore Capital Group from a "sell" rating to a "hold" rating in a research note on Tuesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company's stock. Based on data from MarketBeat.com, Encore Capital Group has an average rating of "Buy" and an average target price of $62.67.

Encore Capital Group Stock Performance

ECPG traded down $0.21 during trading on Tuesday, hitting $41.98. The stock had a trading volume of 54,676 shares, compared to its average volume of 288,778. The company has a 50 day moving average price of $39.39 and a 200-day moving average price of $38.09. The firm has a market cap of $965.84 million, a price-to-earnings ratio of -11.22 and a beta of 1.59. Encore Capital Group Inc has a one year low of $26.45 and a one year high of $51.77. The company has a debt-to-equity ratio of 4.43, a current ratio of 0.81 and a quick ratio of 0.81.

Encore Capital Group (NASDAQ:ECPG - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The asset manager reported $2.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $1.05. The business had revenue of $442.12 million during the quarter, compared to the consensus estimate of $383.42 million. Encore Capital Group had a positive return on equity of 19.61% and a negative net margin of 6.07%.The firm's quarterly revenue was up 24.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.34 EPS. As a group, research analysts predict that Encore Capital Group Inc will post 5.09 EPS for the current year.

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.