GSA Capital Partners LLP Invests $1.12 Million in Encore Capital Group Inc (NASDAQ:ECPG)

GSA Capital Partners LLP acquired a new position in Encore Capital Group Inc (NASDAQ:ECPG - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 32,578 shares of the asset manager's stock, valued at approximately $1,117,000. GSA Capital Partners LLP owned 0.14% of Encore Capital Group at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of ECPG. Nomura Asset Management Co. Ltd. increased its position in Encore Capital Group by 120.8% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 530 shares of the asset manager's stock worth $25,000 after buying an additional 290 shares in the last quarter. Meeder Asset Management Inc. bought a new position in shares of Encore Capital Group during the 4th quarter valued at approximately $28,000. Sterling Capital Management LLC grew 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 valued at $36,000 after acquiring an additional 670 shares during the period. Huntington National Bank increased its holdings in Encore Capital Group by 152.5% in the 4th quarter. Huntington National Bank now owns 1,333 shares of the asset manager's stock worth $64,000 after acquiring an additional 805 shares in the last quarter. Finally, Corton Capital Inc. bought a new stake in Encore Capital Group during the 4th quarter worth approximately $208,000.

Encore Capital Group Price Performance

Shares of Encore Capital Group stock traded down $0.91 during trading hours on Friday, hitting $35.97. The company's stock had a trading volume of 375,445 shares, compared to its average volume of 223,517. The company has a market cap of $839.86 million, a PE ratio of -7.36 and a beta of 1.59. The company has a debt-to-equity ratio of 4.63, a quick ratio of 0.80 and a current ratio of 0.80. The business has a 50 day moving average price of $38.82 and a two-hundred day moving average price of $39.21. Encore Capital Group Inc has a 12-month low of $26.45 and a 12-month high of $51.77.

Encore Capital Group (NASDAQ:ECPG - Get Free Report) last issued its earnings results on Wednesday, May 7th. The asset manager reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.69. Encore Capital Group had a positive return on equity of 16.18% and a negative net margin of 8.38%. The company had revenue of $392.78 million for the quarter, compared to the consensus estimate of $374.49 million. During the same quarter last year, the company earned $0.95 EPS. The firm's quarterly revenue was up 19.6% on a year-over-year basis. Analysts expect that Encore Capital Group Inc will post 5.09 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of Encore Capital Group from a "sell" rating to a "hold" rating in a research report on Tuesday, May 13th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Encore Capital Group currently has an average rating of "Buy" and a consensus price target of $62.67.

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.