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Stephens Investment Management Group LLC Grows Position in Encore Capital Group Inc (NASDAQ:ECPG)

Encore Capital Group logo with Finance background

Stephens Investment Management Group LLC lifted its position in shares of Encore Capital Group Inc (NASDAQ:ECPG - Free Report) by 0.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,144,464 shares of the asset manager's stock after buying an additional 7,010 shares during the period. Stephens Investment Management Group LLC owned about 4.83% of Encore Capital Group worth $39,232,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of ECPG. T. Rowe Price Investment Management Inc. increased its stake in Encore Capital Group by 30.1% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,416,499 shares of the asset manager's stock worth $67,667,000 after purchasing an additional 327,637 shares during the period. Portolan Capital Management LLC purchased a new position in Encore Capital Group in the 4th quarter worth approximately $10,291,000. Marshall Wace LLP increased its stake in Encore Capital Group by 73.1% in the 4th quarter. Marshall Wace LLP now owns 318,096 shares of the asset manager's stock worth $15,195,000 after purchasing an additional 134,309 shares during the period. Norges Bank purchased a new position in Encore Capital Group in the 4th quarter worth approximately $3,361,000. Finally, Barclays PLC increased its stake in Encore Capital Group by 29.4% in the 4th quarter. Barclays PLC now owns 256,002 shares of the asset manager's stock worth $12,228,000 after purchasing an additional 58,099 shares during the period.

Encore Capital Group Trading Up 1.3%

Shares of ECPG traded up $0.49 during mid-day trading on Wednesday, hitting $38.23. 279,613 shares of the company's stock traded hands, compared to its average volume of 219,187. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 4.63. Encore Capital Group Inc has a 1 year low of $26.45 and a 1 year high of $51.77. The firm has a market capitalization of $892.67 million, a P/E ratio of -7.82 and a beta of 1.59. The business's 50-day moving average price is $39.24 and its 200-day moving average price is $39.99.

Encore Capital Group (NASDAQ:ECPG - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The asset manager reported $1.93 earnings per share 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 analyst estimates of $374.49 million. During the same period in the previous year, the company posted $0.95 earnings per share. The firm's revenue was up 19.6% on a year-over-year basis. As a group, sell-side analysts forecast that Encore Capital Group Inc will post 5.09 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised 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 hold rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $62.67.

Check Out Our Latest Stock Analysis on ECPG

About Encore Capital Group

(Free Report)

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.

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

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