Versor Investments LP Purchases 3,100 Shares of Encore Capital Group, Inc. (NASDAQ:ECPG)

Versor Investments LP raised its position in shares of Encore Capital Group, Inc. (NASDAQ:ECPG) by 66.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,800 shares of the asset manager’s stock after acquiring an additional 3,100 shares during the period. Versor Investments LP’s holdings in Encore Capital Group were worth $373,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Sigma Planning Corp lifted its position in shares of Encore Capital Group by 317.0% during the 4th quarter. Sigma Planning Corp now owns 13,080 shares of the asset manager’s stock worth $625,000 after purchasing an additional 9,943 shares during the last quarter. Principal Financial Group Inc. increased its position in Encore Capital Group by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 114,862 shares of the asset manager’s stock worth $5,487,000 after buying an additional 3,197 shares during the period. Shaker Investments LLC OH lifted its holdings in shares of Encore Capital Group by 27.7% during the fourth quarter. Shaker Investments LLC OH now owns 45,092 shares of the asset manager’s stock worth $2,154,000 after buying an additional 9,768 shares during the last quarter. Empowered Funds LLC boosted its position in shares of Encore Capital Group by 5.1% in the fourth quarter. Empowered Funds LLC now owns 89,104 shares of the asset manager’s stock valued at $4,256,000 after acquiring an additional 4,292 shares during the period. Finally, R Squared Ltd acquired a new stake in shares of Encore Capital Group in the fourth quarter worth $84,000.

Encore Capital Group Stock Down 3.2 %

ECPG opened at $37.72 on Monday. The company has a market capitalization of $893.62 million, a P/E ratio of -4.81 and a beta of 1.55. The company has a debt-to-equity ratio of 3.39, a current ratio of 1.11 and a quick ratio of 1.11. The firm’s fifty day moving average price is $48.36 and its two-hundred day moving average price is $47.97. Encore Capital Group, Inc. has a fifty-two week low of $35.38 and a fifty-two week high of $51.77.

Encore Capital Group (NASDAQ:ECPG) last issued its earnings results on Wednesday, February 26th. The asset manager reported $1.50 earnings per share for the quarter, missing the consensus estimate of $1.55 by ($0.05). The business had revenue of $265.62 million for 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 anticipate that Encore Capital Group, Inc. will post 5.09 EPS for the current year.

Wall Street Analysts Forecast Growth

ECPG has been the subject of several research analyst reports. Truist Financial cut their target price on shares of Encore Capital Group from $64.00 to $57.00 and set a “buy” rating for the company in a research note on Thursday. Northland Securities boosted 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. JMP Securities increased their target price on shares of Encore Capital Group from $60.00 to $65.00 and gave the company a “market outperform” rating in a research note on Thursday, November 7th. Finally, StockNews.com lowered Encore Capital Group from a “buy” rating to a “hold” rating in a research note on Friday. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average 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.