Encore Capital Group, Inc. (ECPG) Shares Bought by Peregrine Capital Management LLC

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Peregrine Capital Management LLC grew its position in shares of Encore Capital Group, Inc. (NASDAQ:ECPG) by 6.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 302,988 shares of the asset manager’s stock after buying an additional 17,099 shares during the quarter. Peregrine Capital Management LLC owned approximately 0.98% of Encore Capital Group worth $8,250,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the business. Norges Bank bought a new stake in Encore Capital Group during the fourth quarter worth about $7,217,000. Dimensional Fund Advisors LP grew its stake in Encore Capital Group by 1.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,546,966 shares of the asset manager’s stock worth $36,354,000 after buying an additional 18,488 shares during the last quarter. Nordea Investment Management AB grew its stake in Encore Capital Group by 8.6% during the fourth quarter. Nordea Investment Management AB now owns 134,243 shares of the asset manager’s stock worth $3,155,000 after buying an additional 10,594 shares during the last quarter. Thrivent Financial for Lutherans grew its stake in Encore Capital Group by 2.2% during the fourth quarter. Thrivent Financial for Lutherans now owns 18,363 shares of the asset manager’s stock worth $432,000 after buying an additional 403 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan bought a new stake in Encore Capital Group during the fourth quarter worth about $347,000.

In other news, major shareholder Jcf Iii Europe Holdings L.P. sold 1,500,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $30.17, for a total transaction of $45,255,000.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.76% of the stock is currently owned by corporate insiders.

Several analysts have weighed in on the stock. JMP Securities upped their price objective on shares of Encore Capital Group from $37.00 to $42.00 and gave the stock a “market outperform” rating in a research note on Thursday, February 28th. Zacks Investment Research raised shares of Encore Capital Group from a “sell” rating to a “hold” rating in a research note on Monday, January 14th. BidaskClub raised shares of Encore Capital Group from a “hold” rating to a “buy” rating in a research note on Tuesday, January 15th. ValuEngine raised shares of Encore Capital Group from a “strong sell” rating to a “sell” rating in a research note on Wednesday, February 13th. Finally, Buckingham Research assumed coverage on shares of Encore Capital Group in a research note on Thursday, January 3rd. They set a “buy” rating and a $38.00 price objective on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $38.00.

Shares of ECPG stock opened at $29.36 on Monday. Encore Capital Group, Inc. has a 1 year low of $20.38 and a 1 year high of $47.80. The company has a market cap of $898.12 million, a PE ratio of 5.90, a P/E/G ratio of 0.42 and a beta of 2.00. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 4.26.

Encore Capital Group (NASDAQ:ECPG) last announced its earnings results on Wednesday, February 27th. The asset manager reported $1.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.22 by $0.23. Encore Capital Group had a net margin of 8.51% and a return on equity of 20.21%. The company had revenue of $348.72 million for the quarter, compared to analyst estimates of $341.81 million. During the same period in the prior year, the business earned $1.05 earnings per share. Encore Capital Group’s quarterly revenue was up 9.8% on a year-over-year basis. Research analysts predict that Encore Capital Group, Inc. will post 5.27 EPS for the current year.

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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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