Dynamic Technology Lab Private Ltd Makes New $695,000 Investment in Encore Capital Group, Inc. (NASDAQ:ECPG)

Dynamic Technology Lab Private Ltd bought a new stake in shares of Encore Capital Group, Inc. (NASDAQ:ECPG) during the third quarter, Holdings Channel.com reports. The fund bought 14,687 shares of the asset manager’s stock, valued at approximately $695,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Victory Capital Management Inc. boosted its position in Encore Capital Group by 8.8% during the 2nd quarter. Victory Capital Management Inc. now owns 4,980 shares of the asset manager’s stock valued at $208,000 after acquiring an additional 403 shares in the last quarter. KBC Group NV lifted its stake in shares of Encore Capital Group by 54.9% in the 3rd quarter. KBC Group NV now owns 1,365 shares of the asset manager’s stock valued at $65,000 after purchasing an additional 484 shares during the period. Huntington National Bank boosted its position in shares of Encore Capital Group by 8,700.0% during the third quarter. Huntington National Bank now owns 528 shares of the asset manager’s stock valued at $25,000 after purchasing an additional 522 shares in the last quarter. Inspire Investing LLC grew its stake in Encore Capital Group by 9.8% in the second quarter. Inspire Investing LLC now owns 8,536 shares of the asset manager’s stock worth $356,000 after purchasing an additional 759 shares during the period. Finally, Meeder Asset Management Inc. bought a new position in Encore Capital Group in the second quarter worth $33,000.

Analyst Ratings Changes

A number of brokerages have recently commented on ECPG. Northland Capmk upgraded shares of Encore Capital Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 17th. StockNews.com lowered shares of Encore Capital Group from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Northland Securities upgraded shares of Encore Capital Group from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $55.00 to $58.00 in a report on Thursday, October 17th. JMP Securities lifted 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 report on Thursday, November 7th. Finally, Truist Financial dropped their price target on Encore Capital Group from $70.00 to $64.00 and set a “buy” rating on the stock in a research report on Tuesday, August 20th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Encore Capital Group presently has an average rating of “Buy” and an average target price of $62.33.

Encore Capital Group Trading Up 0.7 %

NASDAQ:ECPG opened at $49.38 on Friday. Encore Capital Group, Inc. has a 52 week low of $39.64 and a 52 week high of $54.55. The stock has a market cap of $1.17 billion, a price-to-earnings ratio of -6.29 and a beta of 1.56. The company’s 50 day moving average price is $47.01 and its 200-day moving average price is $46.23. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 3.39.

Encore Capital Group (NASDAQ:ECPG) last posted its earnings results on Wednesday, November 6th. The asset manager reported $1.26 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.22). Encore Capital Group had a positive return on equity of 12.70% and a negative net margin of 13.91%. The business had revenue of $367.07 million during the quarter, compared to the consensus estimate of $360.70 million. During the same period in the previous year, the business posted $0.79 EPS. The firm’s revenue for the quarter was up 18.6% on a year-over-year basis. On average, equities research analysts forecast that Encore Capital Group, Inc. will post 5.09 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Laura Olle sold 1,340 shares of the firm’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $49.16, for a total value of $65,874.40. Following the transaction, the director now directly owns 32,381 shares in the company, valued at $1,591,849.96. This trade represents a 3.97 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 2.63% of the stock is owned by insiders.

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.