Encore Capital Group, Inc. (NASDAQ:ECPG) Shares Acquired by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC grew its holdings in Encore Capital Group, Inc. (NASDAQ:ECPG) by 5.3% in the second quarter, Holdings Channel.com reports. The institutional investor owned 4,408 shares of the asset manager’s stock after buying an additional 221 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Encore Capital Group were worth $209,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Advisor Group Holdings Inc. raised its position in shares of Encore Capital Group by 19.4% in the second quarter. Advisor Group Holdings Inc. now owns 1,418 shares of the asset manager’s stock valued at $67,000 after buying an additional 230 shares during the last quarter. Harbour Investments Inc. acquired a new stake in shares of Encore Capital Group in the first quarter valued at about $104,000. Eaton Vance Management acquired a new stake in shares of Encore Capital Group in the first quarter valued at about $146,000. Sei Investments Co. acquired a new stake in shares of Encore Capital Group in the second quarter valued at about $225,000. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Encore Capital Group in the first quarter valued at about $240,000.

Shares of ECPG opened at $47.21 on Friday. Encore Capital Group, Inc. has a 1-year low of $29.21 and a 1-year high of $50.05. The stock has a market cap of $1.43 billion, a PE ratio of 5.29 and a beta of 1.58. The firm has a 50-day simple moving average of $47.35 and a two-hundred day simple moving average of $44.35. The company has a debt-to-equity ratio of 2.21, a current ratio of 1.04 and a quick ratio of 1.04.

Encore Capital Group (NASDAQ:ECPG) last announced its quarterly earnings results on Wednesday, August 4th. The asset manager reported $3.07 earnings per share for the quarter, beating analysts’ consensus estimates of $2.09 by $0.98. Encore Capital Group had a net margin of 17.36% and a return on equity of 25.16%. The business had revenue of $427.74 million during the quarter, compared to analysts’ expectations of $373.92 million. During the same period last year, the business earned $4.34 earnings per share. The business’s revenue for the quarter was up .4% on a year-over-year basis. As a group, sell-side analysts expect that Encore Capital Group, Inc. will post 10.45 earnings per share for the current fiscal year.

In other Encore Capital Group news, Director Laura Olle sold 958 shares of Encore Capital Group stock in a transaction dated Monday, June 21st. The shares were sold at an average price of $47.64, for a total transaction of $45,639.12. Following the completion of the sale, the director now directly owns 27,268 shares in the company, valued at $1,299,047.52. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.01% of the stock is owned by company insiders.

ECPG has been the subject of several recent analyst reports. Northland Securities raised their price objective on shares of Encore Capital Group from $55.00 to $65.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 15th. TheStreet upgraded shares of Encore Capital Group from a “c+” rating to a “b-” rating in a research report on Wednesday, June 23rd. Finally, Zacks Investment Research upgraded shares of Encore Capital Group from a “sell” rating to a “hold” rating in a research report on Tuesday, July 27th.

Encore Capital Group Profile

Encore Capital Group, Inc engages in the provision of debt management and recovery solutions for consumers and property owners across a broad range of financial assets. It operates through the following geographical segments: United States, International, Europe, and Other. The company was founded in April 1999 and is headquartered in San Diego, CA.

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

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