GW&K Investment Management LLC lessened its stake in shares of Encore Capital Group, Inc. (NASDAQ:ECPG) by 1.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 131,329 shares of the asset manager’s stock after selling 2,047 shares during the period. GW&K Investment Management LLC owned 0.43% of Encore Capital Group worth $4,708,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. United Services Automobile Association increased its stake in Encore Capital Group by 17.7% during the second quarter. United Services Automobile Association now owns 124,412 shares of the asset manager’s stock worth $4,553,000 after purchasing an additional 18,673 shares during the period. Bank of Montreal Can increased its stake in Encore Capital Group by 42,962.2% during the third quarter. Bank of Montreal Can now owns 400,909 shares of the asset manager’s stock worth $14,372,000 after purchasing an additional 399,978 shares during the period. Pembroke Management LTD increased its stake in Encore Capital Group by 85.3% during the third quarter. Pembroke Management LTD now owns 417,393 shares of the asset manager’s stock worth $14,964,000 after purchasing an additional 192,200 shares during the period. Swiss National Bank increased its stake in Encore Capital Group by 8.2% during the second quarter. Swiss National Bank now owns 46,300 shares of the asset manager’s stock worth $1,695,000 after purchasing an additional 3,500 shares during the period. Finally, Icon Advisers Inc. Co. acquired a new position in shares of Encore Capital Group during the third quarter worth about $470,000.

ECPG traded down $1.07 on Friday, reaching $24.88. The company’s stock had a trading volume of 531,873 shares, compared to its average volume of 345,785. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.58. The company has a market capitalization of $800.61 million, a price-to-earnings ratio of 6.20, a price-to-earnings-growth ratio of 0.42 and a beta of 1.84. Encore Capital Group, Inc. has a fifty-two week low of $23.59 and a fifty-two week high of $47.80.

Encore Capital Group (NASDAQ:ECPG) last announced its quarterly earnings results on Wednesday, November 7th. The asset manager reported $1.19 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.19. The firm had revenue of $336.77 million during the quarter, compared to the consensus estimate of $342.33 million. Encore Capital Group had a return on equity of 19.38% and a net margin of 6.13%. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.14 earnings per share. On average, equities analysts anticipate that Encore Capital Group, Inc. will post 4.74 EPS for the current fiscal year.

In other news, CFO Jonathan C. Clark acquired 20,000 shares of Encore Capital Group stock in a transaction on Friday, November 9th. The stock was bought at an average price of $24.04 per share, for a total transaction of $480,800.00. Following the completion of the purchase, the chief financial officer now owns 89,774 shares in the company, valued at $2,158,166.96. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ashish Masih acquired 12,500 shares of Encore Capital Group stock in a transaction on Friday, November 9th. The stock was purchased at an average price of $24.26 per share, with a total value of $303,250.00. Following the purchase, the insider now owns 114,187 shares of the company’s stock, valued at approximately $2,770,176.62. The disclosure for this purchase can be found here. Corporate insiders own 1.76% of the company’s stock.

A number of equities analysts have recently commented on the company. ValuEngine raised Encore Capital Group from a “sell” rating to a “hold” rating in a research report on Tuesday, September 4th. BidaskClub downgraded Encore Capital Group from a “sell” rating to a “strong sell” rating in a research report on Thursday, September 13th. UBS Group downgraded Encore Capital Group from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 2nd. Oppenheimer downgraded Encore Capital Group from an “outperform” rating to a “hold” rating and set a $54.00 price objective for the company. in a research report on Tuesday, October 2nd. Finally, Zacks Investment Research downgraded Encore Capital Group from a “hold” rating to a “sell” rating in a research report on Wednesday, October 10th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. Encore Capital Group currently has a consensus rating of “Hold” and a consensus target price of $47.33.

COPYRIGHT VIOLATION NOTICE: This piece of content was posted by Marea Informative and is the sole property of of Marea Informative. If you are viewing this piece of content on another website, it was copied illegally and reposted in violation of U.S. and international trademark & copyright law. The correct version of this piece of content can be accessed at https://www.mareainformativa.com/news/2018/12/08/gwk-investment-management-llc-trims-stake-in-encore-capital-group-inc-ecpg-updated-updated-updated.html.

Encore Capital Group Company Profile

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.

Recommended Story: Closed-End Mutual Funds (CEFs)

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

Receive News & Ratings for Encore Capital Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Encore Capital Group and related companies with MarketBeat.com's FREE daily email newsletter.