Texas Permanent School Fund increased its position in shares of Encore Capital Group, Inc. (NASDAQ:ECPG) by 4.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 16,757 shares of the asset manager’s stock after buying an additional 652 shares during the quarter. Texas Permanent School Fund owned about 0.05% of Encore Capital Group worth $394,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in ECPG. Quantbot Technologies LP raised its holdings in shares of Encore Capital Group by 522.2% in the third quarter. Quantbot Technologies LP now owns 4,231 shares of the asset manager’s stock worth $151,000 after acquiring an additional 3,551 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of Encore Capital Group in the third quarter worth $219,000. Oregon Public Employees Retirement Fund acquired a new position in shares of Encore Capital Group in the fourth quarter worth $229,000. Trexquant Investment LP acquired a new position in shares of Encore Capital Group in the third quarter worth $380,000. Finally, Crossmark Global Holdings Inc. acquired a new position in shares of Encore Capital Group in the fourth quarter worth $257,000.
In other Encore Capital Group 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 stock was sold at an average price of $30.17, for a total transaction of $45,255,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.76% of the company’s stock.
Shares of NASDAQ ECPG opened at $28.89 on Tuesday. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 4.26. Encore Capital Group, Inc. has a 1-year low of $20.38 and a 1-year high of $47.80. The stock has a market capitalization of $898.12 million, a PE ratio of 5.80, a P/E/G ratio of 0.42 and a beta of 2.00.
Encore Capital Group (NASDAQ:ECPG) last released its quarterly earnings results on Wednesday, February 27th. The asset manager reported $1.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.22 by $0.23. Encore Capital Group had a return on equity of 20.21% and a net margin of 8.51%. The business had revenue of $348.72 million for the quarter, compared to analysts’ expectations of $341.81 million. During the same quarter in the previous year, the firm posted $1.05 earnings per share. The company’s revenue was up 9.8% compared to the same quarter last year. On average, research analysts anticipate that Encore Capital Group, Inc. will post 5.27 EPS for the current fiscal year.
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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.
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