Klein Pavlis & Peasley Financial Inc. Sells 6,768 Shares of Encore Capital Group, Inc. (NASDAQ:ECPG)

Klein Pavlis & Peasley Financial Inc. trimmed its stake in Encore Capital Group, Inc. (NASDAQ:ECPG) by 43.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,884 shares of the asset manager’s stock after selling 6,768 shares during the period. Klein Pavlis & Peasley Financial Inc.’s holdings in Encore Capital Group were worth $420,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. nVerses Capital LLC grew its position in Encore Capital Group by 90.9% in the third quarter. nVerses Capital LLC now owns 2,100 shares of the asset manager’s stock valued at $99,000 after acquiring an additional 1,000 shares during the period. Creative Planning boosted its stake in Encore Capital Group by 27.7% in the third quarter. Creative Planning now owns 7,155 shares of the asset manager’s stock worth $338,000 after purchasing an additional 1,552 shares in the last quarter. Shaker Investments LLC OH boosted its stake in Encore Capital Group by 4.3% in the third quarter. Shaker Investments LLC OH now owns 35,324 shares of the asset manager’s stock worth $1,670,000 after purchasing an additional 1,471 shares in the last quarter. SG Americas Securities LLC boosted its stake in Encore Capital Group by 71.9% in the third quarter. SG Americas Securities LLC now owns 17,126 shares of the asset manager’s stock worth $810,000 after purchasing an additional 7,162 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in Encore Capital Group by 7.3% in the second quarter. The Manufacturers Life Insurance Company now owns 11,647 shares of the asset manager’s stock worth $486,000 after purchasing an additional 790 shares in the last quarter.

Analyst Ratings Changes

A number of equities analysts have commented on ECPG shares. JMP Securities reissued a “market outperform” rating and issued a $60.00 price objective on shares of Encore Capital Group in a research note on Monday, October 14th. Northland Capmk raised Encore Capital Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 17th. Northland Securities raised Encore Capital Group from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $55.00 to $58.00 in a research note on Thursday, October 17th. Finally, Truist Financial reduced their price objective on Encore Capital Group from $70.00 to $64.00 and set a “buy” rating on the stock in a research note on Tuesday, August 20th. Three investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $60.67.

Encore Capital Group Price Performance

Shares of ECPG opened at $45.14 on Monday. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 3.50. Encore Capital Group, Inc. has a 1 year low of $34.74 and a 1 year high of $54.55. The stock has a market cap of $1.07 billion, a P/E ratio of -5.26 and a beta of 1.55. The stock’s 50-day moving average price is $47.18 and its two-hundred day moving average price is $45.37.

Encore Capital Group (NASDAQ:ECPG) last issued its earnings results on Wednesday, August 7th. The asset manager reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $0.10. The firm had revenue of $355.29 million for the quarter, compared to analysts’ expectations of $346.06 million. Encore Capital Group had a positive return on equity of 11.12% and a negative net margin of 15.43%. The company’s revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the business earned $1.08 earnings per share. On average, equities analysts predict that Encore Capital Group, Inc. will post 5.56 earnings per share for the current year.

Encore Capital Group 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.