Encore Capital Group Inc $ECPG Shares Bought by Public Sector Pension Investment Board

Public Sector Pension Investment Board grew its position in Encore Capital Group Inc (NASDAQ:ECPG) by 12.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 89,744 shares of the asset manager’s stock after purchasing an additional 10,103 shares during the quarter. Public Sector Pension Investment Board owned about 0.39% of Encore Capital Group worth $3,746,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Nisa Investment Advisors LLC acquired a new stake in shares of Encore Capital Group in the 2nd quarter worth $27,000. LSV Asset Management purchased a new stake in Encore Capital Group in the third quarter valued at about $88,000. Tower Research Capital LLC TRC raised its stake in Encore Capital Group by 168.9% in the second quarter. Tower Research Capital LLC TRC now owns 2,716 shares of the asset manager’s stock valued at $105,000 after buying an additional 1,706 shares during the last quarter. AlphaQuest LLC boosted its holdings in Encore Capital Group by 83.4% in the second quarter. AlphaQuest LLC now owns 3,632 shares of the asset manager’s stock worth $141,000 after acquiring an additional 1,652 shares in the last quarter. Finally, Financiere des Professionnels Fonds d investissement inc. purchased a new stake in shares of Encore Capital Group during the third quarter worth about $174,000.

Encore Capital Group Stock Performance

Shares of NASDAQ ECPG opened at $58.41 on Friday. The company has a 50 day simple moving average of $55.93 and a two-hundred day simple moving average of $48.69. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of -31.92 and a beta of 1.41. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 4.13. Encore Capital Group Inc has a 12 month low of $26.45 and a 12 month high of $59.59.

Insider Buying and Selling at Encore Capital Group

In related news, insider Ryan B. Bell sold 2,500 shares of Encore Capital Group stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $55.00, for a total transaction of $137,500.00. Following the completion of the transaction, the insider directly owned 55,410 shares in the company, valued at approximately $3,047,550. This trade represents a 4.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John Yung sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $52.00, for a total value of $52,000.00. Following the completion of the transaction, the insider directly owned 56,609 shares of the company’s stock, valued at $2,943,668. The trade was a 1.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 4,923 shares of company stock worth $264,620. Insiders own 2.54% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on ECPG shares. Northland Securities set a $70.00 price objective on shares of Encore Capital Group in a research report on Thursday, January 22nd. Wall Street Zen cut shares of Encore Capital Group from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 16th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Encore Capital Group in a research note on Wednesday, January 21st. Janney Montgomery Scott boosted their price objective on shares of Encore Capital Group from $56.00 to $62.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Finally, Citizens Jmp raised their target price on Encore Capital Group from $59.00 to $75.00 and gave the stock a “market outperform” rating in a research note on Tuesday, January 20th. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Encore Capital Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.00.

About Encore Capital Group

Encore Capital Group, Inc is a global specialty finance company that focuses on the purchase and management of nonperforming consumer receivables. Through its subsidiaries, the company acquires charged-off debt portfolios from credit card issuers, banks, and other financial institutions, and seeks to recover outstanding balances through a combination of customer outreach, payment arrangements, and, where appropriate, legal collection efforts. Encore’s business model emphasizes compliance with regulatory and industry standards to ensure ethical and transparent debt-recovery practices.

Headquartered in San Diego, California, Encore operates across North America and Europe.