Burney Co. Sells 1,081 Shares of Encore Capital Group, Inc. (NASDAQ:ECPG)

Burney Co. decreased its stake in shares of Encore Capital Group, Inc. (NASDAQ:ECPG) by 5.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,210 shares of the asset manager’s stock after selling 1,081 shares during the quarter. Burney Co. owned approximately 0.09% of Encore Capital Group worth $965,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Victory Capital Management Inc. boosted its holdings in shares of Encore Capital Group by 8.8% in the second quarter. Victory Capital Management Inc. now owns 4,980 shares of the asset manager’s stock valued at $208,000 after purchasing an additional 403 shares during the period. Texas Permanent School Fund Corp grew its position in shares of Encore Capital Group by 4.2% during the 2nd quarter. Texas Permanent School Fund Corp now owns 20,714 shares of the asset manager’s stock worth $864,000 after buying an additional 835 shares in the last quarter. Inspire Investing LLC increased its stake in shares of Encore Capital Group by 9.8% during the second quarter. Inspire Investing LLC now owns 8,536 shares of the asset manager’s stock valued at $356,000 after buying an additional 759 shares during the period. Sei Investments Co. raised its holdings in shares of Encore Capital Group by 14.0% in the second quarter. Sei Investments Co. now owns 73,105 shares of the asset manager’s stock valued at $3,051,000 after acquiring an additional 8,991 shares in the last quarter. Finally, Public Sector Pension Investment Board lifted its stake in Encore Capital Group by 6.8% in the second quarter. Public Sector Pension Investment Board now owns 52,131 shares of the asset manager’s stock worth $2,175,000 after acquiring an additional 3,298 shares during the period.

Insider Activity

In other news, Director Laura Olle sold 1,340 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $49.16, for a total transaction of $65,874.40. Following the sale, the director now directly owns 32,381 shares of the company’s stock, valued at $1,591,849.96. The trade was a 3.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.63% of the company’s stock.

Encore Capital Group Price Performance

Shares of ECPG opened at $48.56 on Friday. The company has a 50 day moving average of $48.28 and a two-hundred day moving average of $47.40. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 3.39. Encore Capital Group, Inc. has a twelve month low of $39.64 and a twelve month high of $54.55. The company has a market cap of $1.15 billion, a price-to-earnings ratio of -6.19 and a beta of 1.55.

Encore Capital Group (NASDAQ:ECPG) last announced its earnings results on Wednesday, November 6th. The asset manager reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.22). Encore Capital Group had a positive return on equity of 12.70% and a negative net margin of 13.91%. The business had revenue of $367.07 million for the quarter, compared to analysts’ expectations of $360.70 million. During the same quarter last year, the firm earned $0.79 earnings per share. The firm’s quarterly revenue was up 18.6% compared to the same quarter last year. As a group, analysts predict that Encore Capital Group, Inc. will post 5.09 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on ECPG shares. Northland Securities boosted their price target on shares of Encore Capital Group from $58.00 to $66.00 and gave the company an “outperform” rating in a report on Monday, December 23rd. Northland Capmk upgraded Encore Capital Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 17th. JMP Securities lifted their price target on Encore Capital Group from $60.00 to $65.00 and gave the company a “market outperform” rating in a report on Thursday, November 7th. Finally, StockNews.com upgraded Encore Capital Group from a “hold” rating to a “buy” rating in a research note on Friday, November 29th. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Encore Capital Group has a consensus rating of “Buy” and an average price target of $65.00.

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.