Peak Financial Advisors LLC Sells 25,465 Shares of Encore Capital Group, Inc. (NASDAQ:ECPG)

Peak Financial Advisors LLC reduced its stake in Encore Capital Group, Inc. (NASDAQ:ECPGGet Rating) by 54.0% during the first quarter, Holdings reports. The firm owned 21,654 shares of the asset manager’s stock after selling 25,465 shares during the quarter. Encore Capital Group accounts for approximately 1.2% of Peak Financial Advisors LLC’s holdings, making the stock its 29th largest position. Peak Financial Advisors LLC’s holdings in Encore Capital Group were worth $1,358,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Point72 Hong Kong Ltd bought a new position in Encore Capital Group in the 4th quarter worth $65,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Encore Capital Group by 28.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,166 shares of the asset manager’s stock worth $197,000 after purchasing an additional 698 shares during the period. Cambria Investment Management L.P. bought a new position in Encore Capital Group in the 4th quarter worth $212,000. USA Financial Portformulas Corp bought a new position in Encore Capital Group in the 4th quarter worth $213,000. Finally, Compass Financial Advisors LLC bought a new position in Encore Capital Group in the 4th quarter worth $221,000.

Separately, upgraded Encore Capital Group from a “hold” rating to a “buy” rating in a research note on Friday, May 6th.

Shares of ECPG stock opened at $58.83 on Tuesday. Encore Capital Group, Inc. has a 52-week low of $43.24 and a 52-week high of $72.67. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.70 and a current ratio of 0.70. The firm has a market capitalization of $1.43 billion, a PE ratio of 4.01 and a beta of 1.25. The stock has a fifty day simple moving average of $58.82 and a two-hundred day simple moving average of $62.07.

Encore Capital Group (NASDAQ:ECPGGet Rating) last issued its quarterly earnings results on Wednesday, May 4th. The asset manager reported $6.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.00 by $4.40. Encore Capital Group had a return on equity of 33.89% and a net margin of 25.45%. The business had revenue of $499.60 million during the quarter, compared to analyst estimates of $347.08 million. During the same quarter in the prior year, the business posted $2.97 EPS. Encore Capital Group’s revenue for the quarter was up 19.9% compared to the same quarter last year. On average, sell-side analysts forecast that Encore Capital Group, Inc. will post 12.88 EPS for the current fiscal year.

In other Encore Capital Group news, Director Laura Olle sold 889 shares of the stock in a transaction on Tuesday, June 21st. The stock was sold at an average price of $57.42, for a total value of $51,046.38. Following the completion of the sale, the director now owns 27,962 shares in the company, valued at approximately $1,605,578.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.01% of the company’s stock.

Encore Capital Group Company Profile (Get Rating)

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.

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

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