Mutual of America Capital Management LLC Makes New Investment in Encore Capital Group, Inc. (NASDAQ:ECPG)

Mutual of America Capital Management LLC bought a new position in shares of Encore Capital Group, Inc. (NASDAQ:ECPG) in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 4,118 shares of the asset manager’s stock, valued at approximately $209,000.

A number of other large investors have also recently added to or reduced their stakes in ECPG. Schroder Investment Management Group increased its holdings in Encore Capital Group by 13.0% during the 3rd quarter. Schroder Investment Management Group now owns 396,879 shares of the asset manager’s stock worth $18,955,000 after purchasing an additional 45,598 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Encore Capital Group by 12.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 375,727 shares of the asset manager’s stock valued at $17,945,000 after acquiring an additional 40,258 shares in the last quarter. QRG Capital Management Inc. bought a new position in shares of Encore Capital Group in the 3rd quarter valued at about $1,242,000. Third Avenue Management LLC grew its holdings in shares of Encore Capital Group by 17.7% in the 3rd quarter. Third Avenue Management LLC now owns 170,678 shares of the asset manager’s stock valued at $8,046,000 after acquiring an additional 25,723 shares in the last quarter. Finally, Shaker Investments LLC OH grew its holdings in shares of Encore Capital Group by 78.2% in the 3rd quarter. Shaker Investments LLC OH now owns 49,081 shares of the asset manager’s stock valued at $2,344,000 after acquiring an additional 21,545 shares in the last quarter.

Encore Capital Group Trading Up 0.9 %

Encore Capital Group stock opened at $42.48 on Wednesday. Encore Capital Group, Inc. has a 52 week low of $34.74 and a 52 week high of $54.73. The company has a debt-to-equity ratio of 3.54, a quick ratio of 0.83 and a current ratio of 0.83. The stock has a market capitalization of $1.00 billion, a P/E ratio of -4.84 and a beta of 1.36. The stock has a 50-day simple moving average of $46.46 and a 200 day simple moving average of $46.81.

Encore Capital Group (NASDAQ:ECPG) last posted its quarterly earnings results on Wednesday, February 21st. The asset manager reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.03. Encore Capital Group had a positive return on equity of 9.46% and a negative net margin of 16.89%. The business had revenue of $277.39 million during the quarter, compared to analysts’ expectations of $330.77 million. Analysts expect that Encore Capital Group, Inc. will post 5.93 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. TheStreet cut Encore Capital Group from a “c-” rating to a “d+” rating in a report on Monday, March 18th. JMP Securities restated a “market outperform” rating and issued a $60.00 price objective on shares of Encore Capital Group in a report on Wednesday, April 17th.

Insider Buying and Selling

In related news, insider Ryan B. Bell sold 5,500 shares of Encore Capital Group stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $50.00, for a total transaction of $275,000.00. Following the completion of the transaction, the insider now owns 42,404 shares in the company, valued at $2,120,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.90% of the stock is currently owned by corporate insiders.

About Encore Capital Group

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.