Klein Pavlis & Peasley Financial Inc. Has $420,000 Stock Holdings in Encore Capital Group, Inc. (NASDAQ:ECPG)

Klein Pavlis & Peasley Financial Inc. lessened its position in Encore Capital Group, Inc. (NASDAQ:ECPG) by 43.2% during the third quarter, Holdings Channel reports. The institutional investor owned 8,884 shares of the asset manager’s stock after selling 6,768 shares during the quarter. 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 hedge funds and other institutional investors have also bought and sold shares of ECPG. ProShare Advisors LLC increased its position in shares of Encore Capital Group by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 4,692 shares of the asset manager’s stock worth $214,000 after purchasing an additional 323 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Encore Capital Group by 8.8% during the 2nd quarter. Victory Capital Management Inc. now owns 4,980 shares of the asset manager’s stock worth $208,000 after purchasing an additional 403 shares during the last quarter. Inspire Investing LLC increased its position in shares of Encore Capital Group by 9.8% during the 2nd quarter. Inspire Investing LLC now owns 8,536 shares of the asset manager’s stock worth $356,000 after purchasing an additional 759 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in shares of Encore Capital Group during the 2nd quarter worth approximately $33,000. Finally, The Manufacturers Life Insurance Company increased its position in shares of Encore Capital Group by 7.3% during the 2nd 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 during the last quarter.

Wall Street Analyst Weigh In

ECPG has been the topic of several recent analyst reports. Northland Securities raised Encore Capital Group from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $55.00 to $58.00 in a research report on Thursday, October 17th. Northland Capmk upgraded Encore Capital Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 17th. JMP Securities reiterated a “market outperform” rating and set a $60.00 target price on shares of Encore Capital Group in a research note on Monday, October 14th. Finally, Truist Financial reduced their target price on Encore Capital Group from $70.00 to $64.00 and set a “buy” rating for the company in a research note on Tuesday, August 20th. Three analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $60.67.

Encore Capital Group Stock Performance

ECPG opened at $45.14 on Monday. The business has a fifty day simple moving average of $47.18 and a 200 day simple moving average of $45.37. The company has a market capitalization of $1.07 billion, a PE ratio of -5.26 and a beta of 1.55. Encore Capital Group, Inc. has a 1 year low of $34.74 and a 1 year high of $54.55. The company has a debt-to-equity ratio of 3.50, a current ratio of 1.27 and a quick ratio of 1.27.

Encore Capital Group (NASDAQ:ECPG) last released its quarterly earnings results on Wednesday, August 7th. The asset manager reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.10. The business had revenue of $355.29 million during the quarter, compared to the consensus estimate 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 firm’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.08 EPS. Research analysts expect that Encore Capital Group, Inc. will post 5.56 EPS 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.