GW&K Investment Management LLC Has $2.87 Million Position in Encore Capital Group, Inc. (ECPG)

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GW&K Investment Management LLC trimmed its stake in shares of Encore Capital Group, Inc. (NASDAQ:ECPG) by 7.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 122,078 shares of the asset manager’s stock after selling 9,251 shares during the period. GW&K Investment Management LLC owned about 0.40% of Encore Capital Group worth $2,869,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Northern Trust Corp increased its position in Encore Capital Group by 7.3% during the second quarter. Northern Trust Corp now owns 673,970 shares of the asset manager’s stock worth $24,667,000 after acquiring an additional 45,877 shares during the period. Bank of Montreal Can increased its holdings in Encore Capital Group by 42,962.2% in the 3rd quarter. Bank of Montreal Can now owns 400,909 shares of the asset manager’s stock valued at $14,372,000 after buying an additional 399,978 shares during the period. First Trust Advisors LP increased its holdings in Encore Capital Group by 116.3% in the 3rd quarter. First Trust Advisors LP now owns 64,517 shares of the asset manager’s stock valued at $2,313,000 after buying an additional 34,690 shares during the period. Pembroke Management LTD increased its holdings in Encore Capital Group by 85.3% in the 3rd quarter. Pembroke Management LTD now owns 417,393 shares of the asset manager’s stock valued at $14,964,000 after buying an additional 192,200 shares during the period. Finally, Arizona State Retirement System increased its holdings in Encore Capital Group by 6.9% in the 3rd quarter. Arizona State Retirement System now owns 37,130 shares of the asset manager’s stock valued at $1,331,000 after buying an additional 2,381 shares during the period.

Several research firms have commented on ECPG. BidaskClub raised shares of Encore Capital Group from a “buy” rating to a “strong-buy” rating in a report on Friday. ValuEngine raised shares of Encore Capital Group from a “strong sell” rating to a “sell” rating in a report on Wednesday, February 13th. Oppenheimer raised shares of Encore Capital Group from a “market perform” rating to an “outperform” rating and set a $37.00 target price on the stock in a report on Tuesday, January 15th. Zacks Investment Research raised shares of Encore Capital Group from a “sell” rating to a “hold” rating in a report on Monday, January 14th. Finally, Buckingham Research began coverage on shares of Encore Capital Group in a report on Thursday, January 3rd. They issued a “buy” rating and a $38.00 target price on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $40.75.

ECPG stock opened at $32.74 on Friday. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of 8.16, a PEG ratio of 0.48 and a beta of 1.96. The company has a debt-to-equity ratio of 4.58, a quick ratio of 0.75 and a current ratio of 0.75. Encore Capital Group, Inc. has a 12 month low of $20.38 and a 12 month high of $47.80.

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Encore Capital Group Profile

Encore Capital Group, Inc, a specialty finance company, together with its subsidiaries, provides debt recovery solutions and other related services for consumers across a range of 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.

Further Reading: What are retained earnings?

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

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