Dimensional Fund Advisors LP Lowers Stake in Encore Capital Group Inc (ECPG)

Dimensional Fund Advisors LP reduced its stake in shares of Encore Capital Group Inc (NASDAQ:ECPG) by 0.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,256,711 shares of the asset manager’s stock after selling 7,731 shares during the period. Dimensional Fund Advisors LP owned approximately 4.88% of Encore Capital Group worth $50,457,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Arizona State Retirement System lifted its stake in shares of Encore Capital Group by 0.8% during the second quarter. Arizona State Retirement System now owns 12,357 shares of the asset manager’s stock worth $496,000 after buying an additional 100 shares during the period. OppenheimerFunds Inc. lifted its stake in shares of Encore Capital Group by 0.9% during the first quarter. OppenheimerFunds Inc. now owns 24,780 shares of the asset manager’s stock worth $764,000 after buying an additional 230 shares during the period. Texas Permanent School Fund lifted its stake in shares of Encore Capital Group by 1.4% during the second quarter. Texas Permanent School Fund now owns 17,287 shares of the asset manager’s stock worth $694,000 after buying an additional 237 shares during the period. Mason Street Advisors LLC lifted its stake in shares of Encore Capital Group by 7.3% during the first quarter. Mason Street Advisors LLC now owns 5,507 shares of the asset manager’s stock worth $170,000 after buying an additional 374 shares during the period. Finally, Legal & General Group Plc lifted its stake in shares of Encore Capital Group by 1.2% during the first quarter. Legal & General Group Plc now owns 40,886 shares of the asset manager’s stock worth $1,259,000 after buying an additional 498 shares during the period.

TRADEMARK VIOLATION WARNING: “Dimensional Fund Advisors LP Lowers Stake in Encore Capital Group Inc (ECPG)” was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece on another website, it was illegally copied and reposted in violation of United States & international copyright & trademark law. The original version of this piece can be accessed at https://ledgergazette.com/2017/10/21/dimensional-fund-advisors-lp-lowers-stake-in-encore-capital-group-inc-ecpg.html.

Encore Capital Group Inc (NASDAQ ECPG) opened at 46.65 on Friday. The company’s 50-day moving average is $43.11 and its 200-day moving average is $39.05. Encore Capital Group Inc has a 52-week low of $17.66 and a 52-week high of $47.10. The firm has a market capitalization of $1.20 billion, a P/E ratio of 19.11 and a beta of 1.79.

Encore Capital Group (NASDAQ:ECPG) last issued its quarterly earnings results on Thursday, August 3rd. The asset manager reported $0.87 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.05. The firm had revenue of $290.92 million during the quarter, compared to analysts’ expectations of $275.18 million. Encore Capital Group had a net margin of 6.28% and a return on equity of 12.38%. Encore Capital Group’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.29 EPS. On average, analysts predict that Encore Capital Group Inc will post $3.69 EPS for the current year.

A number of research firms recently issued reports on ECPG. ValuEngine upgraded shares of Encore Capital Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Keefe, Bruyette & Woods restated a “buy” rating and set a $49.50 target price on shares of Encore Capital Group in a research report on Thursday, August 10th. Zacks Investment Research upgraded shares of Encore Capital Group from a “sell” rating to a “hold” rating in a research report on Monday, August 7th. Northland Securities restated a “hold” rating and set a $44.00 target price on shares of Encore Capital Group in a research report on Friday, August 4th. Finally, BidaskClub downgraded shares of Encore Capital Group from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Six analysts have rated the stock with a

Several other large investors also recently bought and sold shares of the company. Arizona State Retirement System lifted its stake in shares of Encore Capital Group by 0.8% during the second quarter. Arizona State Retirement System now owns 12,357 shares of the asset manager’s stock worth $496,000 after buying an additional 100 shares during the period. OppenheimerFunds Inc. lifted its stake in shares of Encore Capital Group by 0.9% during the first quarter. OppenheimerFunds Inc. now owns 24,780 shares of the asset manager’s stock worth $764,000 after buying an additional 230 shares during the period. Texas Permanent School Fund lifted its stake in shares of Encore Capital Group by 1.4% during the second quarter. Texas Permanent School Fund now owns 17,287 shares of the asset manager’s stock worth $694,000 after buying an additional 237 shares during the period. Mason Street Advisors LLC lifted its stake in shares of Encore Capital Group by 7.3% during the first quarter. Mason Street Advisors LLC now owns 5,507 shares of the asset manager’s stock worth $170,000 after buying an additional 374 shares during the period. Finally, Legal & General Group Plc lifted its stake in shares of Encore Capital Group by 1.2% during the first quarter. Legal & General Group Plc now owns 40,886 shares of the asset manager’s stock worth $1,259,000 after buying an additional 498 shares during the period.

TRADEMARK VIOLATION WARNING: “Dimensional Fund Advisors LP Lowers Stake in Encore Capital Group Inc (ECPG)” was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece on another website, it was illegally copied and reposted in violation of United States & international copyright & trademark law. The original version of this piece can be accessed at https://ledgergazette.com/2017/10/21/dimensional-fund-advisors-lp-lowers-stake-in-encore-capital-group-inc-ecpg.html.

Encore Capital Group Inc (NASDAQ ECPG) opened at 46.65 on Friday. The company’s 50-day moving average is $43.11 and its 200-day moving average is $39.05. Encore Capital Group Inc has a 52-week low of $17.66 and a 52-week high of $47.10. The firm has a market capitalization of $1.20 billion, a P/E ratio of 19.11 and a beta of 1.79.

Encore Capital Group (NASDAQ:ECPG) last issued its quarterly earnings results on Thursday, August 3rd. The asset manager reported $0.87 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.05. The firm had revenue of $290.92 million during the quarter, compared to analysts’ expectations of $275.18 million. Encore Capital Group had a net margin of 6.28% and a return on equity of 12.38%. Encore Capital Group’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.29 EPS. On average, analysts predict that Encore Capital Group Inc will post $3.69 EPS for the current year.

A number of research firms recently issued reports on ECPG. ValuEngine upgraded shares of Encore Capital Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Keefe, Bruyette & Woods restated a “buy” rating and set a $49.50 target price on shares of Encore Capital Group in a research report on Thursday, August 10th. Zacks Investment Research upgraded shares of Encore Capital Group from a “sell” rating to a “hold” rating in a research report on Monday, August 7th. Northland Securities restated a “hold” rating and set a $44.00 target price on shares of Encore Capital Group in a research report on Friday, August 4th. Finally, BidaskClub downgraded shares of Encore Capital Group from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Six analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $38.88.

Encore Capital Group Company Profile

Encore Capital Group, Inc, through its subsidiaries, is a specialty finance company providing debt recovery solutions for consumers and property owners across a range of financial assets. The Company operates through Portfolio Purchasing and Recovery segment. The Company’s geographical segments include the United States, Europe and other.

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

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