Institutional Investors Lead Shift in Encore Capital Group Inc (NASDAQ:ECPG) Sentiment

Encore Capital Group, Inc. (NASDAQ:ECPG) Logo

Sentiment for Encore Capital Group Inc (NASDAQ:ECPG)

Encore Capital Group Inc (NASDAQ:ECPG) institutional sentiment increased to 1.58 in 2018 Q2. Its up 0.14, from 1.44 in 2018Q1. The ratio is positive, as 79 institutional investors increased and started new positions, while 50 cut down and sold their positions in Encore Capital Group Inc. The institutional investors in our partner’s database now hold: 26.44 million shares, up from 25.38 million shares in 2018Q1. Also, the number of institutional investors holding Encore Capital Group Inc in their top 10 positions was flat from 3 to 3 for the same number . Sold All: 10 Reduced: 40 Increased: 57 New Position: 22.

Encore Capital Group, Inc., a specialty finance company, together with its subsidiaries, provides debt recovery solutions for clients across a range of financial assets worldwide. The company has market cap of $823.75 million. The firm 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. It has a 8.95 P/E ratio. It is also involved in the debt management of portfolios consisting of higher balance and semi-performing accounts; and the management of non-performing loans.

The stock increased 0.07% or $0.02 during the last trading session, reaching $26.7. About 41,911 shares traded. Encore Capital Group, Inc. (NASDAQ:ECPG) has declined 8.19% since December 6, 2017 and is downtrending. It has underperformed by 23.81% the S&P500.

Analysts await Encore Capital Group, Inc. (NASDAQ:ECPG) to report earnings on February, 20. They expect $1.24 EPS, up 18.10 % or $0.19 from last year’s $1.05 per share. ECPG’s profit will be $38.26 million for 5.38 P/E if the $1.24 EPS becomes a reality. After $1.19 actual EPS reported by Encore Capital Group, Inc. for the previous quarter, Wall Street now forecasts 4.20 % EPS growth.

Red Mountain Capital Partners Llc holds 9.64% of its portfolio in Encore Capital Group, Inc. for 470,544 shares. Second Curve Capital Llc owns 320,000 shares or 4.51% of their US portfolio. Moreover, Broad Run Investment Management Llc has 3.7% invested in the company for 2.97 million shares. The Texas-based Smith Graham & Co. Investment Advisors Lp has invested 1.28% in the stock. Pembroke Management Ltd, a Quebec – Canada-based fund reported 225,193 shares.

Since January 1, 0001, it had 2 insider buys, and 0 selling transactions for $784,050 activity.

Encore Capital Group, Inc. (NASDAQ:ECPG) Ratings Coverage

Ratings analysis reveals 50% of Encore Capital Gr’s analysts are positive. Out of 2 Wall Street analysts rating Encore Capital Gr, 1 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. ECPG was included in 2 notes of analysts from August 9, 2018. Northland Capital upgraded Encore Capital Group, Inc. (NASDAQ:ECPG) on Thursday, August 9 to “Outperform” rating. Oppenheimer downgraded Encore Capital Group, Inc. (NASDAQ:ECPG) on Tuesday, October 2 to “Perform” rating.

More notable recent Encore Capital Group, Inc. (NASDAQ:ECPG) news were published by: Seekingalpha.com which released: “Encore Capital Group Inc 2018 Q2 – Results – Earnings Call Slides – Seeking Alpha” on August 10, 2018, also Nasdaq.com with their article: “Encore Enters Settlement Agreement with 42 States and the District of Columbia – Nasdaq” published on December 04, 2018, Globenewswire.com published: “Encore Capital Group Announces Preliminary Second Quarter 2018 Financial Results – GlobeNewswire” on July 16, 2018. More interesting news about Encore Capital Group, Inc. (NASDAQ:ECPG) were released by: Globenewswire.com and their article: “Encore Capital Group Announces First Quarter 2018 Financial Results – GlobeNewswire” published on May 08, 2018 as well as Globenewswire.com‘s news article titled: “Encore Capital Group, Inc. Prices Public Offering of Exchangeable Notes – GlobeNewswire” with publication date: July 18, 2018.

Encore Capital Group, Inc. (NASDAQ:ECPG) Institutional Positions Chart

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