Encore capital group, inc. (ecpg) stock rating lowered by zacks investment research – financial market news

According to Zacks, “Encore Capital Group is a leading provider of debt management and recovery solutions for consumers and property owners across a broad range of assets. Through its subsidiaries, the company purchases portfolios of consumer receivables from major banks, credit unions, and utility providers, and partners with individuals as they repay their obligations and work toward financial recovery. Through its Propel Financial Services subsidiary, the company assists property owners who are delinquent on their property taxes by structuring affordable monthly payment plans. Encore’s success and future growth


are driven by its sophisticated and widespread use of analytics, its broad investments in data and behavioral science, the significant cost advantages provided by its highly-efficient operating model and proven investment strategy, and the company’s demonstrated commitment to conducting business ethically and in ways that support its consumers’ financial recovery.

“ Several hedge funds and institutional investors recently added to or reduced their stakes in ECPG. Benjamin F. Edwards & Company bought a new position in Encore Capital Group during the fourth quarter valued at $0. Capstone Asset Management Company boosted its position in shares of Encore Capital Group by 45.7% in the fourth quarter. Capstone Asset Management Company now owns 11,343 shares of the company’s stock valued at $330,000 after buying an additional 3,560 shares during the last quarter. BB&T Securities boosted its position in shares of Encore Capital Group by 34.3% in the fourth quarter.

BB&T Securities now owns 27,930 shares of the company’s stock valued at $812,000 after buying an additional 7,137 shares during the last quarter. Smith Graham & Co. Investment Advisors LP acquired a new position in shares of Encore Capital Group during the fourth quarter valued at approximately $7,850,000. Finally, Thompson Siegel & Walmsley LLC boosted its position in shares of Encore Capital Group by 19.3% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 624,884 shares of the company’s stock valued at $18,172,000 after buying an additional 101,303 shares during the last quarter.

Encore Capital Group, Inc is a specialty finance company providing debt recovery solutions for consumers and property owners across a range of financial assets. The Company conducts business through two segments: portfolio purchasing and recovery, and tax lien business. The Company’s portfolio purchasing and recovery segment purchases portfolios of defaulted consumer receivables at discounts and manages them by partnering with individuals as they repay their obligations and work toward financial recovery.

Receive News & Ratings for Encore Capital Group Inc. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Encore Capital Group Inc. and related companies with MarketBeat. com’s FREE daily email newsletter. In related news, CEO Kenneth Vecchione purchased 2,125 shares of Encore Capital Group stock in a transaction dated Wednesday, December 16th. The stock was bought at an average price of $29.27 per share, for a total transaction of $62,198.75. Following the completion of the acquisition, the chief executive officer now directly owns 159,635 shares of the company’s stock, valued at $4,672,516.45. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink.

Get a free copy of the Zacks research report on Encore Capital Group (ECPG) Encore Capital Group ( NASDAQ:ECPG) opened at 20.85 on Friday. The company has a market cap of $526.94 million and a P/E ratio of 7.74. Encore Capital Group has a one year low of $16.09 and a one year high of $44.61. The company has a 50-day moving average of $22.55 and a 200 day moving average of $33.60. Encore Capital Group, Inc. (NASDAQ:ECPG) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Saturday, Analyst Ratings Net reports.

A number of other research analysts have also recently issued reports on ECPG. TheStreet cut shares of Encore Capital Group from a “buy” rating to a “hold” rating in a report on Friday, November 6th. SunTrust decreased their price objective on shares of Encore Capital Group from $63.00 to $53.00 and set a “buy” rating for the company in a report on Thursday, November 12th. Citigroup Inc. restated a “buy” rating on shares of Encore Capital Group in a report on Tuesday, December 22nd. JMP Securities decreased their price objective on shares of Encore Capital Group from $52.00 to $35.00 in a report on Wednesday, January 13th. Finally, William Blair restated an “outperform” rating on shares of Encore Capital Group in a report on Friday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company.

The company has a consensus rating of “Buy” and a consensus target price of $43.40.

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