Encore Capital Group (ECPG) : Smith Graham Investment Advisors Lp scooped up 158,520 additional shares in Encore Capital Group during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 26, 2016. The investment management firm now holds a total of 428,478 shares of Encore Capital Group which is valued at $12,061,656.Encore Capital Group makes up approximately 1.58% of Smith Graham Investment Advisors Lp’s portfolio.
Encore Capital Group closed down -0.7 points or -2.49% at $27.45 with 1,85,654 shares getting traded on Monday. Post opening the session at $28.37, the shares hit an intraday low of $27.33 and an intraday high of $28.52 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
Other Hedge Funds, Including , Huntington National Bank boosted its stake in ECPG in the latest quarter, The investment management firm added 841 additional shares and now holds a total of 1,384 shares of Encore Capital Group which is valued at $38,960. Simplex Trading added ECPG to its portfolio by purchasing 1,845 company shares during the most recent quarter which is valued at $49,889. Encore Capital Group makes up approx 0.01% of Simplex Trading’s portfolio.Capstone Asset Management Co reduced its stake in ECPG by selling 500 shares or 4.41% in the most recent quarter. The Hedge Fund company now holds 10,843 shares of ECPG which is valued at $293,195. Encore Capital Group makes up approx 0.01% of Capstone Asset Management Co’s portfolio.
On the company’s financial health, Encore Capital Group reported $1.31 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Feb 24, 2016. Analyst had a consensus of $1.35. The company had revenue of $298.00 million for the quarter, compared to analysts expectations of $299.02 million. The company’s revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.17 EPS.
Many Wall Street Analysts have commented on Encore Capital Group. Encore Capital Group was Initiated by Northland Capital to “Outperform” on Mar 22, 2016.
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 Companys 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. Defaulted receivables are consumers’ unpaid financial commitments to credit originators including banks credit unions consumer finance companies commercial retailers and telecommunication companies. Defaulted receivables also include receivables subject to bankruptcy proceedings. It operates tax lien business segment through its subsidiary Propel Financial Services LLC which acquires and services residential and commercial tax liens on real property.