Granahan Investment Management Inc. MA Purchases New Stake in Encore Capital Group, Inc. (ECPG)

Granahan Investment Management Inc. MA purchased a new stake in Encore Capital Group, Inc. (NASDAQ:ECPG) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 50,200 shares of the asset manager’s stock, valued at approximately $2,224,000. Granahan Investment Management Inc. MA owned about 0.19% of Encore Capital Group as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of ECPG. Nisa Investment Advisors LLC acquired a new stake in Encore Capital Group during the second quarter worth about $201,000. Piedmont Investment Advisors LLC acquired a new stake in Encore Capital Group during the second quarter worth about $206,000. Sigma Planning Corp acquired a new stake in Encore Capital Group during the third quarter worth about $249,000. Westpac Banking Corp acquired a new stake in Encore Capital Group during the second quarter worth about $336,000. Finally, Mackenzie Financial Corp grew its position in Encore Capital Group by 16.8% during the third quarter. Mackenzie Financial Corp now owns 7,934 shares of the asset manager’s stock worth $351,000 after buying an additional 1,140 shares in the last quarter.

A number of research firms recently weighed in on ECPG. BidaskClub downgraded Encore Capital Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, December 7th. Zacks Investment Research downgraded Encore Capital Group from a “hold” rating to a “sell” rating in a research report on Tuesday, October 31st. Janney Montgomery Scott reissued a “hold” rating on shares of Encore Capital Group in a research report on Saturday, November 18th. SunTrust Banks reissued a “buy” rating and set a $57.00 target price on shares of Encore Capital Group in a research report on Friday, November 3rd. Finally, Northland Securities reissued a “hold” rating and set a $49.00 target price on shares of Encore Capital Group in a research report on Friday, November 3rd. Five analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $43.50.

Encore Capital Group, Inc. (ECPG) opened at $44.95 on Wednesday. The company has a market cap of $1,155.97, a PE ratio of 12.17 and a beta of 1.80. The company has a debt-to-equity ratio of 5.60, a quick ratio of 0.70 and a current ratio of 0.70. Encore Capital Group, Inc. has a one year low of $26.30 and a one year high of $52.00.

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Encore Capital Group 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.

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

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