The stock last traded at $46.50 which is marginally over $43.26, the stock’s 50 day moving average and which is impressively higher than the 200 day moving average of $39.30. The 50 day moving average went up $3.24 or +7.48% whereas the 200 day moving average was up $7.20 or +18.34%. 1,069 shares changed hands on Tuesday. Trading volume was down 99.67% under the stocks average daily volume.
Short traders are feeling a little more bullish on shares of the company as shown by the change in short interest. The company had a fall in short interest of -2.35% as of the latest report on September 29, 2017. Short interest fell from 4,162,962 to 4,065,269 over that period. Days to cover decreased from 23.0 to 12.0 and the percentage of shorted shares was 0.16% on September 29.
These funds have shifted positions in (ECPG). Gw&k Investment Management, LLC cut its ownership by selling 1,175 shares a decrease of 1.2% as of 09/30/2017. Gw&k Investment Management, LLC now controls 94,833 shares valued at $4,201,000. The total value of its holdings increased 9.0%. Sheets Smith Wealth Management divested its holdings by shedding 400 shares a decrease of 2.6% in the quarter. Sheets Smith Wealth Management controls 14,730 shares worth $653,000. The value of the position overall is up by 7.6%.
As of the end of the quarter State of Alaska, Department of Revenue had acquired a total of 20 shares growing its holdings by 0.4%. The value of the investment in Encore Capital Group Inc went from $187,000 to $207,000 a change of 10.7% quarter over quarter. As of quarter end Cutler Group LP had bought 1,400 shares growing its position 700.0%. The value of the investment in (ECPG) increased from $0 to $10,000 increasing inf% for the reporting period.
The company currently has a P/E ratio of 19.05 and market capitalization is 1.20B. In the last earnings report the EPS was $2.44 and is expected to be $3.69 for the current year with 25,740,000 shares now outstanding. Next quarter’s EPS is forecasted to be $0.95 and the next full year EPS is projected to be $4.05.
Encore Capital Group, Inc., launched on April 29, 1999, 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 Business’s geographical segments include the United States, Europe and other. The Business’s 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..