Texas Permanent School Fund Corp Decreases Stock Holdings in Encore Capital Group, Inc. (NASDAQ:ECPG)

The Texas Permanent School Fund Corp (TPSFC) has recently decreased its stock holdings in Encore Capital Group, Inc. (ECPG) by an undisclosed amount. ECPG is a leading provider of financial services to consumers and businesses in the United States.

The TPSFC is a state-owned investment fund that manages the endowment of Texas public schools. The fund invests in various assets, including stocks, bonds, and real estate, with the goal of generating returns for the benefit of Texas public schools.

It's worth noting that the decision to decrease stock holdings in ECPG may be due to a variety of factors, such as changes in the company's financial performance or market conditions. However, without more information, it is impossible to determine the specific reasons behind this decision.

It's also important to note that the TPSFC has a long-standing history of investing in companies that align with its mission of supporting Texas public schools. The fund has previously invested in other financial services companies, such as PayPal and Square, as well as technology and healthcare companies.

Overall, while the decision to decrease stock holdings in ECPG may be significant for investors and shareholders, it is important to remember that the TPSFC's primary goal is to support the education of Texas students.