Encore Capital Group, Inc. (NASDAQ:ECPG) Director Sells $65,874.40 in Stock

Encore Capital Group, Inc. (NASDAQ:ECPG) Director Laura Olle sold 1,340 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $49.16, for a total transaction of $65,874.40. Following the completion of the transaction, the director now directly owns 32,381 shares in the company, valued at $1,591,849.96. This trade represents a 3.97 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Encore Capital Group Stock Performance

Shares of NASDAQ:ECPG traded up $0.32 on Wednesday, hitting $49.38. The company had a trading volume of 82,532 shares, compared to its average volume of 149,171. Encore Capital Group, Inc. has a 1-year low of $39.64 and a 1-year high of $54.55. The stock has a market cap of $1.17 billion, a price-to-earnings ratio of -6.28 and a beta of 1.56. The stock has a 50 day moving average price of $47.00 and a 200 day moving average price of $46.20. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 3.39.

Encore Capital Group (NASDAQ:ECPG) last issued its quarterly earnings data on Wednesday, November 6th. The asset manager reported $1.26 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.22). Encore Capital Group had a negative net margin of 13.91% and a positive return on equity of 12.70%. The firm had revenue of $367.07 million during the quarter, compared to analyst estimates of $360.70 million. During the same period in the prior year, the company earned $0.79 earnings per share. The business’s quarterly revenue was up 18.6% compared to the same quarter last year. Analysts expect that Encore Capital Group, Inc. will post 5.09 EPS for the current year.

Wall Street Analysts Forecast Growth

ECPG has been the subject of a number of analyst reports. Northland Capmk raised Encore Capital Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 17th. Northland Securities raised shares of Encore Capital Group from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $55.00 to $58.00 in a research report on Thursday, October 17th. JMP Securities lifted their target price on Encore Capital Group from $60.00 to $65.00 and gave the company a “market outperform” rating in a research report on Thursday, November 7th. StockNews.com lowered shares of Encore Capital Group from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Finally, Truist Financial dropped their price objective on Encore Capital Group from $70.00 to $64.00 and set a “buy” rating on the stock in a research note on Tuesday, August 20th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $62.33.

Institutional Investors Weigh In On Encore Capital Group

Several institutional investors have recently made changes to their positions in ECPG. Stephens Investment Management Group LLC raised its position in Encore Capital Group by 0.5% during the third quarter. Stephens Investment Management Group LLC now owns 1,137,752 shares of the asset manager’s stock valued at $53,782,000 after purchasing an additional 5,373 shares in the last quarter. State Street Corp raised its stake in shares of Encore Capital Group by 0.3% during the third quarter. State Street Corp now owns 900,677 shares of the asset manager’s stock valued at $42,575,000 after acquiring an additional 2,597 shares during the last quarter. Wellington Management Group LLP lifted its holdings in Encore Capital Group by 16.0% during the 3rd quarter. Wellington Management Group LLP now owns 756,335 shares of the asset manager’s stock worth $35,752,000 after buying an additional 104,509 shares during the period. Geode Capital Management LLC lifted its stake in shares of Encore Capital Group by 2.5% in the third quarter. Geode Capital Management LLC now owns 570,047 shares of the asset manager’s stock worth $26,952,000 after acquiring an additional 13,648 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Encore Capital Group by 4.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 481,497 shares of the asset manager’s stock valued at $22,760,000 after purchasing an additional 18,467 shares during the last quarter.

Encore Capital Group Company Profile

Encore Capital Group, Inc, a specialty finance company, provides debt recovery solutions and other related services for consumers across financial assets worldwide. The company purchases portfolios of defaulted consumer receivables at deep discounts to face value, as well as manages them by working with individuals as they repay their obligations and works toward financial recovery.