Insider Selling: Encore Capital Group, Inc. (NASDAQ:ECPG) Director Sells 1,340 Shares of Stock

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

Encore Capital Group Stock Down 0.4 %

Shares of NASDAQ:ECPG opened at $49.19 on Friday. Encore Capital Group, Inc. has a 52 week low of $39.64 and a 52 week high of $54.55. The company has a debt-to-equity ratio of 3.39, a quick ratio of 1.11 and a current ratio of 1.11. The company has a market capitalization of $1.17 billion, a PE ratio of -6.27 and a beta of 1.56. The company has a 50 day moving average price of $47.01 and a two-hundred day moving average price of $46.25.

Encore Capital Group (NASDAQ:ECPG) last issued its earnings results on Wednesday, November 6th. The asset manager reported $1.26 EPS for the quarter, missing the consensus estimate 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 the consensus estimate of $360.70 million. During the same period in the previous year, the company posted $0.79 EPS. The firm’s revenue for the quarter was up 18.6% on a year-over-year basis. Analysts forecast that Encore Capital Group, Inc. will post 5.09 earnings per share for the current year.

Institutional Investors Weigh In On Encore Capital Group

Several large investors have recently made changes to their positions in the stock. Stephens Investment Management Group LLC increased its position in shares of 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 worth $53,782,000 after acquiring an additional 5,373 shares in the last quarter. State Street Corp increased its position 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 worth $42,575,000 after acquiring an additional 2,597 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Encore Capital Group by 16.0% during the third quarter. Wellington Management Group LLP now owns 756,335 shares of the asset manager’s stock worth $35,752,000 after acquiring an additional 104,509 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Encore Capital Group by 2.5% during 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Encore Capital Group by 4.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 481,497 shares of the asset manager’s stock worth $22,760,000 after acquiring an additional 18,467 shares in the last quarter.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on ECPG shares. JMP Securities boosted their price target on shares of Encore Capital Group from $60.00 to $65.00 and gave the stock a “market outperform” rating in a research note on Thursday, November 7th. Truist Financial dropped their price target on shares of Encore Capital Group from $70.00 to $64.00 and set a “buy” rating for the company in a research note on Tuesday, August 20th. Northland Securities raised shares of Encore Capital Group from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $55.00 to $58.00 in a research note on Thursday, October 17th. Northland Capmk raised shares of Encore Capital Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 17th. Finally, StockNews.com raised shares of Encore Capital Group from a “hold” rating to a “buy” rating in a research note on Friday. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Encore Capital Group has an average rating of “Buy” and an average price target of $62.33.

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.