Encore Capital Group, Inc. (NASDAQ:ECPG) Director Laura Olle Sells 1,340 Shares

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

Encore Capital Group Stock Performance

Shares of ECPG opened at $49.38 on Thursday. The company has a market cap of $1.17 billion, a price-to-earnings ratio of -6.29 and a beta of 1.56. 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, Inc. has a 12 month low of $39.64 and a 12 month high of $54.55. The business’s fifty day simple moving average is $47.00 and its two-hundred day simple moving average is $46.20.

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

Analyst Ratings Changes

ECPG has been the topic of several recent research reports. Northland Securities upgraded Encore Capital Group from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $55.00 to $58.00 in a research note on Thursday, October 17th. StockNews.com cut Encore Capital Group from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Truist Financial reduced their price target on Encore Capital Group from $70.00 to $64.00 and set a “buy” rating for the company in a report on Tuesday, August 20th. JMP Securities upped 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. Finally, Northland Capmk raised shares of Encore Capital Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 17th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $62.33.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Huntington National Bank raised its stake in Encore Capital Group by 8,700.0% during the 3rd quarter. Huntington National Bank now owns 528 shares of the asset manager’s stock valued at $25,000 after buying an additional 522 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in Encore Capital Group during the second quarter valued at $33,000. nVerses Capital LLC lifted its holdings in Encore Capital Group by 450.0% in the second quarter. nVerses Capital LLC now owns 1,100 shares of the asset manager’s stock valued at $46,000 after acquiring an additional 900 shares during the period. KBC Group NV boosted its position in Encore Capital Group by 54.9% in the third quarter. KBC Group NV now owns 1,365 shares of the asset manager’s stock worth $65,000 after purchasing an additional 484 shares during the last quarter. Finally, Innealta Capital LLC bought a new stake in shares of Encore Capital Group during the 2nd quarter valued at about $60,000.

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.