Encore Capital Group, Inc. (NASDAQ:ECPG) CAO Sells $614,500.00 in Stock

Encore Capital Group, Inc. (NASDAQ:ECPG) CAO Gregory L. Call sold 10,000 shares of the firm’s stock in a transaction on Wednesday, January 12th. The shares were sold at an average price of $61.45, for a total value of $614,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

NASDAQ ECPG opened at $67.42 on Friday. The business’s fifty day simple moving average is $59.66 and its 200-day simple moving average is $52.58. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.00. The firm has a market cap of $1.97 billion, a PE ratio of 6.83 and a beta of 1.43. Encore Capital Group, Inc. has a 52 week low of $29.21 and a 52 week high of $67.61.

Encore Capital Group (NASDAQ:ECPG) last issued its quarterly earnings data on Wednesday, November 3rd. The asset manager reported $2.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.12 by $0.54. The firm had revenue of $412.62 million during the quarter, compared to the consensus estimate of $372.31 million. Encore Capital Group had a return on equity of 24.63% and a net margin of 19.03%. During the same period last year, the company earned $2.31 EPS. Research analysts expect that Encore Capital Group, Inc. will post 11.13 EPS for the current year.

ECPG has been the topic of a number of research reports. Zacks Investment Research lowered Encore Capital Group from a “buy” rating to a “hold” rating in a report on Monday, November 8th. JMP Securities lifted their price target on Encore Capital Group from $54.00 to $71.00 and gave the stock a “market outperform” rating in a report on Thursday, November 4th. Finally, Northland Securities lifted their price target on Encore Capital Group from $70.00 to $75.00 in a report on Friday.

Several large investors have recently modified their holdings of ECPG. First Horizon Advisors Inc. acquired a new stake in shares of Encore Capital Group during the 3rd quarter worth about $38,000. O Shaughnessy Asset Management LLC increased its position in shares of Encore Capital Group by 30,950.0% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 1,242 shares of the asset manager’s stock worth $61,000 after purchasing an additional 1,238 shares during the last quarter. Advisor Group Holdings Inc. grew its position in Encore Capital Group by 19.4% in the 2nd quarter. Advisor Group Holdings Inc. now owns 1,418 shares of the asset manager’s stock valued at $67,000 after acquiring an additional 230 shares in the last quarter. Royal Bank of Canada grew its position in Encore Capital Group by 32.2% in the 2nd quarter. Royal Bank of Canada now owns 4,094 shares of the asset manager’s stock valued at $194,000 after acquiring an additional 997 shares in the last quarter. Finally, Profund Advisors LLC acquired a new position in Encore Capital Group in the 2nd quarter valued at about $200,000.

Encore Capital Group Company Profile

Encore Capital Group, Inc engages in the provision of debt management and recovery solutions for consumers and property owners across a broad range of financial assets. It operates through the following geographical segments: United States, International, Europe, and Other. The company was founded in April 1999 and is headquartered in San Diego, CA.

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