Insider Selling: 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 business’s stock in a transaction dated Wednesday, November 27th. The stock was 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 in the company, valued at approximately $1,591,849.96. The trade was a 3.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Encore Capital Group Price Performance

NASDAQ:ECPG opened at $49.19 on Friday. The firm has a market cap of $1.17 billion, a PE ratio of -6.27 and a beta of 1.56. Encore Capital Group, Inc. has a 12 month low of $39.64 and a 12 month high of $54.55. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 3.39. The company’s 50-day moving average price is $47.01 and its two-hundred day moving average price is $46.25.

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

Hedge Funds Weigh In On Encore Capital Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Verition Fund Management LLC boosted its position in Encore Capital Group by 4.3% in the third quarter. Verition Fund Management LLC now owns 8,828 shares of the asset manager’s stock valued at $417,000 after buying an additional 364 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Encore Capital Group by 8.8% during the second quarter. Victory Capital Management Inc. now owns 4,980 shares of the asset manager’s stock worth $208,000 after purchasing an additional 403 shares in the last quarter. KBC Group NV lifted its position in shares of Encore Capital Group by 54.9% during 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 in the last quarter. Huntington National Bank lifted its position in shares of Encore Capital Group by 8,700.0% during the third quarter. Huntington National Bank now owns 528 shares of the asset manager’s stock worth $25,000 after purchasing an additional 522 shares in the last quarter. Finally, Inspire Investing LLC lifted its position in shares of Encore Capital Group by 9.8% during the second quarter. Inspire Investing LLC now owns 8,536 shares of the asset manager’s stock worth $356,000 after purchasing an additional 759 shares in the last quarter.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Truist Financial decreased their target price on shares of Encore Capital Group from $70.00 to $64.00 and set a “buy” rating on the stock in a research report on Tuesday, August 20th. Northland Securities upgraded shares of Encore Capital Group from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $55.00 to $58.00 in a research report on Thursday, October 17th. JMP Securities lifted their target price on shares of 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. Northland Capmk upgraded shares of Encore Capital Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 17th. Finally, StockNews.com upgraded shares of Encore Capital Group from a “hold” rating to a “buy” rating in a research report on Friday. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price 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.