Encore Capital Group, Inc. (NASDAQ:ECPG - Get Free Report) CEO Ashish Masih bought 20,000 shares of the business's stock in a transaction on Wednesday, March 5th. The stock was bought at an average cost of $35.14 per share, with a total value of $702,800.00. Following the completion of the purchase, the chief executive officer now directly owns 322,254 shares in the company, valued at approximately $11,324,005.56. The trade was a 6.62 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Encore Capital Group Trading Down 0.3 %
Encore Capital Group stock traded down $0.10 during midday trading on Friday, reaching $35.74. 388,606 shares of the stock traded hands, compared to its average volume of 278,189. The company has a 50-day simple moving average of $47.12 and a two-hundred day simple moving average of $47.49. Encore Capital Group, Inc. has a 12-month low of $32.99 and a 12-month high of $51.77. The firm has a market cap of $846.72 million, a PE ratio of -4.55 and a beta of 1.73. 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 - Get Free Report) last announced its earnings results on Wednesday, February 26th. The asset manager reported $1.50 EPS for the quarter, missing analysts' consensus estimates of $1.55 by ($0.05). 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 $265.62 million for the quarter, compared to analysts' expectations of $373.40 million. Research analysts expect that Encore Capital Group, Inc. will post 5.09 earnings per share for the current fiscal year.
Analyst Ratings Changes
ECPG has been the subject of a number of research analyst reports. Northland Securities increased their price target on Encore Capital Group from $58.00 to $66.00 and gave the stock an "outperform" rating in a report on Monday, December 23rd. Truist Financial lowered their price target on Encore Capital Group from $64.00 to $57.00 and set a "buy" rating for the company in a report on Thursday, February 27th. Finally, StockNews.com cut Encore Capital Group from a "buy" rating to a "hold" rating in a report on Friday, February 28th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $62.67.
Check Out Our Latest Research Report on Encore Capital Group
Hedge Funds Weigh In On Encore Capital Group
A number of hedge funds and other institutional investors have recently bought and sold shares of ECPG. Creative Planning raised its position in Encore Capital Group by 27.7% in the 3rd quarter. Creative Planning now owns 7,155 shares of the asset manager's stock valued at $338,000 after purchasing an additional 1,552 shares in the last quarter. Versor Investments LP acquired a new stake in Encore Capital Group in the 3rd quarter valued at about $222,000. KBC Group NV raised its position in Encore Capital Group by 54.9% in the 3rd quarter. KBC Group NV now owns 1,365 shares of the asset manager's stock valued at $65,000 after purchasing an additional 484 shares in the last quarter. Huntington National Bank raised its position in Encore Capital Group by 8,700.0% in the 3rd quarter. Huntington National Bank now owns 528 shares of the asset manager's stock valued at $25,000 after purchasing an additional 522 shares in the last quarter. Finally, Empowered Funds LLC raised its position in Encore Capital Group by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 84,812 shares of the asset manager's stock valued at $4,009,000 after purchasing an additional 4,288 shares in the last quarter.
About Encore Capital Group
(
Get Free Report)
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.
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