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

Encore Capital Group, Inc. (NASDAQ:ECPG) Director Laura Olle sold 1,340 shares of the stock in a transaction 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 in the company, valued at $1,591,849.96. This trade represents a 3.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Encore Capital Group Stock Up 0.7 %

Shares of ECPG stock traded up $0.32 on Wednesday, hitting $49.38. The company’s stock had a trading volume of 82,532 shares, compared to its average volume of 149,171. Encore Capital Group, Inc. has a fifty-two week low of $39.64 and a fifty-two week high of $54.55. The firm’s fifty day moving average price is $47.00 and its 200-day moving average price is $46.20. The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of -6.28 and a beta of 1.56. The company has a debt-to-equity ratio of 3.39, a current ratio of 1.11 and a quick ratio of 1.11.

Encore Capital Group (NASDAQ:ECPG) last posted its quarterly earnings data on Wednesday, November 6th. The asset manager reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.22). The firm had revenue of $367.07 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the prior year, the company posted $0.79 earnings per share. Research analysts anticipate that Encore Capital Group, Inc. will post 5.09 EPS for the current year.

Analyst Ratings Changes

ECPG has been the topic of several analyst reports. Truist Financial dropped their target price on 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 Capmk raised shares of Encore Capital Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 17th. JMP Securities upped their target price on Encore Capital Group from $60.00 to $65.00 and gave the company a “market outperform” rating in a report on Thursday, November 7th. Northland Securities raised shares of Encore Capital Group from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $55.00 to $58.00 in a research note on Thursday, October 17th. Finally, StockNews.com lowered shares of Encore Capital Group from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $62.33.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Phase 2 Partners LLC raised its position in shares of Encore Capital Group by 219.9% during the third quarter. Phase 2 Partners LLC now owns 241,509 shares of the asset manager’s stock valued at $11,416,000 after buying an additional 166,014 shares during the last quarter. Wellington Management Group LLP raised its stake in 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. Marshall Wace LLP lifted its holdings in Encore Capital Group by 221.1% during the 2nd quarter. Marshall Wace LLP now owns 130,127 shares of the asset manager’s stock valued at $5,430,000 after purchasing an additional 89,596 shares during the last quarter. Ogborne Capital Management LLC bought a new position in shares of Encore Capital Group in the first quarter valued at approximately $2,073,000. Finally, Barclays PLC boosted its stake in Encore Capital Group by 22.9% in the third quarter. Barclays PLC now owns 197,903 shares of the asset manager’s stock worth $9,355,000 after purchasing an additional 36,822 shares in the last quarter.

About Encore Capital Group

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.