Encore Capital Group, Inc. (NASDAQ:ECPG) CAO Gregory L. Call Sells 10,000 Shares

Encore Capital Group, Inc. (NASDAQ:ECPG) CAO Gregory L. Call sold 10,000 shares of Encore Capital Group 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 document filed with the SEC, which is available at this hyperlink.

Shares of NASDAQ ECPG opened at $67.42 on Friday. 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 stock has a market capitalization of $1.97 billion, a price-to-earnings ratio of 6.83 and a beta of 1.43. The stock’s fifty day simple moving average is $59.66 and its 200 day simple moving average is $52.58. 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 results on Wednesday, November 3rd. The asset manager reported $2.66 earnings per share for the quarter, beating analysts’ consensus estimates of $2.12 by $0.54. Encore Capital Group had a return on equity of 24.63% and a net margin of 19.03%. The business had revenue of $412.62 million for the quarter, compared to the consensus estimate of $372.31 million. During the same quarter in the previous year, the company posted $2.31 earnings per share. As a group, analysts anticipate that Encore Capital Group, Inc. will post 11.13 earnings per share for the current year.

Hedge funds have recently modified their holdings of the company. Massachusetts Financial Services Co. MA grew its holdings in shares of Encore Capital Group by 1.6% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,466,343 shares of the asset manager’s stock valued at $69,490,000 after buying an additional 23,307 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Encore Capital Group by 269.2% during the second quarter. Principal Financial Group Inc. now owns 795,370 shares of the asset manager’s stock valued at $37,692,000 after buying an additional 579,926 shares in the last quarter. Nuveen Asset Management LLC grew its holdings in shares of Encore Capital Group by 8.8% during the second quarter. Nuveen Asset Management LLC now owns 180,837 shares of the asset manager’s stock valued at $8,570,000 after buying an additional 14,612 shares in the last quarter. WINTON GROUP Ltd grew its holdings in shares of Encore Capital Group by 13.6% during the second quarter. WINTON GROUP Ltd now owns 27,076 shares of the asset manager’s stock valued at $1,283,000 after buying an additional 3,231 shares in the last quarter. Finally, Sei Investments Co. purchased a new position in shares of Encore Capital Group during the second quarter valued at $225,000.

Several brokerages have recently issued reports on ECPG. JMP Securities lifted their price target on Encore Capital Group from $54.00 to $71.00 and gave the company a “market outperform” rating in a research report on Thursday, November 4th. Zacks Investment Research cut Encore Capital Group from a “buy” rating to a “hold” rating in a report on Monday, November 8th. Finally, Northland Securities lifted their target price on Encore Capital Group from $70.00 to $75.00 in a report on Friday.

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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Insider Buying and Selling by Quarter for Encore Capital Group (NASDAQ:ECPG)

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