Insider Selling: Encore Capital Group, Inc. (ECPG) Insider Sells 19,273 Shares of Stock

Encore Capital Group, Inc. (NASDAQ:ECPG) insider Paul Grinberg sold 19,273 shares of the company’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $40.82, for a total value of $786,723.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Paul Grinberg also recently made the following trade(s):

  • On Wednesday, December 26th, Paul Grinberg sold 37,546 shares of Encore Capital Group stock. The shares were sold at an average price of $42.43, for a total value of $1,593,076.78.
  • On Tuesday, December 26th, Paul Grinberg sold 38,546 shares of Encore Capital Group stock. The stock was sold at an average price of $42.43, for a total value of $1,635,506.78.

Shares of Encore Capital Group, Inc. (NASDAQ ECPG) opened at $41.50 on Friday. The stock has a market capitalization of $1,059.43, a price-to-earnings ratio of 11.15, a price-to-earnings-growth ratio of 0.78 and a beta of 1.82. Encore Capital Group, Inc. has a 12-month low of $28.95 and a 12-month high of $52.00. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 5.60.

Encore Capital Group (NASDAQ:ECPG) last issued its quarterly earnings data on Thursday, November 2nd. The asset manager reported $1.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.24. Encore Capital Group had a return on equity of 17.27% and a net margin of 8.18%. sell-side analysts forecast that Encore Capital Group, Inc. will post 3.91 EPS for the current year.

Several hedge funds have recently modified their holdings of ECPG. Piedmont Investment Advisors LLC purchased a new stake in shares of Encore Capital Group in the second quarter worth $206,000. Janney Capital Management LLC purchased a new stake in shares of Encore Capital Group in the third quarter worth $217,000. Sigma Planning Corp purchased a new stake in shares of Encore Capital Group in the third quarter worth $249,000. Convergence Investment Partners LLC purchased a new stake in shares of Encore Capital Group in the fourth quarter worth $285,000. Finally, Mackenzie Financial Corp raised its position in shares of Encore Capital Group by 16.8% in the third quarter. Mackenzie Financial Corp now owns 7,934 shares of the asset manager’s stock worth $351,000 after buying an additional 1,140 shares in the last quarter.

Several research firms have issued reports on ECPG. SunTrust Banks restated a “buy” rating and set a $57.00 target price on shares of Encore Capital Group in a research report on Friday, November 3rd. Zacks Investment Research upgraded Encore Capital Group from a “sell” rating to a “hold” rating in a research report on Monday, November 6th. Janney Montgomery Scott restated a “hold” rating on shares of Encore Capital Group in a research report on Saturday, November 18th. Northland Securities restated a “hold” rating and set a $49.00 target price on shares of Encore Capital Group in a research report on Friday, November 3rd. Finally, BidaskClub downgraded Encore Capital Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, December 7th. Two research analysts have rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $48.10.

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About Encore Capital Group

Encore Capital Group, Inc, through its subsidiaries, is a specialty finance company providing debt recovery solutions for consumers and property owners across a range of financial assets. The Company operates through Portfolio Purchasing and Recovery segment. The Company’s geographical segments include the United States, Europe and other.

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