BidaskClub upgraded shares of Encore Capital Group (NASDAQ:ECPG) from a sell rating to a hold rating in a research note released on Friday morning.
A number of other research firms also recently issued reports on ECPG. Oppenheimer initiated coverage on shares of Encore Capital Group in a research report on Monday, January 8th. They set a buy rating and a $53.00 target price on the stock. ValuEngine upgraded shares of Encore Capital Group from a buy rating to a strong-buy rating in a research report on Sunday, December 31st. Zacks Investment Research upgraded shares of Encore Capital Group from a sell rating to a hold rating in a research report on Wednesday, January 31st. Finally, Janney Montgomery Scott reiterated a hold rating on shares of Encore Capital Group in a research report on Saturday, November 18th. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of Buy and a consensus price target of $50.90.
Encore Capital Group (ECPG) opened at $45.90 on Friday. The company has a debt-to-equity ratio of 6.03, a quick ratio of 0.74 and a current ratio of 0.74. Encore Capital Group has a 1 year low of $28.95 and a 1 year high of $52.00. The stock has a market cap of $1,179.25, a price-to-earnings ratio of 14.57, a P/E/G ratio of 0.75 and a beta of 1.68.
In other Encore Capital Group news, insider Paul Grinberg sold 37,546 shares of the company’s stock in a transaction on Tuesday, December 26th. The shares were sold at an average price of $42.43, for a total transaction of $1,593,076.78. Following the transaction, the insider now owns 250,171 shares in the company, valued at $10,614,755.53. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders have sold a total of 114,138 shares of company stock worth $4,801,521 in the last quarter. 8.80% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. State Street Corp raised its holdings in Encore Capital Group by 3.5% during the second quarter. State Street Corp now owns 568,689 shares of the asset manager’s stock worth $22,830,000 after buying an additional 19,252 shares during the last quarter. Hennessy Advisors Inc. acquired a new position in Encore Capital Group during the fourth quarter worth $26,527,000. EJF Capital LLC acquired a new position in Encore Capital Group during the third quarter worth $2,437,000. Dimensional Fund Advisors LP raised its holdings in Encore Capital Group by 2.8% during the third quarter. Dimensional Fund Advisors LP now owns 1,291,569 shares of the asset manager’s stock worth $57,217,000 after buying an additional 34,858 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in Encore Capital Group during the fourth quarter worth $1,341,000.
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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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