Key Points
- John Yung sold 1,000 shares of Encore Capital Group on November 26 at an average price of $52.00, netting $52,000 and reducing his stake by 1.74% to 56,609 shares (worth ~ $2.94M).
- Shares traded at $51.13 mid-day (down $0.36) with volume of 381,986 vs. an average of 290,648, a market cap of $1.14B, a 52-week range of $26.45–$52.00, and a high leverage profile (debt-to-equity 4.43).
- Encore beat quarterly expectations with $3.17 EPS vs. $1.92 expected and revenue of $460.35M (up 25.4% YoY); analysts hold a consensus "Moderate Buy" rating with a $61.67 average price target.
Encore Capital Group Inc (NASDAQ:ECPG - Get Free Report) insider John Yung sold 1,000 shares of the business's stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $52.00, for a total value of $52,000.00. Following the completion of the transaction, the insider directly owned 56,609 shares of the company's stock, valued at approximately $2,943,668. This trade represents a 1.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Encore Capital Group Stock Performance
NASDAQ:ECPG traded down $0.36 during mid-day trading on Thursday, hitting $51.13. 381,986 shares of the company traded hands, compared to its average volume of 290,648. The firm has a market cap of $1.14 billion, a price-to-earnings ratio of -13.67 and a beta of 1.43. Encore Capital Group Inc has a one year low of $26.45 and a one year high of $52.00. The stock's fifty day moving average price is $44.74 and its 200-day moving average price is $41.62. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 4.43.
Encore Capital Group (NASDAQ:ECPG - Get Free Report) last posted its quarterly earnings results on Wednesday, November 5th. The asset manager reported $3.17 EPS for the quarter, beating analysts' consensus estimates of $1.92 by $1.25. Encore Capital Group had a positive return on equity of 19.61% and a negative net margin of 6.07%.The business had revenue of $460.35 million for the quarter, compared to analysts' expectations of $410.70 million. During the same period last year, the firm earned $1.26 earnings per share. The business's quarterly revenue was up 25.4% on a year-over-year basis. Research analysts anticipate that Encore Capital Group Inc will post 5.09 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
ECPG has been the subject of several analyst reports. Janney Montgomery Scott raised their target price on shares of Encore Capital Group from $56.00 to $62.00 and gave the stock a "buy" rating in a report on Thursday, November 6th. Zacks Research raised shares of Encore Capital Group from a "hold" rating to a "strong-buy" rating in a research note on Friday, October 10th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Encore Capital Group in a research note on Wednesday, October 8th. Finally, Wall Street Zen lowered Encore Capital Group from a "strong-buy" rating to a "buy" rating in a research report on Sunday, November 16th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Encore Capital Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $61.67.
View Our Latest Stock Report on Encore Capital Group
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC acquired a new stake in Encore Capital Group in the 2nd quarter valued at about $27,000. GAMMA Investing LLC boosted its position in shares of Encore Capital Group by 345.1% in the second quarter. GAMMA Investing LLC now owns 819 shares of the asset manager's stock worth $32,000 after buying an additional 635 shares during the period. LSV Asset Management purchased a new stake in shares of Encore Capital Group during the third quarter worth about $88,000. Tower Research Capital LLC TRC increased its stake in Encore Capital Group by 168.9% during the second quarter. Tower Research Capital LLC TRC now owns 2,716 shares of the asset manager's stock valued at $105,000 after purchasing an additional 1,706 shares during the last quarter. Finally, Virtus Advisers LLC bought a new stake in Encore Capital Group in the third quarter valued at $143,000.
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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