Insider Selling: Encore Capital Group SVP Sells 5,000 Shares of Stock (ECPG)
Encore Capital Group (NASDAQ:ECPG) SVP James Syran sold 5,000 shares of Encore Capital Group stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $49.25, for a total transaction of $246,250.00. Following the completion of the sale, the senior vice president now directly owns 59,337 shares of the company’s stock, valued at approximately $2,922,347. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Encore Capital Group (NASDAQ:ECPG) last posted its quarterly earnings results on Thursday, November 7th. The company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.08. The company had revenue of $235.60 million for the quarter, compared to the consensus estimate of $209.12 million. During the same quarter in the previous year, the company posted $0.82 earnings per share. The company’s revenue for the quarter was up 62.3% on a year-over-year basis.
A number of research firms have recently commented on ECPG. Analysts at JMP Securities raised their price target on shares of Encore Capital Group from $49.00 to $58.00 in a research note to investors on Friday, November 8th. Analysts at William Blair upgraded shares of Encore Capital Group from a “market perform” rating to an “outperform” rating in a research note to investors on Friday, November 8th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $49.66.
Encore Capital Group, Inc (NASDAQ:ECPG) is engaged in consumer debt buying and recovery.
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