Insider Selling: Encore Capital Group CFO Sells $540,320 in Stock (ECPG)
Encore Capital Group (NASDAQ:ECPG) CFO Paul Grinberg sold 11,000 shares of the company’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $49.12, for a total transaction of $540,320.00. Following the completion of the sale, the chief financial officer now directly owns 187,724 shares of the company’s stock, valued at approximately $9,221,003. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Encore Capital Group (NASDAQ:ECPG) traded down 0.87% during mid-day trading on Wednesday, hitting $48.81. The stock had a trading volume of 208,402 shares. Encore Capital Group has a 52 week low of $26.84 and a 52 week high of $51.95. The stock has a 50-day moving average of $47.90 and a 200-day moving average of $44.40. The company has a market cap of $1.241 billion and a price-to-earnings ratio of 17.35.
Encore Capital Group (NASDAQ:ECPG) last issued its quarterly earnings data on Thursday, November 7th. The company reported $1.02 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.82 earnings per share. Encore Capital Group’s revenue was up 62.3% compared to the same quarter last year. Analysts expect that Encore Capital Group will post $3.76 EPS for the current fiscal year.
A number of analysts have recently weighed in on ECPG shares. 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 analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $49.66.
Encore Capital Group, Inc (NASDAQ:ECPG) is engaged in consumer debt buying and recovery.
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