Encore Capital Group, Inc. (ECPG) Insider Paul Grinberg Sells 19,273 Shares

Encore Capital Group, Inc. (NASDAQ:ECPG) insider Paul Grinberg sold 19,273 shares of the firm’s stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $40.82, for a total value of $786,723.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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 stock was 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. (ECPG) remained flat at $$41.15 during mid-day trading on Thursday. The company’s stock had a trading volume of 488,235 shares, compared to its average volume of 230,692. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 5.60. Encore Capital Group, Inc. has a 1-year low of $28.95 and a 1-year high of $52.00. The company has a market cap of $1,060.00, a PE ratio of 11.69, a P/E/G ratio of 0.79 and a beta of 1.82.

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%. research analysts expect that Encore Capital Group, Inc. will post 3.91 EPS for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Broad Run Investment Management LLC raised its position in Encore Capital Group by 0.6% during the second quarter. Broad Run Investment Management LLC now owns 2,912,052 shares of the asset manager’s stock valued at $116,919,000 after purchasing an additional 17,188 shares in the last quarter. BlackRock Inc. raised its position in Encore Capital Group by 1.1% during the second quarter. BlackRock Inc. now owns 2,511,735 shares of the asset manager’s stock valued at $100,846,000 after purchasing an additional 27,239 shares in the last quarter. Vanguard Group Inc. raised its position in Encore Capital Group by 3.4% during the second quarter. Vanguard Group Inc. now owns 2,199,637 shares of the asset manager’s stock valued at $88,317,000 after purchasing an additional 71,478 shares in the last quarter. FMR LLC raised its position in Encore Capital Group by 110.6% during the second quarter. FMR LLC now owns 1,298,705 shares of the asset manager’s stock valued at $52,142,000 after purchasing an additional 682,097 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position 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 valued at $57,217,000 after purchasing an additional 34,858 shares in the last quarter.

A number of equities research analysts recently issued reports on the company. BidaskClub downgraded Encore Capital Group from a “sell” rating to a “strong sell” rating in a research report on Thursday. Zacks Investment Research downgraded Encore Capital Group from a “hold” rating to a “sell” rating in a research report on Tuesday, October 31st. ValuEngine upgraded Encore Capital Group from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. SunTrust Banks reiterated a “buy” rating and issued a $57.00 price objective on shares of Encore Capital Group in a research report on Friday, November 3rd. Finally, Janney Montgomery Scott reiterated a “hold” rating on shares of Encore Capital Group in a research report on Saturday, November 18th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $48.10.

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Encore Capital Group Company Profile

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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