BidaskClub lowered shares of Encore Capital Group (NASDAQ:ECPG) from a hold rating to a sell rating in a research report report published on Thursday morning.

A number of other equities research analysts have also commented on ECPG. ValuEngine lowered Encore Capital Group from a hold rating to a sell rating in a research report on Tuesday, August 28th. UBS Group lowered Encore Capital Group from an outperform rating to a market perform rating in a research report on Tuesday, October 2nd. Oppenheimer lowered Encore Capital Group from an outperform rating to a hold rating and set a $54.00 price target on the stock. in a research report on Tuesday, October 2nd. Finally, Zacks Investment Research lowered Encore Capital Group from a hold rating to a sell rating in a research report on Wednesday, October 10th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. Encore Capital Group presently has a consensus rating of Hold and a consensus price target of $47.33.

NASDAQ ECPG opened at $22.01 on Thursday. Encore Capital Group has a 12 month low of $20.38 and a 12 month high of $47.80. The stock has a market capitalization of $679.05 million, a price-to-earnings ratio of 4.84, a P/E/G ratio of 0.36 and a beta of 1.84. The company has a debt-to-equity ratio of 4.58, a quick ratio of 0.75 and a current ratio of 0.75.

Encore Capital Group (NASDAQ:ECPG) last released its quarterly earnings results on Wednesday, November 7th. The asset manager reported $1.19 EPS for the quarter, meeting analysts’ consensus estimates of $1.19. Encore Capital Group had a return on equity of 19.38% and a net margin of 6.13%. The firm had revenue of $336.77 million for the quarter, compared to analyst estimates of $342.33 million. During the same quarter in the previous year, the company posted $1.14 EPS. The business’s revenue was up 9.8% on a year-over-year basis. Equities research analysts expect that Encore Capital Group will post 4.74 EPS for the current year.

In other Encore Capital Group news, insider Ashish Masih bought 12,500 shares of the business’s stock in a transaction that occurred on Friday, November 9th. The shares were bought at an average price of $24.26 per share, for a total transaction of $303,250.00. Following the transaction, the insider now directly owns 114,187 shares in the company, valued at $2,770,176.62. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Jonathan C. Clark bought 20,000 shares of the business’s stock in a transaction that occurred on Friday, November 9th. The shares were acquired at an average price of $24.04 per share, for a total transaction of $480,800.00. Following the transaction, the chief financial officer now owns 89,774 shares in the company, valued at $2,158,166.96. The disclosure for this purchase can be found here. Insiders own 1.76% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Quantbot Technologies LP boosted its position in shares of Encore Capital Group by 522.2% during the 3rd quarter. Quantbot Technologies LP now owns 4,231 shares of the asset manager’s stock valued at $151,000 after purchasing an additional 3,551 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Encore Capital Group during the 3rd quarter valued at about $219,000. Stevens Capital Management LP bought a new stake in shares of Encore Capital Group during the 2nd quarter valued at about $334,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Encore Capital Group during the 2nd quarter valued at about $343,000. Finally, Trexquant Investment LP bought a new stake in shares of Encore Capital Group during the 3rd quarter valued at about $380,000.

Encore Capital Group Company Profile

Encore Capital Group, Inc, a specialty finance company, together with its subsidiaries, provides debt recovery solutions and other related services for consumers across a range of 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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