Andrew Eric Asch Sells 1,251 Shares of Encore Capital Group, Inc. (NASDAQ:ECPG) Stock

Encore Capital Group, Inc. (NASDAQ:ECPG) SVP Andrew Eric Asch sold 1,251 shares of the firm’s stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $50.00, for a total value of $62,550.00. Following the transaction, the senior vice president now owns 18,075 shares in the company, valued at $903,750. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Encore Capital Group Stock Down 1.8 %

Shares of NASDAQ:ECPG traded down $0.89 during trading hours on Thursday, hitting $48.57. The company’s stock had a trading volume of 124,073 shares, compared to its average volume of 157,384. The firm’s fifty day moving average price is $43.48 and its 200 day moving average price is $46.00. Encore Capital Group, Inc. has a 52 week low of $34.74 and a 52 week high of $54.73. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of -5.66 and a beta of 1.55. The company has a debt-to-equity ratio of 3.53, a current ratio of 0.96 and a quick ratio of 0.96.

Encore Capital Group (NASDAQ:ECPG) last issued its quarterly earnings data on Wednesday, May 8th. The asset manager reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.01. The company had revenue of $328.39 million during the quarter, compared to the consensus estimate of $330.83 million. Encore Capital Group had a negative net margin of 16.30% and a positive return on equity of 9.95%. Encore Capital Group’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.94 earnings per share. As a group, research analysts expect that Encore Capital Group, Inc. will post 5.59 EPS for the current year.

Institutional Investors Weigh In On Encore Capital Group

A number of hedge funds have recently made changes to their positions in the stock. Wedge Capital Management L L P NC grew its stake in Encore Capital Group by 10.1% in the second quarter. Wedge Capital Management L L P NC now owns 14,173 shares of the asset manager’s stock valued at $591,000 after purchasing an additional 1,306 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Encore Capital Group in the 2nd quarter valued at about $416,000. Ogborne Capital Management LLC bought a new stake in shares of Encore Capital Group in the 1st quarter valued at about $2,073,000. Zimmer Partners LP purchased a new position in shares of Encore Capital Group in the 1st quarter worth approximately $260,000. Finally, Comerica Bank raised its stake in shares of Encore Capital Group by 22.1% during the 1st quarter. Comerica Bank now owns 13,181 shares of the asset manager’s stock worth $601,000 after acquiring an additional 2,389 shares in the last quarter.

Wall Street Analyst Weigh In

Separately, JMP Securities restated a “market outperform” rating and set a $60.00 price target on shares of Encore Capital Group in a research note on Monday, May 6th.

Encore Capital Group Company Profile

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.