Encore Capital Group, Inc. (NASDAQ:ECPG) Shares Sold by Captrust Financial Advisors

Captrust Financial Advisors decreased its stake in Encore Capital Group, Inc. (NASDAQ:ECPG) by 17.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,633 shares of the asset manager’s stock after selling 1,011 shares during the period. Captrust Financial Advisors’ holdings in Encore Capital Group were worth $219,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in ECPG. SG Americas Securities LLC bought a new stake in shares of Encore Capital Group in the 2nd quarter worth approximately $416,000. Bank of New York Mellon Corp lifted its holdings in shares of Encore Capital Group by 0.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 182,117 shares of the asset manager’s stock worth $7,600,000 after purchasing an additional 1,650 shares during the last quarter. Klein Pavlis & Peasley Financial Inc. lifted its holdings in shares of Encore Capital Group by 5.4% in the 2nd quarter. Klein Pavlis & Peasley Financial Inc. now owns 15,652 shares of the asset manager’s stock worth $653,000 after purchasing an additional 796 shares during the last quarter. Innealta Capital LLC bought a new stake in shares of Encore Capital Group in the 2nd quarter worth approximately $60,000. Finally, nVerses Capital LLC lifted its holdings in shares of Encore Capital Group by 450.0% in the 2nd quarter. nVerses Capital LLC now owns 1,100 shares of the asset manager’s stock worth $46,000 after purchasing an additional 900 shares during the last quarter.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ECPG. Northland Securities raised Encore Capital Group from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $55.00 to $58.00 in a report on Thursday, October 17th. JMP Securities lifted their target price on Encore Capital Group from $60.00 to $65.00 and gave the company a “market outperform” rating in a research note on Thursday, November 7th. Northland Capmk raised Encore Capital Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 17th. StockNews.com raised Encore Capital Group from a “hold” rating to a “buy” rating in a research note on Friday, November 29th. Finally, Truist Financial cut their target price on Encore Capital Group from $70.00 to $64.00 and set a “buy” rating on the stock in a research note on Tuesday, August 20th. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Encore Capital Group currently has a consensus rating of “Buy” and a consensus price target of $62.33.

Insider Buying and Selling

In related news, Director Laura Olle sold 1,340 shares of Encore Capital Group stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $49.16, for a total transaction of $65,874.40. Following the completion of the sale, the director now owns 32,381 shares of the company’s stock, valued at approximately $1,591,849.96. This trade represents a 3.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.63% of the company’s stock.

Encore Capital Group Stock Up 0.3 %

Shares of ECPG stock opened at $49.23 on Monday. Encore Capital Group, Inc. has a 1 year low of $39.64 and a 1 year high of $54.55. The stock has a market cap of $1.17 billion, a PE ratio of -6.27 and a beta of 1.55. The business’s fifty day moving average is $47.57 and its 200-day moving average is $46.57. The company has a debt-to-equity ratio of 3.39, a quick ratio of 1.11 and a current ratio of 1.11.

Encore Capital Group (NASDAQ:ECPG) last issued its quarterly earnings results on Wednesday, November 6th. The asset manager reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.22). Encore Capital Group had a negative net margin of 13.91% and a positive return on equity of 12.70%. The firm had revenue of $367.07 million for the quarter, compared to analyst estimates of $360.70 million. During the same quarter last year, the business posted $0.79 earnings per share. The firm’s revenue for the quarter was up 18.6% compared to the same quarter last year. Equities analysts expect that Encore Capital Group, Inc. will post 5.09 earnings per share for the current fiscal year.

Encore Capital Group 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.