Encore Capital Group (NASDAQ:ECPG) Sees Strong Trading Volume

Encore Capital Group, Inc. (NASDAQ:ECPG) shares saw an uptick in trading volume on Monday . 113,887 shares were traded during trading, a decline of 31% from the previous session’s volume of 164,715 shares.The stock last traded at $42.49 and had previously closed at $41.63.

Analysts Set New Price Targets

Several equities analysts recently weighed in on ECPG shares. JMP Securities reiterated a “market outperform” rating and issued a $60.00 price target on shares of Encore Capital Group in a report on Wednesday, April 17th. TheStreet cut Encore Capital Group from a “c-” rating to a “d+” rating in a research note on Monday, March 18th.

Encore Capital Group Stock Up 2.0 %

The firm has a 50-day moving average price of $45.92 and a 200 day moving average price of $46.64. The company has a debt-to-equity ratio of 3.54, a current ratio of 0.83 and a quick ratio of 0.83.

Encore Capital Group (NASDAQ:ECPG) last released its quarterly earnings results on Wednesday, February 21st. The asset manager reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.03. The business had revenue of $277.39 million for the quarter, compared to analyst estimates of $330.77 million. Encore Capital Group had a positive return on equity of 9.46% and a negative net margin of 16.89%. Equities analysts expect that Encore Capital Group, Inc. will post 5.93 earnings per share for the current year.

Insider Transactions at Encore Capital Group

In other news, insider Ryan B. Bell sold 5,500 shares of the business’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $50.00, for a total transaction of $275,000.00. Following the completion of the transaction, the insider now owns 42,404 shares of the company’s stock, valued at approximately $2,120,200. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.90% of the company’s stock.

Hedge Funds Weigh In On Encore Capital Group

A number of institutional investors have recently made changes to their positions in the stock. Assetmark Inc. boosted its position in Encore Capital Group by 19.4% during the 4th quarter. Assetmark Inc. now owns 1,422 shares of the asset manager’s stock valued at $72,000 after buying an additional 231 shares during the period. Assenagon Asset Management S.A. bought a new position in shares of Encore Capital Group in the 4th quarter worth about $206,000. Mutual of America Capital Management LLC bought a new position in shares of Encore Capital Group in the 4th quarter worth about $209,000. Campbell & CO Investment Adviser LLC bought a new stake in Encore Capital Group during the 3rd quarter valued at about $211,000. Finally, M&T Bank Corp bought a new stake in Encore Capital Group during the 4th quarter valued at about $223,000.

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.