BidaskClub Lowers Encore Capital Group (NASDAQ:ECPG) to Sell
BidaskClub lowered shares of Encore Capital Group (NASDAQ:ECPG) from a hold rating to a sell rating in a research note published on Wednesday, January 3rd.
A number of other equities research analysts also recently weighed in on ECPG. ValuEngine upgraded shares of Encore Capital Group from a buy rating to a strong-buy rating in a research note on Sunday, December 31st. Northland Securities restated a hold rating and issued a $49.00 target price on shares of Encore Capital Group in a research note on Friday, November 3rd. Zacks Investment Research upgraded shares of Encore Capital Group from a sell rating to a hold rating in a research note on Monday, November 6th. Janney Montgomery Scott reiterated a hold rating on shares of Encore Capital Group in a research report on Saturday, November 18th. Finally, SunTrust Banks reiterated a buy rating and set a $57.00 price target on shares of Encore Capital Group in a research report on Friday, November 3rd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $48.10.
Encore Capital Group (ECPG) opened at $42.30 on Wednesday. Encore Capital Group has a 52-week low of $28.95 and a 52-week high of $52.00. The firm has a market cap of $1,095.47, a P/E ratio of 11.92, a P/E/G ratio of 0.81 and a beta of 1.82. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 5.60.
In related news, insider Paul Grinberg sold 37,546 shares of the business’s stock in a transaction that occurred on Wednesday, December 26th. The stock was sold at an average price of $42.43, for a total value of $1,593,076.78. Following the completion of the transaction, the insider now directly owns 250,171 shares in the company, valued at approximately $10,614,755.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders sold 95,365 shares of company stock valued at $4,015,307. 8.80% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently modified their holdings of ECPG. Broad Run Investment Management LLC boosted its position in Encore Capital Group by 0.6% during the 2nd quarter. Broad Run Investment Management LLC now owns 2,912,052 shares of the asset manager’s stock worth $116,919,000 after acquiring an additional 17,188 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Encore Capital Group by 1.1% in the 2nd quarter. BlackRock Inc. now owns 2,511,735 shares of the asset manager’s stock valued at $100,846,000 after buying an additional 27,239 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Encore Capital Group by 3.4% in the 2nd quarter. Vanguard Group Inc. now owns 2,199,637 shares of the asset manager’s stock valued at $88,317,000 after buying an additional 71,478 shares during the last quarter. FMR LLC boosted its holdings in shares of Encore Capital Group by 110.6% in the 2nd quarter. FMR LLC now owns 1,298,705 shares of the asset manager’s stock valued at $52,142,000 after buying an additional 682,097 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Encore Capital Group by 2.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,291,569 shares of the asset manager’s stock valued at $57,217,000 after buying an additional 34,858 shares during the last quarter.
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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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