1 week Ago By Defense World Staff
Corebridge Financial Inc. trimmed its position in shares of Encore Capital Group, Inc. (NASDAQ:ECPG – Free Report) by 7.
2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,485 shares of the asset manager’s stock after selling 975 shares during the quarter. Corebridge Financial Inc.
owned approximately 0.05% of Encore Capital Group worth $596,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Other large investors have also made changes to their positions in the company.
Vanguard Group Inc. lifted its stake in Encore Capital Group by 0.6% in the fourth quarter.
Vanguard Group Inc. now owns 2,588,969 shares of the asset manager’s stock valued at $123,675,000 after acquiring an additional 16,663 shares during the last quarter. LPL Financial LLC raised its holdings in shares of Encore Capital Group by 11.
6% during the 4th quarter. LPL Financial LLC now owns 10,668 shares of the asset manager’s stock valued at $510,000 after purchasing an additional 1,111 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Encore Capital Group in the 4th quarter valued at $248,000.
American Century Companies Inc. boosted its holdings in Encore Capital Group by 8.9% in the fourth quarter.
American Century Companies Inc. now owns 45,945 shares of the asset manager’s stock worth $2,195,000 after purchasing an additional 3,758 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new position in Encore Capital Group during the fourth quarter worth $150,000.
Insider Buying and SellingIn other news, CEO Ashish Masih bought 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The shares were acquired at an average cost of $35.14 per share, with a total value of $702,800.
00. Following the completion of the transaction, the chief executive officer now directly owns 322,254 shares in the company, valued at $11,324,005.56.
This represents a 6.62 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Also, Director Ashwini Gupta purchased 40,000 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were purchased at an average price of $35.10 per share, for a total transaction of $1,404,000.
00. Following the completion of the purchase, the director now directly owns 96,909 shares of the company’s stock, valued at approximately $3,401,505.90.
This trade represents a 70.29 % increase in their ownership of the stock. The disclosure for this purchase can be found here.
2.63% of the stock is currently owned by insiders. Wall Street Analyst Weigh InA number of brokerages have weighed in on ECPG.
Truist Financial reduced their price target on Encore Capital Group from $64.00 to $57.00 and set a “buy” rating for the company in a research report on Thursday, February 27th.
StockNews.com lowered Encore Capital Group from a “hold” rating to a “sell” rating in a report on Friday. Finally, Northland Securities increased their price target on Encore Capital Group from $58.
00 to $66.00 and gave the company an “outperform” rating in a report on Monday, December 23rd. One research analyst has rated the stock with a sell rating, three have issued a buy rating and one has assigned a strong buy rating to the company.
Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $62.67.View Our Latest Research Report on ECPGEncore Capital Group Trading Down 5.
3 %Encore Capital Group stock opened at $29.65 on Tuesday. Encore Capital Group, Inc.
has a 52 week low of $29.43 and a 52 week high of $51.77.
The company has a debt-to-equity ratio of 3.39, a quick ratio of 1.11 and a current ratio of 1.
11. The firm has a market capitalization of $702.44 million, a PE ratio of -3.
78 and a beta of 1.58. The business’s 50-day simple moving average is $41.
29 and its 200-day simple moving average is $45.34. Encore Capital Group (NASDAQ:ECPG – Get Free Report) last released its earnings results on Wednesday, February 26th.
The asset manager reported $1.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.55 by ($0.
05). Encore Capital Group had a negative net margin of 13.91% and a positive return on equity of 12.
70%. The business had revenue of $265.62 million during the quarter, compared to analyst estimates of $373.
40 million. Equities research analysts forecast that Encore Capital Group, Inc. will post 5.
09 earnings per share for the current year. Encore Capital Group Profile (Free Report)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.
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