1 week Ago By ABMN Staff
Encore Capital Group, Inc. ( NASDAQ:ECPG – Get Free Report ) was the target of a significant increase in short interest during the month of December. As of December 15th, there was short interest totalling 1,590,000 shares, an increase of 8.
9% from the November 30th total of 1,460,000 shares. Based on an average daily trading volume, of 147,600 shares, the short-interest ratio is presently 10.8 days.
Currently, 6.9% of the company’s shares are sold short. Analyst Upgrades and Downgrades Several equities research analysts have commented on the stock.
Northland Capmk raised shares of Encore Capital Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 17th. Northland Securities upped their target price on shares of Encore Capital Group from $58.00 to $66.
00 and gave the company an “outperform” rating in a research note on Monday, December 23rd. StockNews.com raised shares of Encore Capital Group from a “hold” rating to a “buy” rating in a research note on Friday, November 29th.
Finally, JMP Securities upped their target price on shares of 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.
Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Encore Capital Group has an average rating of “Buy” and an average target price of $65.
00. Get Our Latest Report on ECPG Insider Buying and Selling Institutional Inflows and Outflows Institutional investors and hedge funds have recently made changes to their positions in the stock. Huntington National Bank boosted its holdings in shares of Encore Capital Group by 8,700.
0% in the third quarter. Huntington National Bank now owns 528 shares of the asset manager’s stock valued at $25,000 after buying an additional 522 shares during the period. Meeder Asset Management Inc.
acquired a new position in Encore Capital Group during the second quarter worth $33,000. nVerses Capital LLC boosted its holdings in Encore Capital Group by 450.0% during the second 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. KBC Group NV boosted its holdings in Encore Capital Group by 54.9% during the third quarter.
KBC Group NV now owns 1,365 shares of the asset manager’s stock worth $65,000 after purchasing an additional 484 shares during the last quarter. Finally, Systematic Financial Management LP acquired a new position in Encore Capital Group during the third quarter worth $156,000. Encore Capital Group Stock Up 1.
0 % Encore Capital Group stock opened at $47.77 on Thursday. The stock has a market capitalization of $1.
13 billion, a PE ratio of -6.09 and a beta of 1.55.
Encore Capital Group has a twelve month low of $39.64 and a twelve month high of $54.55.
The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 3.
39. The company has a 50 day moving average of $48.18 and a 200-day moving average of $47.
00. Encore Capital Group ( NASDAQ:ECPG – Get Free Report ) last released its quarterly earnings results on Wednesday, November 6th. The asset manager reported $1.
26 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.22).
The company had revenue of $367.07 million during the quarter, compared to analyst estimates of $360.70 million.
Encore Capital Group had a negative net margin of 13.91% and a positive return on equity of 12.70%.
The firm’s quarterly revenue was up 18.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.
79 EPS. On average, equities research analysts anticipate that Encore Capital Group will post 5.09 EPS for the current fiscal year.
Encore Capital Group Company Profile ( Get 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. Featured Stories Receive News & Ratings for Encore Capital Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Encore Capital Group and related companies with MarketBeat.
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