Large Inflow of Money Witnessed in Encore Capital Group Inc

Encore Capital Group Inc (NASDAQ:ECPG) : On Wednesday, The money flowed into the Encore Capital Group Inc (NASDAQ:ECPG) stock with an uptick to downtick ratio was recorded at 1.88. Transactions worth $0.18 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $0.1 million. The total money flow into the stock was $0.09 million. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $0.01 million of block transactions on upticks. The total money flow in block trades was $0.01 million. In terms of price action, Encore Capital Group Inc (NASDAQ:ECPG) traded down $0.08 during the session at $22.32. Compared to the previous days closing, the stock was down only by -0.36%. For the week, the stock is -4%, over previous weeks closing.


In an insider trading activity, Sorensen Norman R, director of Encore Capital Group Inc, executed a transaction worth $53,160 on March 4, 2016. A total of 2,000 shares were purchased at an average price of $26.58. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered. Currently the company Insiders own 8.69% of Encore Capital Group Inc shares according to the proxy statements. During last six month period, the net percent change held by insiders has seen a change of 10.3%.

The company shares have dropped -48.80% from its 1 Year high price. On Jul 13, 2015, the shares registered one year high at $44.43 and the one year low was seen on Jan 19, 2016. The 50-Day Moving Average price is $25.15 and the 200 Day Moving Average price is recorded at $24.94. Encore Capital Group Inc (NASDAQ:ECPG): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $22.53 and $22.31 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $22.96. The buying momentum continued till the end and the stock did not give up its gains. It closed at $22.78, notching a gain of 1.70% for the day. The total traded volume was 249,021 . The stock had closed at $22.40 on the previous day.

Encore Capital Group, Inc. is a specialty finance company providing debt recovery solutions for consumers and property owners across a range of financial assets. The Company conducts business through two segments: portfolio purchasing and recovery, and tax lien business. The Companys portfolio purchasing and recovery segment purchases portfolios of defaulted consumer receivables at discounts and manages them by partnering with individuals as they repay their obligations and work toward financial recovery. Defaulted receivables are consumers unpaid financial commitments to credit originators, including banks, credit unions, consumer finance companies, commercial retailers and telecommunication companies. Defaulted receivables also include receivables subject to bankruptcy proceedings. It operates tax lien business segment through its subsidiary, Propel Financial Services, LLC, which acquires and services residential and commercial tax liens on real property.

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