ECPG President Bell Ryan B sold 7,500 shares for $517.7K on Mar 2-3; stock at 52-week high.
Bell Ryan B, President and MCM affiliate at Encore Capital Group, executed 5 separate sales totaling 7,500 shares ($517,685.13) over two days at prices ranging from $66.69 to $70.07. The sales reduced his holdings by 13.5% from 55,410 to 47,910 shares. The blended average sale price of $69.02 occurred as the stock was trading at $73.75 (current price), near its 52-week high of $73.75, following a 32% gain over 30 days and 39% over 90 days. The company trades at a P/E of 4.50 with $460.4M quarterly revenue and $74.7M net income. The timing of this liquidation during a sustained uptrend at the 52-week high, combined with the multi-transaction structure and substantial percentage reduction in position, warrants monitoring of subsequent trading patterns and market conditions.