The Manufacturers Life Insurance Company Purchases Shares of 8,313 Encore Capital Group Inc $ECPG

The Manufacturers Life Insurance Company purchased a new stake in Encore Capital Group Inc (NASDAQ:ECPG) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 8,313 shares of the asset manager’s stock, valued at approximately $776,000.

Other institutional investors have also made changes to their positions in the company. L2 Asset Management LLC acquired a new position in shares of Encore Capital Group during the 2nd quarter worth about $274,000. Cibc World Market Inc. acquired a new stake in Encore Capital Group in the 2nd quarter valued at approximately $835,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Encore Capital Group in the 2nd quarter valued at approximately $5,565,000. Globeflex Capital L P bought a new position in Encore Capital Group in the 2nd quarter worth approximately $8,792,000. Finally, Quantbot Technologies LP bought a new position in Encore Capital Group in the 2nd quarter worth approximately $322,000.

Encore Capital Group Price Performance

Shares of ECPG stock opened at $97.30 on Friday. The firm’s 50 day moving average price is $94.97 and its two-hundred day moving average price is $82.52. The company has a debt-to-equity ratio of 3.87, a quick ratio of 0.96 and a current ratio of 0.96. Encore Capital Group Inc has a 52-week low of $39.94 and a 52-week high of $104.98. The stock has a market cap of $2.06 billion, a PE ratio of 7.37 and a beta of 1.27.

Encore Capital Group (NASDAQ:ECPG) last issued its earnings results on Wednesday, August 5th. The asset manager reported $2.81 EPS for the quarter, beating the consensus estimate of $2.67 by $0.14. The company had revenue of $491.87 million during the quarter, compared to analysts’ expectations of $455.10 million. Encore Capital Group had a net margin of 15.86% and a return on equity of 29.83%. The business’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.49 EPS. Encore Capital Group has set its FY 2026 guidance at 13.000-14.000 EPS. As a group, analysts forecast that Encore Capital Group Inc will post 13.52 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ECPG. Citigroup reaffirmed a “market outperform” rating on shares of Encore Capital Group in a research report on Tuesday, August 11th. Weiss Ratings upgraded Encore Capital Group from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, August 3rd. Citizens Jmp upped their price target on Encore Capital Group from $108.00 to $115.00 and gave the company a “market outperform” rating in a report on Wednesday, June 17th. Zacks Research upgraded Encore Capital Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 7th. Finally, Wall Street Zen lowered Encore Capital Group from a “strong-buy” rating to a “hold” rating in a report on Saturday, May 9th. One research analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $89.75.

Insider Activity at Encore Capital Group

In related news, insider John Yung sold 2,000 shares of the company’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $82.08, for a total value of $164,160.00. Following the completion of the sale, the insider owned 64,570 shares in the company, valued at approximately $5,299,905.60. This represents a 3.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 3.00% of the stock is currently owned by company insiders.

About Encore Capital Group

Encore Capital Group, Inc is a global specialty finance company that focuses on the purchase and management of nonperforming consumer receivables. Through its subsidiaries, the company acquires charged-off debt portfolios from credit card issuers, banks, and other financial institutions, and seeks to recover outstanding balances through a combination of customer outreach, payment arrangements, and, where appropriate, legal collection efforts. Encore’s business model emphasizes compliance with regulatory and industry standards to ensure ethical and transparent debt-recovery practices.

Headquartered in San Diego, California, Encore operates across North America and Europe.