94,244 Shares in Encore Capital Group Inc $ECPG Bought by Globeflex Capital L P

Globeflex Capital L P acquired a new stake in Encore Capital Group Inc (NASDAQ:ECPG) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 94,244 shares of the asset manager’s stock, valued at approximately $8,792,000. Encore Capital Group accounts for approximately 1.1% of Globeflex Capital L P’s investment portfolio, making the stock its 18th biggest position. Globeflex Capital L P owned 0.44% of Encore Capital Group as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. BlackRock Inc. bought a new position in Encore Capital Group during the second quarter valued at about $343,229,000. Heartland Advisors Inc. bought a new stake in Encore Capital Group in the second quarter worth about $33,848,000. Arrowstreet Capital Limited Partnership raised its position in Encore Capital Group by 658.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 334,018 shares of the asset manager’s stock worth $23,421,000 after acquiring an additional 289,964 shares during the period. AQR Capital Management LLC boosted its stake in Encore Capital Group by 78.0% in the fourth quarter. AQR Capital Management LLC now owns 412,498 shares of the asset manager’s stock valued at $22,419,000 after acquiring an additional 180,733 shares during the last quarter. Finally, Hillsdale Investment Management Inc. purchased a new position in Encore Capital Group in the fourth quarter valued at about $7,453,000.

Encore Capital Group Price Performance

ECPG opened at $101.21 on Monday. The firm has a 50-day moving average price of $92.20 and a 200-day moving average price of $79.77. Encore Capital Group Inc has a twelve month low of $39.94 and a twelve month high of $104.98. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 3.87. The company has a market capitalization of $2.15 billion, a price-to-earnings ratio of 7.66 and a beta of 1.27.

Encore Capital Group (NASDAQ:ECPG) last announced its quarterly earnings results on Wednesday, August 5th. The asset manager reported $2.81 EPS for the quarter, beating analysts’ consensus estimates of $2.67 by $0.14. The company had revenue of $491.87 million for 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%. Encore Capital Group’s revenue was up 11.3% compared to the same quarter last year. During the same period in the prior year, the company posted $2.49 EPS. Encore Capital Group has set its FY 2026 guidance at 13.000-14.000 EPS. Equities analysts expect that Encore Capital Group Inc will post 13.52 EPS for the current year.

Insider Transactions at Encore Capital Group

In other Encore Capital Group news, insider John Yung sold 2,000 shares of the stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $82.08, for a total transaction of $164,160.00. Following the sale, the insider owned 64,570 shares in the company, valued at $5,299,905.60. This represents a 3.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 3.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

ECPG has been the subject of several research analyst reports. Citizens Jmp raised their price target on shares of Encore Capital Group from $108.00 to $115.00 and gave the stock a “market outperform” rating in a research note on Wednesday, June 17th. Wall Street Zen downgraded Encore Capital Group from a “strong-buy” rating to a “hold” rating in a research note on Saturday, May 9th. Zacks Research raised Encore Capital Group from a “hold” rating to a “strong-buy” rating in a report on Friday, August 7th. Weiss Ratings raised Encore Capital Group from a “hold (c)” rating to a “buy (b-)” rating in a research report on Monday, August 3rd. Finally, Truist Financial boosted their target price on Encore Capital Group from $105.00 to $112.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $89.75.

Encore Capital Group Profile

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.