Globeflex Capital L P Takes $8.79 Million Position in Encore Capital Group Inc $ECPG

Globeflex Capital L P acquired a new stake in Encore Capital Group Inc (NASDAQ:ECPG) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 94,244 shares of the asset manager’s stock, valued at approximately $8,792,000. Encore Capital Group accounts for 1.1% of Globeflex Capital L P’s portfolio, making the stock its 18th biggest holding.

Several other hedge funds also recently bought and sold shares of ECPG. IFP Advisors Inc grew its position in shares of Encore Capital Group by 1,729.6% during the 4th quarter. IFP Advisors Inc now owns 494 shares of the asset manager’s stock valued at $27,000 after purchasing an additional 467 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Encore Capital Group by 185.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 717 shares of the asset manager’s stock worth $39,000 after buying an additional 466 shares in the last quarter. USA Financial Formulas bought a new stake in Encore Capital Group during the first quarter valued at $46,000. Allworth Financial LP boosted its stake in Encore Capital Group by 29.1% during the fourth quarter. Allworth Financial LP now owns 1,139 shares of the asset manager’s stock valued at $62,000 after buying an additional 257 shares during the period. Finally, Tower Research Capital LLC TRC increased its stake in Encore Capital Group by 168.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,716 shares of the asset manager’s stock worth $105,000 after acquiring an additional 1,706 shares during the last quarter.

Encore Capital Group Price Performance

Shares of NASDAQ ECPG opened at $101.21 on Monday. Encore Capital Group Inc has a 1 year low of $39.94 and a 1 year high of $104.98. The company has a debt-to-equity ratio of 3.87, a current ratio of 0.96 and a quick ratio of 0.96. The company’s 50-day moving average is $92.20 and its 200 day moving average is $79.77. The stock has a market capitalization of $2.15 billion, a P/E ratio of 7.66 and a beta of 1.27.

Encore Capital Group (NASDAQ:ECPG) last issued its quarterly earnings data on Wednesday, August 5th. The asset manager reported $2.81 EPS for the quarter, topping the consensus estimate of $2.67 by $0.14. The business had revenue of $491.87 million during the quarter, compared to analyst estimates 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 quarterly revenue was up 11.3% compared to the same quarter last year. During the same period last year, the business posted $2.49 earnings per share. Encore Capital Group has set its FY 2026 guidance at 13.000-14.000 EPS. On average, sell-side analysts expect that Encore Capital Group Inc will post 13.52 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on ECPG shares. Weiss Ratings raised shares of Encore Capital Group from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, August 3rd. Citizens Jmp raised their price target on Encore Capital Group from $108.00 to $115.00 and gave the stock a “market outperform” rating in a research report on Wednesday, June 17th. Zacks Research raised Encore Capital Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 7th. Truist Financial boosted their price objective on Encore Capital Group from $105.00 to $112.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Finally, Citigroup reissued a “market outperform” rating on shares of Encore Capital Group in a research note on Tuesday, August 11th. 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 MarketBeat.com, Encore Capital Group currently has a consensus rating of “Buy” and a consensus target price of $89.75.

Insider Activity

In other news, insider John Yung sold 2,000 shares of the stock in a transaction that occurred on 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 transaction, the insider owned 64,570 shares of the company’s stock, valued at approximately $5,299,905.60. This represents a 3.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.00% of the company’s stock.

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.