59,652 Shares in Encore Capital Group Inc $ECPG Bought by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Encore Capital Group Inc (NASDAQ:ECPG) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 59,652 shares of the asset manager’s stock, valued at approximately $5,565,000.

Other hedge funds also recently modified their holdings of the company. BlackRock Inc. bought a new position in Encore Capital Group during the 2nd quarter worth $343,229,000. Heartland Advisors Inc. bought a new position in Encore Capital Group in the 2nd quarter valued at approximately $33,848,000. Arrowstreet Capital Limited Partnership boosted its position in Encore Capital Group by 658.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 334,018 shares of the asset manager’s stock worth $23,421,000 after buying an additional 289,964 shares during the period. AQR Capital Management LLC boosted its position in Encore Capital Group by 78.0% during the 4th quarter. AQR Capital Management LLC now owns 412,498 shares of the asset manager’s stock worth $22,419,000 after buying an additional 180,733 shares during the period. Finally, Hillsdale Investment Management Inc. bought a new stake in shares of Encore Capital Group in the 4th quarter valued at about $7,453,000.

Insider Transactions at Encore Capital Group

In other Encore Capital Group news, insider John Yung sold 2,000 shares of the business’s stock in a transaction 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 sale, the insider directly owned 64,570 shares in the company, valued at $5,299,905.60. The trade was a 3.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 3.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

ECPG has been the subject of a number of recent analyst reports. Citigroup reissued a “market outperform” rating on shares of Encore Capital Group in a research report on Tuesday, August 11th. Citizens Jmp raised their target price on 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. Zacks Research upgraded Encore Capital Group from a “hold” rating to a “strong-buy” rating in a report on Friday, August 7th. Wall Street Zen lowered Encore Capital Group from a “strong-buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Truist Financial increased their price objective on shares of Encore Capital Group from $105.00 to $112.00 and gave the stock a “buy” rating in a research report 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 data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $89.75.

Encore Capital Group Stock Up 1.8%

Encore Capital Group stock opened at $101.98 on Friday. The stock has a market cap of $2.16 billion, a PE ratio of 7.72 and a beta of 1.27. The company has a debt-to-equity ratio of 3.87, a quick ratio of 0.96 and a current ratio of 0.96. The firm’s 50-day simple moving average is $93.73 and its 200 day simple moving average is $81.05. Encore Capital Group Inc has a fifty-two week low of $39.94 and a fifty-two week high of $104.98.

Encore Capital Group (NASDAQ:ECPG) last announced its quarterly earnings data on Wednesday, August 5th. The asset manager reported $2.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.67 by $0.14. Encore Capital Group had a return on equity of 29.83% and a net margin of 15.86%.The firm had revenue of $491.87 million during the quarter, compared to the consensus estimate of $455.10 million. During the same quarter in the prior year, the company earned $2.49 EPS. The business’s revenue for the quarter was up 11.3% on a year-over-year basis. Encore Capital Group has set its FY 2026 guidance at 13.000-14.000 EPS. Research analysts predict that Encore Capital Group Inc will post 13.52 EPS for the current fiscal year.

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.