110,201 Shares in Encore Capital Group Inc $ECPG Purchased by Empowered Funds LLC

Empowered Funds LLC purchased a new stake in shares of Encore Capital Group Inc (NASDAQ:ECPG) in the 2nd quarter, Holdings Channel reports. The fund purchased 110,201 shares of the asset manager’s stock, valued at approximately $10,281,000.

Other hedge funds have also recently bought and sold shares of the company. IFP Advisors Inc raised its stake 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 worth $27,000 after purchasing an additional 467 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake 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 valued at $39,000 after buying an additional 466 shares in the last quarter. USA Financial Formulas acquired a new position in Encore Capital Group during the first quarter worth $46,000. Allworth Financial LP grew its position in shares of Encore Capital Group by 29.1% in the 4th quarter. Allworth Financial LP now owns 1,139 shares of the asset manager’s stock valued at $62,000 after acquiring an additional 257 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Encore Capital Group in the 2nd quarter valued at about $89,000.

Insider Buying and Selling at Encore Capital Group

In other news, insider John Yung sold 2,000 shares of Encore Capital Group stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $82.08, for a total transaction of $164,160.00. Following the completion of the transaction, the insider directly owned 64,570 shares in the company, valued at approximately $5,299,905.60. This trade represents a 3.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 Stock Down 3.0%

ECPG opened at $98.94 on Friday. The business’s fifty day simple moving average is $94.05 and its 200 day simple moving average is $81.17. Encore Capital Group Inc has a 52 week low of $39.94 and a 52 week 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 stock has a market cap of $2.10 billion, a PE ratio of 7.49 and a beta of 1.27.

Encore Capital Group (NASDAQ:ECPG) last announced its quarterly earnings data on Wednesday, August 5th. The asset manager reported $2.81 earnings per share 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 return on equity of 29.83% and a net margin of 15.86%.Encore Capital Group’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period last year, the firm posted $2.49 EPS. Encore Capital Group has set its FY 2026 guidance at 13.000-14.000 EPS. As a group, research analysts expect that Encore Capital Group Inc will post 13.52 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ECPG. Weiss Ratings raised shares of Encore Capital Group from a “hold (c)” rating to a “buy (b-)” rating in a research report on Monday, August 3rd. Wall Street Zen cut Encore Capital Group from a “strong-buy” rating to a “hold” rating in a report on Saturday, May 9th. Truist Financial raised 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. Zacks Research raised shares of Encore Capital Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 7th. Finally, Citizens Jmp raised their price objective on shares of Encore Capital Group from $108.00 to $115.00 and gave the stock a “market outperform” rating in a report on Wednesday, June 17th. One research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. Based on data from MarketBeat.com, Encore Capital Group currently has a consensus rating of “Buy” and an average price target 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.