Renaissance Technologies LLC Purchases 13,700 Shares of Encore Capital Group Inc $ECPG

Renaissance Technologies LLC increased its position in Encore Capital Group Inc (NASDAQ:ECPG) by 195.7% in the first quarter, Holdings Channel.com reports. The fund owned 20,700 shares of the asset manager’s stock after purchasing an additional 13,700 shares during the period. Renaissance Technologies LLC’s holdings in Encore Capital Group were worth $1,451,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. IFP Advisors Inc increased its holdings in shares of Encore Capital Group by 1,729.6% in 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 lifted its holdings in shares of Encore Capital Group by 185.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 717 shares of the asset manager’s stock valued at $39,000 after purchasing an additional 466 shares in the last quarter. Allworth Financial LP lifted its holdings in shares of 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 purchasing an additional 257 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Encore Capital Group by 168.9% during the second quarter. Tower Research Capital LLC TRC now owns 2,716 shares of the asset manager’s stock valued at $105,000 after buying an additional 1,706 shares during the last quarter. Finally, Virtus Advisers LLC purchased a new stake in shares of Encore Capital Group during the third quarter valued at $143,000.

Analyst Ratings Changes

A number of brokerages have weighed in on ECPG. Citigroup reissued a “market outperform” rating on shares of Encore Capital Group in a research report on Tuesday. Zacks Research raised shares of Encore Capital Group from a “hold” rating to a “strong-buy” rating in a report on Friday, August 7th. Wall Street Zen lowered shares of Encore Capital Group from a “strong-buy” rating to a “hold” rating in a research note on Saturday, May 9th. Truist Financial boosted their price objective on shares of Encore Capital Group from $105.00 to $112.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Finally, Citizens Jmp increased their price objective on shares of Encore Capital Group from $108.00 to $115.00 and gave the company a “market outperform” rating in a research report on Wednesday, June 17th. One analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $89.75.

Encore Capital Group Stock Up 4.3%

Encore Capital Group stock opened at $97.50 on Thursday. The stock has a market cap of $2.07 billion, a PE ratio of 7.38 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. Encore Capital Group Inc has a one year low of $39.94 and a one year high of $101.79. The stock has a fifty day moving average of $89.31 and a 200 day moving average of $77.48.

Encore Capital Group (NASDAQ:ECPG) last posted its earnings results 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 the consensus estimate 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 was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.49 earnings per share. Encore Capital Group has set its FY 2026 guidance at 13.000-14.000 EPS. As a group, sell-side analysts predict that Encore Capital Group Inc will post 13.52 EPS for the current year.

Insider Buying and Selling at Encore Capital Group

In other news, insider John Yung sold 2,000 shares of the stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $82.08, for a total value of $164,160.00. Following the transaction, the insider owned 64,570 shares in the company, valued at $5,299,905.60. This represents a 3.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.00% of the stock is owned by company insiders.

Encore Capital Group Company 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.