Globeflex Capital L P Increases Position in Encore Capital Group Inc $ECPG

Globeflex Capital L P boosted its holdings in shares of Encore Capital Group Inc (NASDAQ:ECPG) by 8.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 112,368 shares of the asset manager’s stock after acquiring an additional 9,130 shares during the period. Encore Capital Group accounts for approximately 0.9% of Globeflex Capital L P’s investment portfolio, making the stock its 27th biggest position. Globeflex Capital L P’s holdings in Encore Capital Group were worth $6,107,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. Hillsdale Investment Management Inc. purchased a new stake in shares of Encore Capital Group in the 4th quarter valued at approximately $7,453,000. First Trust Advisors LP grew its stake in shares of Encore Capital Group by 379.7% in the 3rd quarter. First Trust Advisors LP now owns 98,817 shares of the asset manager’s stock valued at $4,125,000 after buying an additional 78,217 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in shares of Encore Capital Group by 476.6% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 92,978 shares of the asset manager’s stock valued at $3,599,000 after buying an additional 76,852 shares during the period. Heartland Advisors Inc. grew its stake in shares of Encore Capital Group by 17.7% in the 3rd quarter. Heartland Advisors Inc. now owns 350,850 shares of the asset manager’s stock valued at $14,644,000 after buying an additional 52,700 shares during the period. Finally, AQR Capital Management LLC grew its stake in shares of Encore Capital Group by 263.0% in the 1st quarter. AQR Capital Management LLC now owns 68,860 shares of the asset manager’s stock valued at $2,361,000 after buying an additional 49,892 shares during the period.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Zacks Research upgraded shares of Encore Capital Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 26th. Wall Street Zen lowered shares of Encore Capital Group from a “strong-buy” rating to a “hold” rating in a report on Saturday, May 9th. Truist Financial upped their price objective on shares of Encore Capital Group from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Weiss Ratings upgraded shares of Encore Capital Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 11th. Finally, Citizens Jmp upped their price objective on shares of Encore Capital Group from $90.00 to $108.00 and gave the stock a “market outperform” rating in a report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $86.25.

Encore Capital Group Price Performance

Encore Capital Group stock opened at $80.60 on Friday. The firm has a market cap of $1.73 billion, a PE ratio of 6.25 and a beta of 1.30. Encore Capital Group Inc has a 52-week low of $35.67 and a 52-week high of $92.64. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 3.90. The company’s 50 day moving average is $78.87 and its two-hundred day moving average is $65.19.

Encore Capital Group (NASDAQ:ECPG) last released its earnings results on Wednesday, May 6th. The asset manager reported $3.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.02 by $0.84. The company had revenue of $475.41 million for the quarter, compared to analyst estimates of $446.26 million. Encore Capital Group had a net margin of 16.00% and a return on equity of 30.70%. The firm’s quarterly revenue was up 21.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.93 EPS. Encore Capital Group has set its FY 2026 guidance at 13.000-13.000 EPS. On average, research analysts expect that Encore Capital Group Inc will post 13.01 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.