Hillsdale Investment Management Inc. Acquires 5,700 Shares of Encore Capital Group Inc $ECPG

Hillsdale Investment Management Inc. boosted its holdings in shares of Encore Capital Group Inc (NASDAQ:ECPG) by 4.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 142,838 shares of the asset manager’s stock after acquiring an additional 5,700 shares during the period. Hillsdale Investment Management Inc. owned 0.67% of Encore Capital Group worth $10,016,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Allworth Financial LP increased its stake 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. SG Americas Securities LLC boosted its position in shares of Encore Capital Group by 0.5% in the 4th quarter. SG Americas Securities LLC now owns 66,825 shares of the asset manager’s stock worth $3,632,000 after purchasing an additional 326 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Encore Capital Group by 185.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 717 shares of the asset manager’s stock worth $39,000 after purchasing an additional 466 shares in the last quarter. IFP Advisors Inc boosted its position 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. Finally, Carnegie Investment Counsel grew its stake in shares of Encore Capital Group by 2.2% in the 1st quarter. Carnegie Investment Counsel now owns 27,308 shares of the asset manager’s stock worth $1,915,000 after buying an additional 582 shares during the last quarter.

Insider Buying and Selling at Encore Capital Group

In other news, insider John Yung sold 2,000 shares of the company’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $82.08, for a total transaction of $164,160.00. Following the transaction, the insider directly owned 64,570 shares of the company’s stock, valued at $5,299,905.60. This represents a 3.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 3.00% of the stock is owned by corporate insiders.

Encore Capital Group Price Performance

Shares of ECPG opened at $90.91 on Tuesday. The company has a market capitalization of $1.95 billion, a P/E ratio of 7.05 and a beta of 1.27. 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 firm has a 50 day moving average of $84.06 and a 200 day moving average of $71.70. Encore Capital Group Inc has a twelve month low of $35.67 and a twelve month high of $94.60.

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

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on ECPG shares. Zacks Research lowered Encore Capital Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Wall Street Zen downgraded Encore Capital Group from a “strong-buy” rating to a “hold” rating in a report on Saturday, May 9th. Truist Financial increased their target price on Encore Capital Group from $100.00 to $105.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Citigroup restated a “market outperform” rating on shares of Encore Capital Group in a report on Wednesday, June 17th. Finally, Citizens Jmp lifted 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. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $88.00.

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.