Ieq Capital LLC Acquires New Position in Encore Capital Group Inc $ECPG

Ieq Capital LLC purchased a new position in Encore Capital Group Inc (NASDAQ:ECPG) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 59,694 shares of the asset manager’s stock, valued at approximately $5,569,000. Ieq Capital LLC owned 0.28% of Encore Capital Group at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. IFP Advisors Inc increased 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 lifted its stake in Encore Capital Group by 185.7% in the 4th 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 stake in Encore Capital Group during the 1st quarter valued at $46,000. Allworth Financial LP grew its holdings in Encore Capital Group by 29.1% during the 4th quarter. Allworth Financial LP now owns 1,139 shares of the asset manager’s stock valued at $62,000 after buying an additional 257 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in Encore Capital Group by 168.9% during the 2nd 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.

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 stock was sold at an average price of $82.08, for a total transaction of $164,160.00. Following the sale, the insider directly owned 64,570 shares in the company, valued at approximately $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 can be accessed through the SEC website. Company insiders own 3.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Weiss Ratings raised shares of Encore Capital Group from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, August 3rd. 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 research report on Thursday, August 6th. Wall Street Zen lowered shares of Encore Capital Group from a “strong-buy” rating to a “hold” rating in a research report on Saturday, May 9th. Citizens Jmp lifted their target price on shares of 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. Finally, Citigroup reiterated a “market outperform” rating on shares of Encore Capital Group in a report on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $89.75.

Encore Capital Group Price Performance

ECPG opened at $101.21 on Monday. Encore Capital Group Inc has a 1 year low of $39.94 and a 1 year high of $104.98. The company’s 50 day simple moving average is $92.20 and its 200 day simple moving average is $79.77. The stock has a market capitalization of $2.15 billion, a PE ratio of 7.66 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 (NASDAQ:ECPG) last released its quarterly earnings data on Wednesday, August 5th. The asset manager reported $2.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.67 by $0.14. Encore Capital Group had a net margin of 15.86% and a return on equity of 29.83%. The company had revenue of $491.87 million during the quarter, compared to analyst estimates of $455.10 million. During the same quarter in the prior year, the business earned $2.49 earnings per share. The business’s quarterly revenue was up 11.3% compared to the same quarter last year. Encore Capital Group has set its FY 2026 guidance at 13.000-14.000 EPS. As a group, sell-side analysts expect that Encore Capital Group Inc will post 13.52 EPS for the current year.

About Encore Capital Group

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.