Ieq Capital LLC Takes $5.57 Million Position in Encore Capital Group Inc $ECPG

Ieq Capital LLC purchased a new stake in Encore Capital Group Inc (NASDAQ:ECPGFree Report) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 59,694 shares of the asset manager’s stock, valued at approximately $5,569,000.

Other institutional investors have also recently bought and sold shares of the company. Assenagon Asset Management S.A. raised its stake in Encore Capital Group by 380.5% during the 2nd quarter. Assenagon Asset Management S.A. now owns 56,105 shares of the asset manager’s stock valued at $5,234,000 after purchasing an additional 44,429 shares during the period. Hillsdale Investment Management Inc. purchased a new position in shares of Encore Capital Group during the fourth quarter valued at $7,453,000. Wakefield Asset Management LLLP purchased a new position in shares of Encore Capital Group during the fourth quarter valued at $1,234,000. Renaissance Technologies LLC raised its position in Encore Capital Group by 195.7% during the first quarter. Renaissance Technologies LLC now owns 20,700 shares of the asset manager’s stock valued at $1,451,000 after buying an additional 13,700 shares during the period. Finally, CWM LLC raised its position in Encore Capital Group by 99.6% during the fourth quarter. CWM LLC now owns 25,045 shares of the asset manager’s stock valued at $1,361,000 after buying an additional 12,499 shares during the period.

Encore Capital Group Price Performance

ECPG stock opened at $101.21 on Monday. The firm has a market cap of $2.15 billion, a PE ratio of 7.66 and a beta of 1.27. Encore Capital Group Inc has a 1 year low of $39.94 and a 1 year high of $104.98. The company has a fifty day simple moving average of $92.20 and a 200 day simple moving average of $79.77. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 3.87.

Encore Capital Group (NASDAQ:ECPGGet Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The asset manager reported $2.81 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $491.87 million during the quarter, compared to analysts’ expectations of $455.10 million. During the same period in the previous year, the company earned $2.49 earnings per share. Encore Capital Group’s revenue for the quarter was up 11.3% on a year-over-year basis. Encore Capital Group has set its FY 2026 guidance at 13.000-14.000 EPS. Sell-side analysts anticipate that Encore Capital Group Inc will post 13.52 EPS for the current fiscal year.

Insider Buying and Selling

In related 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 value 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 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 this hyperlink. 3.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on ECPG shares. Zacks Research upgraded Encore Capital Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 7th. Citigroup restated a “market outperform” rating on shares of Encore Capital Group in a report on Tuesday, August 11th. 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. Citizens Jmp upped 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 note on Wednesday, June 17th. Finally, Wall Street Zen downgraded shares of Encore Capital Group from a “strong-buy” rating to a “hold” rating in a research report on Saturday, May 9th. One research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, Encore Capital Group presently has a consensus rating of “Buy” and an average target price of $89.75.

View Our Latest Report on ECPG

About Encore Capital Group

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Encore Capital Group (NASDAQ:ECPG)

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