Globeflex Capital L P Has $6.74 Million Stake in Encore Capital Group Inc $ECPG

Globeflex Capital L P lowered its holdings in Encore Capital Group Inc (NASDAQ:ECPG) by 14.5% in the first quarter, Holdings Channel reports. The firm owned 96,072 shares of the asset manager’s stock after selling 16,296 shares during the quarter. Encore Capital Group comprises about 1.0% of Globeflex Capital L P’s holdings, making the stock its 23rd biggest position. Globeflex Capital L P’s holdings in Encore Capital Group were worth $6,737,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. AQR Capital Management LLC lifted its position in Encore Capital Group by 78.0% during the 4th quarter. AQR Capital Management LLC now owns 412,498 shares of the asset manager’s stock worth $22,419,000 after buying an additional 180,733 shares in the last quarter. Heartland Advisors Inc. raised its holdings in Encore Capital Group by 0.7% during the first quarter. Heartland Advisors Inc. now owns 388,425 shares of the asset manager’s stock worth $27,236,000 after acquiring an additional 2,595 shares in the last quarter. Barclays PLC boosted its position in Encore Capital Group by 11.8% during the fourth quarter. Barclays PLC now owns 371,916 shares of the asset manager’s stock valued at $20,214,000 after purchasing an additional 39,214 shares during the last quarter. Bridgeway Capital Management LLC boosted its position in Encore Capital Group by 2.4% during the fourth quarter. Bridgeway Capital Management LLC now owns 170,002 shares of the asset manager’s stock valued at $9,240,000 after purchasing an additional 3,951 shares during the last quarter. Finally, Jane Street Group LLC grew its stake in Encore Capital Group by 488.1% in the fourth quarter. Jane Street Group LLC now owns 154,128 shares of the asset manager’s stock valued at $8,377,000 after purchasing an additional 127,920 shares in the last quarter.

Encore Capital Group Price Performance

NASDAQ:ECPG opened at $88.21 on Thursday. 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 stock’s 50 day moving average price is $85.09 and its two-hundred day moving average price is $73.42. The firm has a market capitalization of $1.89 billion, a price-to-earnings ratio of 6.84 and a beta of 1.27. Encore Capital Group Inc has a 12-month low of $35.67 and a 12-month high of $94.60.

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

Wall Street Analyst Weigh In

Several research firms have weighed in on ECPG. Zacks Research lowered Encore Capital Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Truist Financial increased their price objective on Encore Capital Group from $100.00 to $105.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Weiss Ratings cut shares of Encore Capital Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 8th. Citigroup restated a “market outperform” rating on shares of Encore Capital Group in a report on Wednesday, June 17th. Finally, 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. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Encore Capital Group presently has an average rating of “Moderate Buy” and a consensus target price of $88.00.

Insider Activity at Encore Capital Group

In other news, insider John Yung sold 2,000 shares of the stock in a transaction dated 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 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 Securities & Exchange Commission, which can be accessed through this link. 3.00% of the stock is currently owned by corporate 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.