Meeder Asset Management Inc. Acquires Shares of 34,756 Encore Capital Group Inc $ECPG

Meeder Asset Management Inc. bought a new position in shares of Encore Capital Group Inc (NASDAQ:ECPG) during the 2nd quarter, Holdings Channel reports. The fund bought 34,756 shares of the asset manager’s stock, valued at approximately $3,242,000.

A number of other institutional investors and hedge funds have also modified their holdings of ECPG. BlackRock Inc. acquired a new stake in shares of Encore Capital Group in the second quarter valued at approximately $343,229,000. Pallas Capital Advisors LLC purchased a new stake in shares of Encore Capital Group in the second quarter valued at $331,000. Bank of New York Mellon Corp purchased a new stake in Encore Capital Group in the 2nd quarter valued at about $11,664,000. State of Wyoming purchased a new stake in Encore Capital Group in the second quarter valued at approximately $420,000. Finally, GSA Capital Partners LLP acquired a new stake in shares of Encore Capital Group during the 2nd quarter worth $367,000.

Analyst Ratings Changes

Several research firms have recently issued reports on ECPG. Truist Financial increased their price objective on shares of Encore Capital Group from $105.00 to $112.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Citigroup restated a “market outperform” rating on shares of Encore Capital Group in a report on Tuesday, August 11th. Weiss Ratings raised shares of Encore Capital Group from a “hold (c)” rating to a “buy (b-)” rating in a research report on Monday, August 3rd. Zacks Research raised Encore Capital Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 7th. Finally, Wall Street Zen lowered shares of Encore Capital Group from a “strong-buy” rating to a “hold” rating in a research note on Saturday, May 9th. One analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $89.75.

Encore Capital Group Price Performance

NASDAQ ECPG opened at $102.21 on Wednesday. Encore Capital Group Inc has a 1 year low of $39.94 and a 1 year high of $104.98. The stock has a market capitalization of $2.17 billion, a P/E ratio of 7.74 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. The business’s fifty day moving average is $91.03 and its two-hundred day moving average is $78.82.

Encore Capital Group (NASDAQ:ECPG) last posted its quarterly earnings data on Wednesday, August 5th. The asset manager reported $2.81 EPS 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 firm had revenue of $491.87 million during the quarter, compared to analyst estimates of $455.10 million. During the same quarter last year, the business posted $2.49 EPS. The company’s revenue 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. On average, research analysts forecast that Encore Capital Group Inc will post 13.52 earnings per share for the current fiscal year.

Insider Activity at Encore Capital Group

In other Encore Capital Group news, insider John Yung sold 2,000 shares of the stock in a transaction on Wednesday, June 10th. The shares were 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. 3.00% of the stock is currently owned by company insiders.

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.