Encore Capital Group Inc $ECPG Shares Sold by Hennessy Advisors Inc.

Hennessy Advisors Inc. cut its holdings in Encore Capital Group Inc (NASDAQ:ECPG) by 9.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 101,400 shares of the asset manager’s stock after selling 10,000 shares during the quarter. Hennessy Advisors Inc. owned about 0.48% of Encore Capital Group worth $9,576,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of ECPG. Farther Finance Advisors LLC boosted its position in shares of Encore Capital Group by 40.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 386 shares of the asset manager’s stock valued at $36,000 after purchasing an additional 111 shares in the last quarter. Allworth Financial LP raised its holdings in shares of Encore Capital Group by 12.1% in the 2nd quarter. Allworth Financial LP now owns 1,461 shares of the asset manager’s stock worth $136,000 after purchasing an additional 158 shares in the last quarter. Signaturefd LLC raised its holdings in shares of Encore Capital Group by 185.9% in the 3rd quarter. Signaturefd LLC now owns 366 shares of the asset manager’s stock worth $35,000 after purchasing an additional 238 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Encore Capital Group by 26.8% in the 3rd quarter. GAMMA Investing LLC now owns 1,339 shares of the asset manager’s stock worth $126,000 after purchasing an additional 283 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its stake in Encore Capital Group by 26.1% during the third quarter. Nisa Investment Advisors LLC now owns 1,711 shares of the asset manager’s stock valued at $162,000 after purchasing an additional 354 shares during the last quarter.

Encore Capital Group Stock Performance

Shares of ECPG opened at $99.98 on Monday. The business’s 50-day moving average price is $99.21 and its 200 day moving average price is $82.91. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 3.87. The stock has a market capitalization of $2.12 billion, a P/E ratio of 7.57 and a beta of 1.30. Encore Capital Group Inc has a 1-year low of $40.52 and a 1-year high of $105.98.

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, beating 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 company had revenue of $491.87 million during the quarter, compared to analyst estimates of $455.10 million. During the same period in the prior year, the firm earned $2.49 earnings per share. The business’s quarterly 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. Analysts expect that Encore Capital Group Inc will post 13.52 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ECPG. Citigroup restated a “market outperform” rating on shares of Encore Capital Group in a report on Tuesday, August 11th. Truist Financial upped their price target on Encore Capital Group from $105.00 to $112.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Zacks Research cut Encore Capital Group from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Weiss Ratings upgraded Encore Capital Group from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. Finally, Northland Securities set a $124.00 price objective on Encore Capital Group in a research note on Tuesday, October 13th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Encore Capital Group has a consensus rating of “Moderate Buy” and an average price target of $103.25.

About Encore Capital Group

Encore Capital Group, Inc is a specialty finance company that purchases portfolios of charged-off consumer receivables and provides debt recovery and management services. Through its operating businesses, the company works with consumers to resolve outstanding obligations through payment plans and other repayment arrangements.

Encore serves consumers and creditors across multiple markets, including the United States, the United Kingdom and other European countries. Its major operating platforms include Midland Credit Management in the United States and Cabot Credit Management in Europe.