Man Group plc Takes $3.92 Million Position in Encore Capital Group Inc $ECPG

Man Group plc acquired a new stake in shares of Encore Capital Group Inc (NASDAQ:ECPG) during the second quarter, HoldingsChannel reports. The fund acquired 42,053 shares of the asset manager’s stock, valued at approximately $3,923,000.

A number of other hedge funds also recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in Encore Capital Group in the second quarter worth approximately $343,229,000. Heartland Advisors Inc. purchased a new position in shares of Encore Capital Group during the second quarter worth approximately $33,848,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Encore Capital Group by 658.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 334,018 shares of the asset manager’s stock worth $23,421,000 after acquiring an additional 289,964 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of Encore Capital Group by 78.0% in the 4th quarter. AQR Capital Management LLC now owns 412,498 shares of the asset manager’s stock worth $22,419,000 after acquiring an additional 180,733 shares during the last quarter. Finally, Hillsdale Investment Management Inc. purchased a new stake in shares of Encore Capital Group in the 4th quarter valued at $7,453,000.

Insider Buying and Selling at Encore Capital Group

In related news, insider John Yung sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $82.08, for a total value of $164,160.00. Following the sale, the insider directly owned 64,570 shares of the company’s stock, valued at $5,299,905.60. This trade represents a 3.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 3.00% of the company’s stock.

Encore Capital Group Stock Performance

NASDAQ:ECPG opened at $98.94 on Monday. The firm has a market capitalization of $2.10 billion, a P/E ratio of 7.49 and a beta of 1.27. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 3.87. The company has a fifty day moving average of $94.05 and a 200 day moving average of $81.34. Encore Capital Group Inc has a 52 week low of $39.94 and a 52 week high of $104.98.

Encore Capital Group (NASDAQ:ECPG) last announced its quarterly earnings results on Wednesday, August 5th. The asset manager reported $2.81 earnings per share (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 business had revenue of $491.87 million for the quarter, compared to analyst estimates of $455.10 million. During the same quarter last year, the firm earned $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 predict that Encore Capital Group Inc will post 13.52 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ECPG has been the topic of several recent research reports. Citizens Jmp increased their target price on shares of Encore Capital Group from $108.00 to $115.00 and gave the company a “market outperform” rating in a report on Wednesday, June 17th. Citigroup reissued a “market outperform” rating on shares of Encore Capital Group in a research note on Tuesday, August 11th. Wall Street Zen lowered Encore Capital Group from a “strong-buy” rating to a “hold” rating in a research note on Saturday, May 9th. Zacks Research upgraded Encore Capital Group from a “hold” rating to a “strong-buy” rating in a report on Friday, August 7th. Finally, Weiss Ratings upgraded Encore Capital Group from a “hold (c)” rating to a “buy (b-)” rating in a research report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $89.75.

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.