Louisiana State Employees Retirement System Invests $694,000 in Encore Capital Group Inc $ECPG

Louisiana State Employees Retirement System acquired a new stake in Encore Capital Group Inc (NASDAQ:ECPG) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 9,900 shares of the asset manager’s stock, valued at approximately $694,000.

Other large investors have also modified their holdings of the company. Royal Bank of Canada boosted its position in shares of Encore Capital Group by 97.9% during the 1st quarter. Royal Bank of Canada now owns 33,620 shares of the asset manager’s stock worth $1,153,000 after purchasing an additional 16,634 shares in the last quarter. AQR Capital Management LLC raised its holdings in Encore Capital Group by 263.0% during the first quarter. AQR Capital Management LLC now owns 68,860 shares of the asset manager’s stock worth $2,361,000 after purchasing an additional 49,892 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Encore Capital Group by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,929 shares of the asset manager’s stock worth $477,000 after acquiring an additional 612 shares during the last quarter. Empowered Funds LLC boosted its position in Encore Capital Group by 2.0% during the first quarter. Empowered Funds LLC now owns 90,910 shares of the asset manager’s stock worth $3,116,000 after acquiring an additional 1,806 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Encore Capital Group by 7.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 78,465 shares of the asset manager’s stock worth $2,690,000 after purchasing an additional 5,672 shares during the last quarter.

Insider Activity at Encore Capital Group

In related news, insider John Yung sold 2,000 shares of Encore Capital Group 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 transaction, the insider owned 64,570 shares of the company’s stock, valued at approximately $5,299,905.60. This trade represents a 3.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.00% of the stock is currently owned by corporate insiders.

Encore Capital Group Price Performance

ECPG traded up $0.63 during trading on Tuesday, reaching $90.14. The stock had a trading volume of 12,240 shares, compared to its average volume of 294,090. The stock has a 50 day moving average of $83.33 and a two-hundred day moving average of $70.43. 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 firm has a market capitalization of $1.93 billion, a price-to-earnings ratio of 6.97 and a beta of 1.27. Encore Capital Group Inc has a 1-year low of $35.67 and a 1-year high of $94.60.

Encore Capital Group (NASDAQ:ECPG) last issued its quarterly earnings results on Wednesday, May 6th. The asset manager reported $3.86 earnings per share for the quarter, beating analysts’ consensus estimates of $3.02 by $0.84. Encore Capital Group had a net margin of 16.00% and a return on equity of 30.70%. 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 prior year, the company earned $1.93 EPS. Encore Capital Group’s revenue was up 21.0% on a year-over-year basis. Encore Capital Group has set its FY 2026 guidance at 13.000-13.000 EPS. As a group, equities analysts anticipate that Encore Capital Group Inc will post 13.01 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ECPG has been the subject of a number of recent analyst reports. Wall Street Zen downgraded shares of Encore Capital Group from a “strong-buy” rating to a “hold” rating in a report on Saturday, May 9th. Zacks Research raised shares of Encore Capital Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 26th. Citizens Jmp upped 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 research note on Wednesday, June 17th. Truist Financial boosted their target price on shares of Encore Capital Group from $100.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Finally, Weiss Ratings cut Encore Capital Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, June 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $88.00.

Encore Capital Group 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.