Caxton Associates LLP Sells 8,167 Shares of Encore Capital Group Inc $ECPG

Caxton Associates LLP trimmed its stake in Encore Capital Group Inc (NASDAQ:ECPG) by 31.9% during the first quarter, HoldingsChannel.com reports. The fund owned 17,430 shares of the asset manager’s stock after selling 8,167 shares during the quarter. Caxton Associates LLP’s holdings in Encore Capital Group were worth $1,222,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Sei Investments Co. lifted its holdings in shares of Encore Capital Group by 5.5% during the first quarter. Sei Investments Co. now owns 30,631 shares of the asset manager’s stock valued at $2,148,000 after acquiring an additional 1,604 shares during the period. State of Wyoming grew its holdings in shares of Encore Capital Group by 25.8% in the 1st quarter. State of Wyoming now owns 8,491 shares of the asset manager’s stock worth $595,000 after purchasing an additional 1,741 shares during the last quarter. Cetera Investment Advisers bought a new stake in shares of Encore Capital Group in the 1st quarter worth about $225,000. First Trust Advisors LP increased its position in shares of Encore Capital Group by 28.5% during the 1st quarter. First Trust Advisors LP now owns 7,279 shares of the asset manager’s stock worth $510,000 after purchasing an additional 1,614 shares in the last quarter. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Encore Capital Group during the 1st quarter worth about $165,000.

Encore Capital Group Trading Up 5.3%

NASDAQ ECPG opened at $90.15 on Friday. The stock has a 50-day simple moving average of $85.34 and a 200 day simple moving average of $73.74. The company has a market capitalization of $1.93 billion, a PE ratio of 6.99 and a beta of 1.27. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 3.90. 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 posted its earnings results on Wednesday, May 6th. The asset manager reported $3.86 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $446.26 million. During the same period last year, the business posted $1.93 earnings per share. The business’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. Research analysts forecast that Encore Capital Group Inc will post 13.01 EPS for the current year.

Insider Activity

In other news, insider John Yung sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $82.08, for a total value of $164,160.00. Following the completion of the transaction, the insider owned 64,570 shares in the company, 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 Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 3.00% of the company’s stock.

Analyst Upgrades and Downgrades

ECPG has been the topic of several research analyst reports. Zacks Research cut shares of Encore Capital Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Citigroup reissued a “market outperform” rating on shares of Encore Capital Group in a report on Wednesday, June 17th. Truist Financial increased their price target on Encore Capital Group from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Weiss Ratings cut Encore Capital Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 8th. Finally, Citizens Jmp raised their price objective on shares of Encore Capital Group from $108.00 to $115.00 and gave the company a “market outperform” rating in a research report on Wednesday, June 17th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Encore Capital Group has an average rating of “Moderate Buy” and a consensus target price of $88.00.

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.