Inspire Investing LLC Sells 27,356 Shares of Encore Capital Group Inc $ECPG

Inspire Investing LLC cut its position in shares of Encore Capital Group Inc (NASDAQ:ECPG) by 80.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,702 shares of the asset manager’s stock after selling 27,356 shares during the period. Inspire Investing LLC’s holdings in Encore Capital Group were worth $633,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ECPG. Farther Finance Advisors LLC lifted its stake in Encore Capital Group by 40.4% in the third quarter. Farther Finance Advisors LLC now owns 386 shares of the asset manager’s stock worth $36,000 after purchasing an additional 111 shares during the last quarter. USA Financial Formulas bought a new position in Encore Capital Group in the 1st quarter valued at $46,000. Public Employees Retirement System of Ohio purchased a new stake in Encore Capital Group in the second quarter worth $89,000. GAMMA Investing LLC lifted its position in shares of Encore Capital Group by 26.8% during the third quarter. GAMMA Investing LLC now owns 1,339 shares of the asset manager’s stock worth $126,000 after purchasing an additional 283 shares during the last quarter. Finally, Allworth Financial LP purchased a new stake in shares of Encore Capital Group during the second quarter valued at $136,000.

Encore Capital Group Stock Performance

Shares of NASDAQ:ECPG opened at $99.98 on Friday. The firm has a 50 day moving average of $99.21 and a 200 day moving average of $82.91. 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 market capitalization of $2.12 billion, a price-to-earnings ratio of 7.57 and a beta of 1.30. Encore Capital Group Inc has a 52 week low of $40.52 and a 52 week high of $105.98.

Encore Capital Group (NASDAQ:ECPG) last announced its earnings results on Wednesday, August 5th. The asset manager reported $2.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.67 by $0.14. The business had revenue of $491.87 million for the quarter, compared to analysts’ expectations of $455.10 million. Encore Capital Group had a return on equity of 29.83% and a net margin of 15.86%. The business’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same quarter last year, the firm earned $2.49 EPS. Encore Capital Group has set its FY 2026 guidance at 13.000-14.000 EPS. On average, sell-side analysts predict that Encore Capital Group Inc will post 13.52 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

Encore Capital Group Profile

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.