Bessemer Group Inc. Boosts Stock Position in Encore Capital Group Inc $ECPG

Bessemer Group Inc. lifted its stake in shares of Encore Capital Group Inc (NASDAQ:ECPG) by 31.1% in the first quarter, HoldingsChannel reports. The fund owned 135,692 shares of the asset manager’s stock after acquiring an additional 32,189 shares during the period. Bessemer Group Inc.’s holdings in Encore Capital Group were worth $9,515,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. IFP Advisors Inc raised its stake in Encore Capital Group by 1,729.6% during the 4th quarter. IFP Advisors Inc now owns 494 shares of the asset manager’s stock worth $27,000 after acquiring an additional 467 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Encore Capital Group by 185.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 717 shares of the asset manager’s stock valued at $39,000 after purchasing an additional 466 shares in the last quarter. Allworth Financial LP lifted its holdings in Encore Capital Group by 29.1% during the fourth quarter. Allworth Financial LP now owns 1,139 shares of the asset manager’s stock valued at $62,000 after purchasing an additional 257 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Encore Capital Group by 168.9% in the second quarter. Tower Research Capital LLC TRC now owns 2,716 shares of the asset manager’s stock worth $105,000 after purchasing an additional 1,706 shares during the period. Finally, Virtus Advisers LLC bought a new position in shares of Encore Capital Group in the third quarter worth approximately $143,000.

Insider Transactions at Encore Capital Group

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 stock was sold at an average price of $82.08, for a total transaction 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 represents a 3.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.00% of the stock is currently owned by insiders.

Encore Capital Group Stock Performance

Shares of ECPG stock opened at $91.33 on Monday. Encore Capital Group Inc has a 12-month low of $35.67 and a 12-month high of $94.60. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 3.90. The stock’s 50-day moving average price is $84.63 and its 200-day moving average price is $72.70. The stock has a market capitalization of $1.96 billion, a price-to-earnings ratio of 7.09 and a beta of 1.27.

Encore Capital Group (NASDAQ:ECPG) last announced its quarterly earnings results on Wednesday, May 6th. The asset manager reported $3.86 EPS for the quarter, beating analysts’ consensus estimates of $3.02 by $0.84. Encore Capital Group had a return on equity of 30.70% and a net margin of 16.00%.The company had revenue of $475.41 million during the quarter, compared to analyst estimates of $446.26 million. During the same period in the prior year, the company earned $1.93 earnings per share. The firm’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. Equities research analysts predict that Encore Capital Group Inc will post 13.01 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently commented on ECPG shares. Zacks Research downgraded shares of Encore Capital Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Citigroup restated a “market outperform” rating on shares of Encore Capital Group in a research note on Wednesday, June 17th. 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. 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 note on Thursday, May 7th. Finally, Weiss Ratings cut Encore Capital Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 8th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus 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.