27,356 Encore Capital Group Inc $ECPG Shares Sold by Inspire Investing LLC

Key Points

• Inspire Investing LLC reduced its Encore Capital Group stake by 80.3% in the third quarter, selling 27,356 shares and retaining 6,702 shares valued at approximately $633,000.
• Institutional investor activity was mixed, with Robeco more than doubling its position while Carnegie and Nisa modestly increased their holdings; several other investors initiated new positions.
• Analysts remain broadly positive, assigning Encore a consensus “Moderate Buy” rating and an average price target of $103.25. The company also exceeded quarterly earnings and revenue estimates, reporting $2.81 in EPS and $491.87 million in revenue.

Inspire Investing LLC trimmed its stake in Encore Capital Group Inc (NASDAQ:ECPG - Free Report) by 80.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 reporting period.

A number of other institutional investors also recently bought and sold shares of ECPG. Carnegie Investment Counsel raised its stake in Encore Capital Group by 2.3% during the 3rd quarter. Carnegie Investment Counsel now owns 28,030 shares of the asset manager's stock worth $2,647,000 after acquiring an additional 636 shares during the period. Nisa Investment Advisors LLC raised its position in shares of Encore Capital Group by 26.1% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,711 shares of the asset manager's stock valued at $162,000 after purchasing an additional 354 shares during the period. Robeco Institutional Asset Management B.V. lifted its stake in shares of Encore Capital Group by 100.5% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 49,057 shares of the asset manager's stock valued at $4,633,000 after buying an additional 24,589 shares in the last quarter. USA Financial Formulas bought a new position in Encore Capital Group in the 3rd quarter worth $74,000. Finally, Krilogy Financial LLC bought a new stake in Encore Capital Group during the third quarter valued at about $207,000.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on ECPG shares. Northland Securities set a $124.00 price objective on Encore Capital Group in a research note on Tuesday, October 13th. 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. Truist Financial lifted their price target on shares of Encore Capital Group from $105.00 to $112.00 and gave the company a "buy" rating in a report on Thursday, August 6th. Citigroup reissued a "market outperform" rating on shares of Encore Capital Group in a report on Tuesday, August 11th. Finally, Zacks Research cut Encore Capital Group from a "strong-buy" rating to a "hold" rating in a report on Monday, October 5th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $103.25.

Encore Capital Group Stock Performance

Encore Capital Group stock opened at $99.98 on Friday. The company's 50-day moving average price is $99.21 and its 200-day moving average price is $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 cap of $2.12 billion, a PE ratio of 7.57 and a beta of 1.30. Encore Capital Group Inc has a twelve month low of $40.52 and a twelve month high of $105.98.

Encore Capital Group (NASDAQ:ECPG - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The asset manager reported $2.81 EPS for the quarter, beating 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 firm had revenue of $491.87 million during the quarter, compared to the consensus estimate of $455.10 million. During the same quarter last year, the firm earned $2.49 EPS. The firm's revenue for the quarter was up 11.3% compared to the same quarter last year. Encore Capital Group has set its FY 2026 guidance at 13.000-14.000 EPS. On average, equities research analysts forecast that Encore Capital Group Inc will post 13.52 EPS for the current fiscal year.

About Encore Capital Group

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.

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