34,756 Shares in Encore Capital Group Inc $ECPG Bought by Meeder Asset Management Inc.

Meeder Asset Management Inc. bought a new stake in shares of Encore Capital Group Inc (NASDAQ:ECPG) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 34,756 shares of the asset manager’s stock, valued at approximately $3,242,000. Meeder Asset Management Inc. owned approximately 0.16% of Encore Capital Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Hillsdale Investment Management Inc. bought a new position in Encore Capital Group during the fourth quarter valued at approximately $7,453,000. Assenagon Asset Management S.A. lifted its position in Encore Capital Group by 380.5% during the second quarter. Assenagon Asset Management S.A. now owns 56,105 shares of the asset manager’s stock valued at $5,234,000 after purchasing an additional 44,429 shares in the last quarter. Wakefield Asset Management LLLP purchased a new position in shares of Encore Capital Group during the 4th quarter valued at about $1,234,000. Renaissance Technologies LLC boosted its position in shares of Encore Capital Group by 195.7% in the first quarter. Renaissance Technologies LLC now owns 20,700 shares of the asset manager’s stock worth $1,451,000 after purchasing an additional 13,700 shares during the period. Finally, CWM LLC boosted its holdings in Encore Capital Group by 99.6% in the 4th quarter. CWM LLC now owns 25,045 shares of the asset manager’s stock worth $1,361,000 after buying an additional 12,499 shares during the period.

Encore Capital Group Stock Down 1.4%

ECPG stock opened at $102.21 on Wednesday. Encore Capital Group Inc has a 52 week low of $39.94 and a 52 week high of $104.98. The firm has a 50-day simple moving average of $91.03 and a 200-day simple moving average of $78.82. 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 stock has a market capitalization of $2.17 billion, a P/E ratio of 7.74 and a beta of 1.27.

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

Insider Transactions at Encore Capital Group

In other Encore Capital Group news, insider John Yung sold 2,000 shares of the stock in a transaction that occurred on Wednesday, June 10th. The shares were 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 in the company, valued at $5,299,905.60. This represents a 3.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 3.00% of the company’s stock.

Analyst Upgrades and Downgrades

ECPG has been the subject of a number of recent analyst reports. Truist Financial lifted their price target on shares of Encore Capital Group from $105.00 to $112.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Zacks Research upgraded Encore Capital Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 7th. Wall Street Zen downgraded shares of Encore Capital Group from a “strong-buy” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings raised shares of Encore Capital Group from a “hold (c)” rating to a “buy (b-)” rating in a research report on Monday, August 3rd. Finally, Citigroup reiterated a “market outperform” rating on shares of Encore Capital Group in a report on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $89.75.

Encore Capital Group Company 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.