Encore Capital Group Inc $ECPG Stock: Robeco Institutional Asset Management B.V. Raises Position

Robeco Institutional Asset Management B.V. grew its position in Encore Capital Group Inc (NASDAQ:ECPG) by 100.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 49,057 shares of the asset manager’s stock after purchasing an additional 24,589 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Encore Capital Group were worth $4,633,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. USA Financial Formulas acquired a new stake in Encore Capital Group during the 3rd quarter worth $74,000. Krilogy Financial LLC acquired a new stake in Encore Capital Group during the 3rd quarter worth $207,000. NorthCrest Asset Manangement LLC acquired a new position in Encore Capital Group in the third quarter valued at $211,000. GAMMA Investing LLC increased its stake in Encore Capital Group by 26.8% in the third quarter. GAMMA Investing LLC now owns 1,339 shares of the asset manager’s stock valued at $126,000 after purchasing an additional 283 shares during the period. Finally, Farther Finance Advisors LLC raised its holdings in shares of Encore Capital Group by 40.4% in the third quarter. Farther Finance Advisors LLC now owns 386 shares of the asset manager’s stock valued at $36,000 after buying an additional 111 shares during the last quarter.

Encore Capital Group Price Performance

Shares of ECPG opened at $97.73 on Friday. Encore Capital Group Inc has a twelve month low of $40.52 and a twelve month high of $105.98. The stock’s 50 day moving average is $99.20 and its two-hundred day moving average is $90.43. The firm has a market capitalization of $2.07 billion, a PE ratio of 7.40 and a beta of 1.30. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 3.87.

Encore Capital Group (NASDAQ:ECPG) last released its earnings results on Wednesday, August 5th. The asset manager reported $2.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.67 by $0.14. The company 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 firm’s quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.49 EPS. Encore Capital Group has set its FY 2026 guidance at 13.000-14.000 EPS. Research analysts anticipate that Encore Capital Group Inc will post 13.52 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ECPG. Weiss Ratings raised Encore Capital Group from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. Truist Financial increased their price target on Encore Capital Group from $105.00 to $112.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Zacks Research downgraded shares of Encore Capital Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. Citigroup restated a “market outperform” rating on shares of Encore Capital Group in a research report on Tuesday, August 11th. Finally, Northland Securities set a $124.00 target price on shares of Encore Capital Group in a research note on Tuesday, October 13th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Encore Capital Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $103.25.

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.