Hennessy Advisors Inc. Sells 10,000 Shares of Encore Capital Group Inc $ECPG

Hennessy Advisors Inc. lessened its holdings in Encore Capital Group Inc (NASDAQ:ECPG) by 9.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 101,400 shares of the asset manager’s stock after selling 10,000 shares during the period. Hennessy Advisors Inc.’s holdings in Encore Capital Group were worth $9,576,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Signaturefd LLC raised its position in Encore Capital Group by 185.9% during the third quarter. Signaturefd LLC now owns 366 shares of the asset manager’s stock valued at $35,000 after buying an additional 238 shares during the period. Farther Finance Advisors LLC lifted its stake in Encore Capital Group by 40.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 386 shares of the asset manager’s stock worth $36,000 after acquiring an additional 111 shares in the last quarter. USA Financial Formulas acquired a new stake in Encore Capital Group during the 1st quarter worth about $46,000. Public Employees Retirement System of Ohio acquired a new stake in Encore Capital Group during the 2nd quarter worth about $89,000. Finally, GAMMA Investing LLC grew its stake in Encore Capital Group by 26.8% during the 3rd quarter. GAMMA Investing LLC now owns 1,339 shares of the asset manager’s stock valued at $126,000 after acquiring an additional 283 shares in the last quarter.

Analyst Upgrades and Downgrades

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

Encore Capital Group Price Performance

ECPG opened at $99.98 on Monday. The stock has a market cap of $2.12 billion, a price-to-earnings ratio of 7.57 and a beta of 1.30. Encore Capital Group Inc has a 1 year low of $40.52 and a 1 year high of $105.98. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 3.87. The stock has a fifty day moving average price of $99.21 and a 200 day moving average price of $82.91.

Encore Capital Group (NASDAQ:ECPG) last issued its earnings results on Wednesday, August 5th. The asset manager reported $2.81 earnings per share for the quarter, topping the consensus estimate of $2.67 by $0.14. Encore Capital Group had a return on equity of 29.83% and a net margin of 15.86%. The company had revenue of $491.87 million for the quarter, compared to analyst estimates of $455.10 million. During the same period in the prior year, the firm posted $2.49 EPS. The business’s revenue 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. Analysts forecast that Encore Capital Group Inc will post 13.52 EPS for the current fiscal year.

Encore Capital Group Company 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.