Encore Capital Group (ECPG)
Buys charged-off consumer debt and recovers it through U.S. and European platforms.
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Purchases defaulted consumer receivable portfolios from credit originators, then manages repayment through digital, call-center, legal, and agency channels. Midland Credit Management drives the U.S. business, while Cabot Credit Management anchors Europe under one debt purchasing and recovery segment.
Buys portfolios of defaulted consumer receivables from banks, credit unions, utilities, and other credit originators, then works with consumers as those obligations are repaid. The filing reports one segment: debt purchasing and recovery.
Midland Credit Management is the main U.S. platform, and Cabot Credit Management runs the European credit-management platform. Collections use digital and call-center outreach, legal collections, and outside agencies, with other geographies immaterial to consolidated results.
Execution depends on access to charged-off receivable supply, disciplined portfolio pricing, funding capacity, and consumer-service operations that meet debt-collection and credit-reporting rules. CFPB actions in prior years make compliance practices a structural part of the business model.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Apr 21, 2026 | Truist Financial | Target | Target: — | Target: $100 |
| Jan 22, 2026 | Northland Securities | Target | Target: $58 | Target: $70 |
| Oct 17, 2024 | Northland Capital Markets | Upgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $182.9M · Total debt $4.87B · Total assets $5.57B · Shareholders' equity $1.08B
- Revenue
- $491.9M
- Operating income
- $186.9M
- Net income
- $64.0M
No dividends on record.
| Institutions | ≈ 104.73% | 22.21M shares | |
|---|---|---|---|
| 294 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 5.08% | 1.08M shares | |
| 15 holders · as of Sep 2, 2026 | |||
| Strategic holders | 15.46% | 3.28M shares | |
| 1 holder · as of Feb 2, 2017 | |||
| Adds to | 125.27% | ||
21.21M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
These groups come from separate filings that can overlap, so they add to 125.27%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 17.35% | 3.68M | as of Jun 30, 2026 |
Transforce Inc.Strategic | 15.46% | 3.28M | filed Feb 2, 2017 |
Broad Run Investment Management, LLC (46-1010523)Institution | 9.80% | 2.08M | filed Feb 14, 2022 |
Vanguard Portfolio Management LLCInstitution | 6.18% | 1.31M | as of Jun 30, 2026 |
Dimensional Fund Advisors LPInstitution | 4.94% | 1.05M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 10, 2026 | Andrew Eric Asch | officer: SVP, General Counsel | −774 | $82.08 |
| Jun 9, 2026 | Andrew Eric Asch | officer: SVP, General Counsel | −8,311 | $81.47 |
| Jun 11, 2026 | John Yung | officer: President, Intl. and Cabot | −2,000 | $80.51 |
| Jun 10, 2026 | John Yung | officer: President, Intl. and Cabot | −2,000 | $82.08 |
| Mar 3, 2026 | Ryan B. Bell | officer: President, MCM | −260 | $68.62 |
- PRA Group
Closest public debt-buying peer across the U.S. and Europe
- ACRES Commercial Realty
Smaller European debt manager with NPL and collection overlap
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Encore Capital Group | $95.29 | −3.05% | $2.11B | 7.4 | 6.8 | 1.1 | +11.3% |
| PRA Group | $20.18 | −1.97% | $784.9M | — | 6.0 | 0.6 | +29.4% |
| ACRES Commercial Realty | $12.13 | −2.26% | $88.5M | — | 8.8 | 0.5 | −50.2% |
| Median | — | 7.4 | 0.5 | −10.4% |