☒
|
Rule 13d-1(b)
|
☐
|
Rule 13d-1(c)
|
☐
|
Rule 13d-1(d)
|
1.
|
NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Broad Run Investment Management, LLC (46-1010523)
|
|
2.
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
☐ (a)
☐ (b)
|
|
3.
|
SEC USE ONLY
|
|
4.
|
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware/USA
|
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
|
5.
|
SOLE VOTING POWER
3,780,985
|
6.
|
SHARED VOTING POWER
0
|
|
7.
|
SOLE DISPOSITIVE POWER
3,830,909
|
|
8.
|
SHARED DISPOSITIVE POWER
0
|
|
9.
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,830,909
|
|
10.
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) ☐
|
|
11.
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
12.3%
|
|
12.
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IA
|
Item 1.
|
(a)
|
Name of Issuer:
|
Encore Capital Group, Inc.
|
||
(b)
|
Address of Issuer's Principal Executive Offices:
|
|
350 Camino De La Reina
|
||
Suite 100
|
||
San Diego, CA 92108
|
||
Item 2.
|
(a)
|
Names of Persons Filing:
|
Broad Run Investment Management, LLC (46-1010523)
|
||
(b)
|
Address of Principal Business Office, or if None, Residence:
|
|
1530 Wilson Blvd, Suite 530
|
||
Arlington, VA 22209
|
||
(c)
|
Citizenship:
|
|
Delaware/USA
|
||
(d)
|
Title of Class of Securities:
|
|
Common Stock, $.01 par value
|
||
(e)
|
CUSIP Number:
|
|
292554102
|
||
(a)
|
☐
|
Broker or dealer registered under Section 15 of the Exchange Act (15 U.S.C. 78c).
|
(b)
|
☐
|
Bank as defined in Section 3(a)(6) of the Exchange Act (15 U.S.C. 78c).
|
(c)
|
☐
|
Insurance company as defined in Section 3(a)(19) of the Exchange Act (15 U.S.C. 78c).
|
(d)
|
☐
|
Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).
|
(e)
|
☒
|
An investment adviser in accordance with s.240.13d-1(b)(1)(ii)(E);
|
(f)
|
☐
|
An employee benefit plan or endowment fund in accordance with s.240.13d-1(b)(1)(ii)(F);
|
(g)
|
☐
|
A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G);
|
(h)
|
☐
|
A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C.1813);
|
(i)
|
☐
|
A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
|
(j)
|
☐
|
Group, in accordance with s.240.13d-1(b)(1)(ii)(J).
|
CUSIP No. 292554102 | ||
Item 4.
|
Ownership.
|
|
Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
|
||
(a)
|
Amount beneficially owned:
|
|
3,830,909
|
||
(b)
|
Percent of class:
|
|
12.3%
|
||
(c)
|
Number of shares as to which the person has:
|
|
(i)
|
Sole power to vote or to direct the vote
|
3,780,985 |
(ii)
|
Shared power to vote or to direct the vote
|
0 |
(iii)
|
Sole power to dispose or to direct the
|
3,830,909 |
disposition of
|
||
(iv)
|
Shared power to dispose or to direct the
|
0 |
disposition of | ||
|
Item 5.
|
Ownership of Five Percent or Less of a Class.
|
Not applicable.
|
|
Item 6.
|
Ownership of More Than Five Percent on Behalf of Another Person.
|
As of December 31, 2019, Hennessy Focus Fund, a series of The Hennessy Funds Trust, an investment company registered under the Investment Company Act of 1940, may be deemed to beneficially own five percent or more of the total shares reported herein.
|
|
Item 7.
|
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
|
Not applicable.
|
|
Item 8.
|
Identification and Classification of Members of the Group.
|
Not applicable.
|
|
Item 9.
|
Notice of Dissolution of Group.
|
Not applicable.
|
|
Item 10.
|
Certification.
|
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having such purpose or effect.
|