Geir Olsen buys 11,750 shares of PRA Group, Inc. (NASDAQ:PRAA)

PRA Group, Inc. (NASDAQ:PRAA – Get Your Free Report ) Director Geir Olsen purchased 11,750 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The stock was bought at an average price of $21.39 per share, for a total transaction of $251,332.50. Following the purchase, the director now directly owns 11,750 shares in the company, valued at $251,332.50. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

PRA Group stocks down 4.3%

Shares of PRA Group stock opened at $22.37 on Friday. The company has a market cap of $880.26 million, a P/E ratio of -41.43 and a beta of 1.48. The stock’s 50-day moving average is $21.41 and its 200-day moving average is $23.40. PRA Group, Inc. has a 12-month low of $11.85 and a 12-month high of $31.43.

PRA Group (NASDAQ:PRAA – Get Your Free Report ) last posted its quarterly earnings data on Monday, August 5th. The business services provider reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.46. The business had revenue of $284.20 million for the quarter, compared to analysts’ expectations of $245.04 million. PRA Group had a return on equity of 0.33% and a net margin of 0.40%. The company’s quarterly revenue was up 35.9% year over year. During the same period in the previous year, the firm posted EPS of ($0.10). As a group, equities analysts expect PRA Group, Inc. to record 0.7 EPS for the current year.

Analyst upgrades and downgrades

Several research firms recently weighed in on PRAA. StockNews.com upgraded PRA Group from a “hold” rating to a “buy” rating in a research note on Wednesday. JMP Securities restated a “market outperform” rating and issued a $33.00 target price on shares of PRA Group in a research note on Tuesday, May 7th.

Read our latest research report on PRAA

Hedge funds influence PRA Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its position in PRA Group by 1.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,743,076 shares of the business services provider’s stock valued at $34,268,000 after acquiring an additional 20,519 shares during the last quarter. Global Alpha Capital Management Ltd. raised its position in PRA Group by 5.4% in the first quarter. Global Alpha Capital Management Ltd. now owns 1,708,015 shares of the business services provider’s stock valued at $44,545,000 after purchasing an additional 86,800 shares during the last quarter. William Blair Investment Management LLC lifted its position in PRA Group by 0.3% in the first quarter. William Blair Investment Management LLC now owns 1,061,093 shares of the business services provider’s stock valued at $27,673,000 after purchasing an additional 2,864 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in PRA Group by 13.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 666,396 shares of the business services provider’s stock valued at $17,460,000 after purchasing an additional 77,819 shares in the last quarter. Finally, Wilbanks Smith & Thomas Asset Management LLC boosted its holdings in shares of PRA Group by 192.2% during the 4th quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 293,583 shares of the business services provider’s stock valued at $7,692,000 after buying an additional 193,117 shares during the period. 97.22% of shares are held by institutional investors.

PRA Group company profile

(Get a free report)

PRA Group, Inc, a financial and business services company, engages in the acquisition, collection and management of NPL portfolios worldwide. It is involved in the acquisition of accounts that are primarily unpaid obligations of individuals owed to credit issuers, which include banks and other types of consumer, retail and auto finance companies.

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