HAP Trading LLC purchased a new stake in Pra Group Inc (NASDAQ:PRAA) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 34,536 shares of the business services provider’s stock, valued at approximately $1,147,000.
Other institutional investors have also made changes to their positions in the company. Turtle Creek Asset Management Inc. increased its stake in Pra Group by 35.7% during the 3rd quarter. Turtle Creek Asset Management Inc. now owns 5,955,965 shares of the business services provider’s stock worth $170,638,000 after buying an additional 1,566,430 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in Pra Group during the 3rd quarter worth approximately $18,167,000. Investment Counselors of Maryland LLC increased its stake in Pra Group by 376.4% during the 3rd quarter. Investment Counselors of Maryland LLC now owns 617,790 shares of the business services provider’s stock worth $17,700,000 after buying an additional 488,114 shares in the last quarter. Frontier Capital Management Co. LLC purchased a new stake in Pra Group during the 4th quarter worth approximately $9,500,000. Finally, Dimensional Fund Advisors LP increased its stake in Pra Group by 8.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,897,547 shares of the business services provider’s stock worth $54,366,000 after buying an additional 152,883 shares in the last quarter.
Several research firms have commented on PRAA. BidaskClub upgraded Pra Group from a “sell” rating to a “hold” rating in a research note on Wednesday, January 31st. Zacks Investment Research upgraded Pra Group from a “sell” rating to a “hold” rating in a research note on Wednesday, January 31st. UBS Group began coverage on Pra Group in a research note on Monday, January 8th. They set a “market perform” rating for the company. Oppenheimer began coverage on Pra Group in a research note on Monday, January 8th. They set a “hold” rating for the company. Finally, Janney Montgomery Scott upgraded Pra Group from a “sell” rating to a “neutral” rating in a research note on Thursday, November 9th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. Pra Group presently has a consensus rating of “Hold” and a consensus price target of $40.00.
In other news, Director Penelope W. Kyle sold 1,975 shares of the business’s stock in a transaction that occurred on Friday, December 29th. The stock was sold at an average price of $33.45, for a total transaction of $66,063.75. Following the transaction, the director now directly owns 36,425 shares in the company, valued at approximately $1,218,416.25. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 2.10% of the company’s stock.
Pra Group Inc (PRAA) opened at $36.60 on Tuesday. The firm has a market capitalization of $1,653.19, a P/E ratio of 29.52 and a beta of 1.65. Pra Group Inc has a twelve month low of $25.72 and a twelve month high of $42.70.
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Pra Group Profile
PRA Group, Inc (PRA Group) is a financial and business services company with operations in the Americas and Europe. The Company’s primary business is the purchase, collection and management of portfolios of nonperforming loans. The Company operates through the account receivables management segment. It also provides fee-based services, such as vehicle location, skip tracing and collateral recovery for auto lenders, government entities and law enforcement; revenue administration, audit and revenue discovery/recovery services for local government entities; class action claims recovery services and purchases; servicing of consumer bankruptcy accounts in the United States, and contingent collections of nonperforming loans in Europe and South America.
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