HAP Trading LLC bought a new stake in shares of Pra Group Inc (NASDAQ:PRAA) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 34,536 shares of the business services provider’s stock, valued at approximately $1,147,000. HAP Trading LLC owned 0.08% of Pra Group as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently bought and sold shares of PRAA. Turtle Creek Asset Management Inc. lifted 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 valued at $170,638,000 after acquiring an additional 1,566,430 shares during the period. Barrow Hanley Mewhinney & Strauss LLC bought a new position in Pra Group during the 3rd quarter valued at about $18,167,000. Investment Counselors of Maryland LLC lifted 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 valued at $17,700,000 after acquiring an additional 488,114 shares during the period. Frontier Capital Management Co. LLC bought a new position in Pra Group during the 4th quarter valued at about $9,500,000. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Pra Group by 8.8% in 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 purchasing an additional 152,883 shares during the period.
Pra Group Inc (PRAA) traded down $1.40 during trading on Wednesday, reaching $38.00. 346,305 shares of the company traded hands, compared to its average volume of 417,711. The stock has a market cap of $1,824.85, a price-to-earnings ratio of 10.73 and a beta of 1.50. Pra Group Inc has a one year low of $25.72 and a one year high of $40.55.
Pra Group (NASDAQ:PRAA) last released its earnings results on Tuesday, February 27th. The business services provider reported $0.36 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.01). Pra Group had a return on equity of 5.83% and a net margin of 19.94%. The firm had revenue of $205.67 million during the quarter, compared to analysts’ expectations of $195.56 million. sell-side analysts expect that Pra Group Inc will post 1.77 EPS for the current fiscal year.
In other Pra Group news, Director Penelope W. Kyle sold 1,975 shares of the stock in a transaction that occurred on Friday, December 29th. The shares were sold at an average price of $33.45, for a total transaction of $66,063.75. Following the completion of the sale, the director now directly owns 36,425 shares of the company’s stock, valued at approximately $1,218,416.25. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 2.10% of the company’s stock.
PRAA has been the topic of several recent research reports. William Blair reiterated an “outperform” rating on shares of Pra Group in a research note on Tuesday, February 20th. Zacks Investment Research cut shares of Pra Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 9th. BidaskClub upgraded shares of Pra Group from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. Oppenheimer initiated coverage on shares of Pra Group in a report on Monday, January 8th. They issued a “hold” rating for the company. Finally, UBS Group initiated coverage on shares of Pra Group in a report on Monday, January 8th. They issued a “market perform” rating for the company. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. Pra Group has an average rating of “Hold” and an average target price of $40.00.
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About Pra Group
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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