Pra Group Inc (NASDAQ:PRAA) Director Geir Olsen acquired 143,000 shares of the stock in a transaction dated Friday, March 17th. The stock was acquired at an average cost of $34.84 per share, with a total value of $4,982,120.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Shares of Pra Group Inc (NASDAQ:PRAA) traded down 1.47% during mid-day trading on Monday, reaching $33.55. The company had a trading volume of 378,002 shares. The firm has a 50-day moving average of $38.16 and a 200-day moving average of $35.54. The company has a market capitalization of $1.56 billion, a P/E ratio of 18.33 and a beta of 1.49. Pra Group Inc has a 12-month low of $21.93 and a 12-month high of $42.70.
Pra Group (NASDAQ:PRAA) last posted its quarterly earnings results on Tuesday, February 28th. The company reported ($0.33) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by $1.01. Pra Group had a net margin of 15.87% and a return on equity of 17.26%. The business had revenue of $155.26 million for the quarter, compared to analysts’ expectations of $221.22 million. During the same quarter in the previous year, the company earned $0.86 earnings per share. The business’s quarterly revenue was down 32.6% on a year-over-year basis. On average, equities analysts anticipate that Pra Group Inc will post $2.58 earnings per share for the current fiscal year.
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Hedge funds have recently bought and sold shares of the stock. Commerce Bank acquired a new stake in Pra Group during the third quarter valued at about $236,000. Hood River Capital Management LLC acquired a new stake in Pra Group during the third quarter valued at about $13,029,000. Aperio Group LLC raised its stake in Pra Group by 34.2% in the third quarter. Aperio Group LLC now owns 11,981 shares of the company’s stock valued at $414,000 after buying an additional 3,051 shares during the last quarter. First Trust Advisors LP raised its stake in Pra Group by 28.2% in the third quarter. First Trust Advisors LP now owns 73,659 shares of the company’s stock valued at $2,544,000 after buying an additional 16,194 shares during the last quarter. Finally, Jensen Investment Management Inc. raised its stake in Pra Group by 7.1% in the third quarter. Jensen Investment Management Inc. now owns 16,320 shares of the company’s stock valued at $564,000 after buying an additional 1,080 shares during the last quarter.
Separately, Zacks Investment Research raised Pra Group from a “strong sell” rating to a “hold” rating in a research report on Friday, March 3rd. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $37.00.
Pra Group Company Profile
PRA Group, Inc (PRA Group), formerly Portfolio Recovery Associates, Inc, is a financial and business services company with operations in the Americas and Europe. The Company is engaged in the acquisition and collection of nonperforming loans in the Americas and Europe. Its business focuses upon the acquisition, collection, and processing of both unpaid and normal-course accounts receivable originally owed to credit grantors, government entities and others.
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