State of Tennessee Treasury Department Acquires 6,667 Shares of Pra Group Inc (PRAA)

State of Tennessee Treasury Department increased its position in Pra Group Inc (NASDAQ:PRAA) by 17.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 44,177 shares of the business services provider’s stock after buying an additional 6,667 shares during the period. State of Tennessee Treasury Department’s holdings in Pra Group were worth $1,464,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Parametric Portfolio Associates LLC increased its stake in Pra Group by 17.4% in the first quarter. Parametric Portfolio Associates LLC now owns 98,625 shares of the business services provider’s stock worth $3,269,000 after buying an additional 14,621 shares during the period. Parkside Financial Bank & Trust increased its stake in Pra Group by 12.6% in the first quarter. Parkside Financial Bank & Trust now owns 3,243 shares of the business services provider’s stock worth $107,000 after buying an additional 364 shares during the period. Ameriprise Financial Inc. increased its stake in Pra Group by 4.8% in the first quarter. Ameriprise Financial Inc. now owns 247,276 shares of the business services provider’s stock worth $8,198,000 after buying an additional 11,316 shares during the period. Wedbush Securities Inc. increased its stake in Pra Group by 6.4% in the first quarter. Wedbush Securities Inc. now owns 8,855 shares of the business services provider’s stock worth $294,000 after buying an additional 530 shares during the period. Finally, Bell Bank increased its stake in Pra Group by 3.0% in the first quarter. Bell Bank now owns 8,153 shares of the business services provider’s stock worth $270,000 after buying an additional 235 shares during the period.

Institutional Ownership by Quarter for Pra Group (NASDAQ:PRAA)

Pra Group Inc (NASDAQ PRAA) opened at 37.00 on Friday. Pra Group Inc has a 1-year low of $21.93 and a 1-year high of $42.70. The stock has a 50 day moving average of $34.82 and a 200 day moving average of $36.14. The stock has a market cap of $1.72 billion, a P/E ratio of 17.03 and a beta of 1.49.

Pra Group (NASDAQ:PRAA) last released its quarterly earnings results on Tuesday, May 9th. The business services provider reported $0.38 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by $0.06. Pra Group had a net margin of 15.87% and a return on equity of 17.26%. The business had revenue of $206.56 million for the quarter, compared to analysts’ expectations of $198.48 million. During the same period in the previous year, the company earned $0.85 EPS. Pra Group’s revenue for the quarter was down 8.1% compared to the same quarter last year. Equities analysts anticipate that Pra Group Inc will post $2.05 EPS for the current fiscal year.

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A number of research firms recently issued reports on PRAA. Keefe, Bruyette & Woods began coverage on shares of Pra Group in a report on Wednesday, May 24th. They set an “outperform” rating and a $40.00 price objective for the company. Zacks Investment Research upgraded shares of Pra Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 2nd. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $38.00.

In other news, Director Geir Olsen bought 143,000 shares of Pra Group stock in a transaction that occurred on Friday, March 17th. The stock was bought at an average cost of $34.84 per share, with a total value of $4,982,120.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Steven C. Roberts sold 11,405 shares of the stock in a transaction that occurred on Friday, March 17th. The stock was sold at an average price of $34.26, for a total transaction of $390,735.30. Following the completion of the sale, the insider now directly owns 19,254 shares of the company’s stock, valued at $659,642.04. The disclosure for this sale can be found here. 1.70% of the stock is owned by corporate insiders.

Pra Group Company 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:PRAA”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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