PRA Group Inc. (PRAA) Rating Reiterated by William Blair
PRA Group Inc. (NASDAQ:PRAA)‘s stock had its “outperform” rating reiterated by William Blair in a research note issued on Tuesday.
Several other research firms have also recently weighed in on PRAA. Zacks Investment Research upgraded shares of PRA Group from a “sell” rating to a “hold” rating in a research report on Tuesday, August 23rd. First Analysis began coverage on shares of PRA Group in a research report on Tuesday, June 7th. They issued an “overweight” rating for the company. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $32.25.
Shares of PRA Group (NASDAQ:PRAA) traded down 2.04% during midday trading on Tuesday, hitting $33.59. 397,143 shares of the company traded hands. PRA Group has a 12-month low of $20.00 and a 12-month high of $56.00. The stock has a market capitalization of $1.56 billion, a P/E ratio of 12.50 and a beta of 1.41. The stock’s 50-day moving average is $30.17 and its 200 day moving average is $28.52.
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PRA Group (NASDAQ:PRAA) last posted its quarterly earnings data on Monday, August 8th. The company reported $0.83 earnings per share for the quarter, meeting the consensus estimate of $0.83. The firm earned $228.50 million during the quarter, compared to analysts’ expectations of $227.92 million. PRA Group had a net margin of 13.89% and a return on equity of 19.50%. The company’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.06 EPS. On average, analysts expect that PRA Group will post $2.96 earnings per share for the current year.
In other news, insider Michael J. Petit sold 3,000 shares of PRA Group stock in a transaction that occurred on Friday, July 22nd. The shares were sold at an average price of $28.11, for a total transaction of $84,330.00. Following the completion of the sale, the insider now owns 125,157 shares in the company, valued at approximately $3,518,163.27. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Michael J. Petit sold 8,300 shares of PRA Group stock in a transaction that occurred on Tuesday, August 9th. The stock was sold at an average price of $28.93, for a total transaction of $240,119.00. Following the sale, the insider now owns 116,857 shares of the company’s stock, valued at approximately $3,380,673.01. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Advisor Group Inc. purchased a new position in PRA Group during the second quarter valued at $113,000. PineBridge Investments L.P. raised its position in PRA Group by 3.7% in the second quarter. PineBridge Investments L.P. now owns 5,876 shares of the company’s stock valued at $141,000 after buying an additional 211 shares during the last quarter. Tower Research Capital LLC TRC raised its position in PRA Group by 401.9% in the second quarter. Tower Research Capital LLC TRC now owns 6,244 shares of the company’s stock valued at $151,000 after buying an additional 5,000 shares during the last quarter. Teacher Retirement System of Texas raised its position in PRA Group by 11.7% in the second quarter. Teacher Retirement System of Texas now owns 6,575 shares of the company’s stock valued at $159,000 after buying an additional 688 shares during the last quarter. Finally, Squarepoint Ops LLC raised its position in PRA Group by 28.5% in the first quarter. Squarepoint Ops LLC now owns 8,095 shares of the company’s stock valued at $238,000 after buying an additional 1,795 shares during the last quarter.
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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