PRA Group Inc. (PRAA) Insider Sells $171,150.00 in Stock
PRA Group Inc. (NASDAQ:PRAA) insider Michael J. Petit sold 5,000 shares of the company’s stock in a transaction dated Friday, October 7th. The shares were sold at an average price of $34.23, for a total transaction of $171,150.00. Following the sale, the insider now directly owns 96,857 shares of the company’s stock, valued at approximately $3,315,415.11. The sale was disclosed in a filing with the SEC, which is available at this link.
PRA Group Inc. (NASDAQ:PRAA) opened at 33.80 on Wednesday. PRA Group Inc. has a 12-month low of $20.00 and a 12-month high of $56.00. The firm has a market capitalization of $1.57 billion, a price-to-earnings ratio of 12.58 and a beta of 1.33. The firm has a 50-day moving average of $32.79 and a 200 day moving average of $29.01.
PRA Group (NASDAQ:PRAA) last released its earnings results on Monday, August 8th. The company reported $0.83 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.83. PRA Group had a net margin of 13.89% and a return on equity of 19.50%. The company earned $228.50 million during the quarter, compared to analysts’ expectations of $227.92 million. During the same quarter last year, the business earned $1.06 EPS. The business’s revenue was down 3.7% on a year-over-year basis. On average, equities analysts predict that PRA Group Inc. will post $2.95 EPS for the current year.
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Several hedge funds have recently added to or reduced their stakes in the company. GW&K Investment Management LLC boosted its stake in shares of PRA Group by 1.3% in the second quarter. GW&K Investment Management LLC now owns 618,097 shares of the company’s stock valued at $14,921,000 after buying an additional 8,138 shares during the period. Nexus Investment Management Inc. boosted its stake in shares of PRA Group by 3.2% in the second quarter. Nexus Investment Management Inc. now owns 371,350 shares of the company’s stock valued at $8,964,000 after buying an additional 11,500 shares during the period. BNP Paribas Arbitrage SA boosted its stake in shares of PRA Group by 99.9% in the second quarter. BNP Paribas Arbitrage SA now owns 14,861 shares of the company’s stock valued at $359,000 after buying an additional 7,427 shares during the period. Avalon Advisors LLC boosted its stake in shares of PRA Group by 13.8% in the first quarter. Avalon Advisors LLC now owns 17,344 shares of the company’s stock valued at $510,000 after buying an additional 2,106 shares during the period. Finally, Envestnet Asset Management Inc. boosted its stake in shares of PRA Group by 33.2% in the first quarter. Envestnet Asset Management Inc. now owns 171,847 shares of the company’s stock valued at $5,051,000 after buying an additional 42,800 shares during the period.
Several analysts recently issued reports on PRAA shares. Zacks Investment Research raised shares of PRA Group from a “sell” rating to a “hold” rating in a research note on Tuesday, August 23rd. William Blair reaffirmed an “outperform” rating on shares of PRA Group in a research note on Tuesday, September 20th. Finally, SunTrust Banks Inc. set a $42.00 price objective on shares of PRA Group and gave the company a “buy” rating in a research note on Tuesday. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $34.20.
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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