Insider Selling: Pra Group Inc (PRAA) Director Sells 1,975 Shares of Stock

Pra Group Inc (NASDAQ:PRAA) Director Penelope W. Kyle sold 1,975 shares of the company’s stock in a transaction dated Saturday, December 29th. The stock was sold at an average price of $33.45, for a total value 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 filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of Pra Group Inc (PRAA) traded up $0.80 during trading on Wednesday, hitting $34.15. The stock had a trading volume of 340,312 shares, compared to its average volume of 361,900. The firm has a market cap of $1,540.00, a PE ratio of 27.32 and a beta of 1.59. Pra Group Inc has a fifty-two week low of $25.72 and a fifty-two week high of $42.70.

Pra Group (NASDAQ:PRAA) last posted its earnings results on Wednesday, November 8th. The business services provider reported $0.34 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.04). Pra Group had a net margin of 7.57% and a return on equity of 2.98%. The business had revenue of $201.00 million during the quarter, compared to analyst estimates of $196.96 million. During the same quarter in the prior year, the business earned $0.68 earnings per share. The firm’s revenue was down 9.5% compared to the same quarter last year. equities research analysts predict that Pra Group Inc will post 1.38 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Amalgamated Bank increased its position in Pra Group by 2.5% in the 2nd quarter. Amalgamated Bank now owns 6,393 shares of the business services provider’s stock valued at $242,000 after acquiring an additional 154 shares during the period. Advisor Group Inc. increased its position in Pra Group by 3.5% in the 2nd quarter. Advisor Group Inc. now owns 5,829 shares of the business services provider’s stock valued at $221,000 after acquiring an additional 196 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Pra Group by 12.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,829 shares of the business services provider’s stock valued at $107,000 after acquiring an additional 304 shares during the period. Public Employees Retirement System of Ohio increased its position in Pra Group by 10.7% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 3,150 shares of the business services provider’s stock valued at $119,000 after acquiring an additional 305 shares during the period. Finally, D.A. Davidson & CO. increased its position in Pra Group by 5.4% in the 2nd quarter. D.A. Davidson & CO. now owns 8,317 shares of the business services provider’s stock valued at $315,000 after acquiring an additional 426 shares during the period.

A number of research analysts recently commented on the company. Keefe, Bruyette & Woods downgraded Pra Group from an “outperform” rating to a “market perform” rating and increased their price target for the company from $36.00 to $40.00 in a report on Tuesday, October 10th. Janney Montgomery Scott raised Pra Group from a “sell” rating to a “neutral” rating in a report on Thursday, November 9th. Citigroup downgraded Pra Group to an “underperform” rating in a report on Thursday, September 21st. Zacks Investment Research raised Pra Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 21st. Finally, Raymond James Financial reaffirmed an “underperform” rating on shares of Pra Group in a report on Thursday, September 21st. Two analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. The company has an average rating of “Hold” and a consensus 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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