Alpha DNA Investment Management LLC Invests $467,000 in PRA Group, Inc. (NASDAQ:PRAA)

Alpha DNA Investment Management LLC acquired a new position in shares of PRA Group, Inc. (NASDAQ:PRAA - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 22,362 shares of the business services provider's stock, valued at approximately $467,000. Alpha DNA Investment Management LLC owned approximately 0.06% of PRA Group as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of PRAA. Sterling Capital Management LLC lifted its position in shares of PRA Group by 805.8% in the fourth quarter. Sterling Capital Management LLC now owns 1,241 shares of the business services provider's stock worth $26,000 after purchasing an additional 1,104 shares in the last quarter. FMR LLC increased its position in shares of PRA Group by 55.0% in the third quarter. FMR LLC now owns 1,707 shares of the business services provider's stock valued at $38,000 after acquiring an additional 606 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in PRA Group during the fourth quarter worth about $134,000. Headlands Technologies LLC grew its stake in PRA Group by 231.3% in the fourth quarter. Headlands Technologies LLC now owns 7,278 shares of the business services provider's stock valued at $152,000 after purchasing an additional 5,081 shares in the last quarter. Finally, AlphaQuest LLC increased its position in shares of PRA Group by 24.5% during the 4th quarter. AlphaQuest LLC now owns 7,690 shares of the business services provider's stock worth $161,000 after purchasing an additional 1,513 shares during the last quarter. Institutional investors and hedge funds own 97.22% of the company's stock.

PRA Group Stock Up 3.3 %

Shares of NASDAQ PRAA traded up $0.58 during trading hours on Thursday, hitting $18.03. The company had a trading volume of 59,916 shares, compared to its average volume of 298,617. The stock has a market capitalization of $712.17 million, a P/E ratio of 10.07 and a beta of 1.52. PRA Group, Inc. has a 1-year low of $15.94 and a 1-year high of $28.64. The firm's 50 day moving average is $19.66 and its 200-day moving average is $20.82.

PRA Group (NASDAQ:PRAA - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The business services provider reported $0.47 EPS for the quarter, beating analysts' consensus estimates of $0.45 by $0.02. The company had revenue of $293.23 million during the quarter, compared to the consensus estimate of $275.81 million. PRA Group had a net margin of 6.33% and a return on equity of 5.16%. On average, sell-side analysts predict that PRA Group, Inc. will post 2.1 earnings per share for the current year.

PRA Group Profile

PRA Group, Inc, a financial and business services company, engages in the purchase, collection, and management of portfolios of nonperforming loans worldwide. It is involved in the purchase of accounts that are primarily the unpaid obligations of individuals owed to credit originators, which include banks and other types of consumer, retail, and auto finance companies.