Aquatic Capital Management LLC Increases Position in PRA Group, Inc. (NASDAQ:PRAA)

Aquatic Capital Management LLC lifted its stake in PRA Group, Inc. (NASDAQ:PRAA - Free Report) by 780.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,123 shares of the business services provider's stock after purchasing an additional 18,723 shares during the quarter. Aquatic Capital Management LLC owned about 0.05% of PRA Group worth $441,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PRAA. Janney Montgomery Scott LLC purchased a new stake in PRA Group during the 4th quarter valued at about $753,000. Barclays PLC raised its position in PRA Group by 55.0% in the 3rd quarter. Barclays PLC now owns 117,053 shares of the business services provider's stock worth $2,618,000 after buying an additional 41,525 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of PRA Group by 40.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 74,937 shares of the business services provider's stock valued at $1,676,000 after acquiring an additional 21,476 shares during the last quarter. Global Alpha Capital Management Ltd. grew its stake in shares of PRA Group by 4.3% in the fourth quarter. Global Alpha Capital Management Ltd. now owns 1,896,000 shares of the business services provider's stock worth $39,607,000 after acquiring an additional 78,200 shares during the period. Finally, Capital Management Corp VA bought a new position in PRA Group during the fourth quarter valued at approximately $4,659,000. Institutional investors own 97.22% of the company's stock.

PRA Group Trading Up 4.9 %

NASDAQ:PRAA opened at $19.30 on Friday. The company has a market cap of $762.54 million, a PE ratio of 10.78 and a beta of 1.52. The company has a 50 day simple moving average of $19.04 and a two-hundred day simple moving average of $20.69. PRA Group, Inc. has a 12 month low of $15.94 and a 12 month high of $28.64.

PRA Group (NASDAQ:PRAA - Get Free Report) last posted its earnings results on Wednesday, February 19th. The business services provider reported $0.47 earnings per share for the quarter, beating analysts' consensus estimates of $0.45 by $0.02. The company had revenue of $293.23 million for the quarter, compared to the consensus estimate of $275.81 million. PRA Group had a return on equity of 5.16% and a net margin of 6.33%. Research analysts forecast 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.

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