Universal Beteiligungs und Servicegesellschaft mbH Invests $5.41 Million in PRA Group, Inc. (NASDAQ:PRAA)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH acquired 262,515 shares of PRA Group, Inc. valued at approximately $5.4 million, now owning 0.66% of the company.
• PRA Group's recent financial results showed an EPS of $0.09, significantly missing the consensus estimate of $0.41, while reporting revenue of $269.62 million.
• Multiple institutions have recently adjusted their positions in PRA Group, with 97.22% of the company's stock now owned by institutional investors.

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in PRA Group, Inc. (NASDAQ:PRAA - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 262,515 shares of the business services provider's stock, valued at approximately $5,413,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.66% of PRA Group at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Mariner LLC increased its stake in PRA Group by 4.8% during the fourth quarter. Mariner LLC now owns 11,175 shares of the business services provider's stock valued at $233,000 after purchasing an additional 515 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in PRA Group by 3.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,061 shares of the business services provider's stock valued at $461,000 after purchasing an additional 779 shares during the last quarter. State of Wyoming increased its stake in PRA Group by 9.0% during the fourth quarter. State of Wyoming now owns 10,255 shares of the business services provider's stock valued at $214,000 after purchasing an additional 850 shares during the last quarter. Hsbc Holdings PLC boosted its holdings in shares of PRA Group by 2.9% during the fourth quarter. Hsbc Holdings PLC now owns 37,900 shares of the business services provider's stock valued at $790,000 after acquiring an additional 1,060 shares during the period. Finally, Sterling Capital Management LLC boosted its holdings in shares of PRA Group by 805.8% during the fourth quarter. Sterling Capital Management LLC now owns 1,241 shares of the business services provider's stock valued at $26,000 after acquiring an additional 1,104 shares during the period. Institutional investors own 97.22% of the company's stock.

Insider Activity

In other PRA Group news, Director Brett Lee Paschke bought 5,000 shares of the stock in a transaction dated Wednesday, May 7th. The stock was bought at an average cost of $13.39 per share, for a total transaction of $66,950.00. Following the completion of the purchase, the director owned 30,056 shares in the company, valued at $402,449.84. This represents a 19.96% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.00% of the company's stock.

PRA Group Price Performance

NASDAQ:PRAA traded down $0.13 during mid-day trading on Thursday, reaching $15.42. The stock had a trading volume of 52,764 shares, compared to its average volume of 390,357. The business's 50 day moving average is $15.04 and its 200 day moving average is $17.99. PRA Group, Inc. has a fifty-two week low of $12.91 and a fifty-two week high of $27.54. The stock has a market cap of $611.36 million, a P/E ratio of 8.60 and a beta of 1.52.

PRA Group (NASDAQ:PRAA - Get Free Report) last announced its earnings results on Monday, May 5th. The business services provider reported $0.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.41 by ($0.32). The company had revenue of $269.62 million for the quarter, compared to the consensus estimate of $288.63 million. PRA Group had a return on equity of 5.09% and a net margin of 6.27%. The firm's revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.09 EPS. Equities analysts expect that PRA Group, Inc. will post 2.1 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently commented on PRAA shares. JMP Securities lowered their target price on PRA Group from $30.00 to $23.00 and set a "market outperform" rating on the stock in a research report on Tuesday, May 6th. Wall Street Zen downgraded shares of PRA Group from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd.

PRA Group Company 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.