PRA Group, Inc. (NASDAQ:PRAA) Shares Acquired by Capital Management Corp VA

Capital Management Corp VA raised its holdings in shares of PRA Group, Inc. (NASDAQ:PRAA - Free Report) by 58.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 353,371 shares of the business services provider's stock after acquiring an additional 130,360 shares during the quarter. Capital Management Corp VA owned approximately 0.89% of PRA Group worth $7,287,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of PRAA. Sterling Capital Management LLC boosted its stake 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 acquiring an additional 1,104 shares during the period. Quarry LP boosted its stake in shares of PRA Group by 154.2% in the fourth quarter. Quarry LP now owns 3,345 shares of the business services provider's stock worth $70,000 after acquiring an additional 2,029 shares during the period. KLP Kapitalforvaltning AS bought a new position in shares of PRA Group in the fourth quarter worth about $134,000. Headlands Technologies LLC increased its holdings in PRA Group by 231.3% in the 4th quarter. Headlands Technologies LLC now owns 7,278 shares of the business services provider's stock valued at $152,000 after acquiring an additional 5,081 shares during the last quarter. Finally, Point72 Asset Management L.P. bought a new stake in PRA Group in the 4th quarter valued at $155,000. Institutional investors own 97.22% of the company's stock.

Analyst Ratings Changes

PRAA has been the topic of a number of research analyst reports. Wall Street Zen downgraded PRA Group from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. JMP Securities decreased 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.

Insider Transactions at PRA Group

In other news, Director Brett Lee Paschke purchased 5,000 shares of the stock in a transaction on Wednesday, May 7th. The stock was bought at an average price of $13.39 per share, with a total value of $66,950.00. Following the transaction, the director owned 30,056 shares in the company, valued at $402,449.84. The trade was a 19.96% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.00% of the company's stock.

PRA Group Stock Performance

PRAA stock traded up $0.09 during midday trading on Monday, reaching $15.67. 60,225 shares of the company traded hands, compared to its average volume of 397,581. The firm has a market capitalization of $621.47 million, a price-to-earnings ratio of 8.75 and a beta of 1.52. PRA Group, Inc. has a 52-week low of $12.91 and a 52-week high of $27.54. The business has a 50 day moving average of $14.90 and a 200-day moving average of $18.21.

PRA Group (NASDAQ:PRAA - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The business services provider reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.32). The business had revenue of $269.62 million during the quarter, compared to analysts' expectations of $288.63 million. PRA Group had a return on equity of 5.09% and a net margin of 6.27%. The company's quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.09 earnings per share. Research analysts anticipate 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.