GSA Capital Partners LLP Takes $1.08 Million Position in PRA Group, Inc. (NASDAQ:PRAA)

GSA Capital Partners LLP acquired a new position in PRA Group, Inc. (NASDAQ:PRAA - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 52,449 shares of the business services provider's stock, valued at approximately $1,081,000. GSA Capital Partners LLP owned approximately 0.13% of PRA Group at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Man Group plc bought a new stake in PRA Group during the 4th quarter valued at approximately $868,000. Assenagon Asset Management S.A. raised its holdings in shares of PRA Group by 85.3% in the 1st quarter. Assenagon Asset Management S.A. now owns 405,595 shares of the business services provider's stock worth $8,363,000 after buying an additional 186,724 shares in the last quarter. Northern Trust Corp raised its holdings in shares of PRA Group by 7.7% in the 4th quarter. Northern Trust Corp now owns 431,909 shares of the business services provider's stock worth $9,023,000 after buying an additional 31,031 shares in the last quarter. Millennium Management LLC grew its position in PRA Group by 48.8% during the 4th quarter. Millennium Management LLC now owns 151,227 shares of the business services provider's stock worth $3,159,000 after acquiring an additional 49,623 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in PRA Group by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 4,300,675 shares of the business services provider's stock worth $89,841,000 after acquiring an additional 21,625 shares during the last quarter. 97.22% of the stock is owned by institutional investors and hedge funds.

Insider Activity at PRA Group

In related news, Director Brett Lee Paschke purchased 5,000 shares of the firm's stock in a transaction dated Wednesday, May 7th. The stock was bought at an average price of $13.39 per share, for a total transaction of $66,950.00. Following the purchase, the director directly owned 30,056 shares in the company, valued at approximately $402,449.84. This trade represents a 19.96% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on PRAA shares. Wall Street Zen cut PRA Group from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. JMP Securities lowered their price target 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.

PRA Group Price Performance

NASDAQ PRAA traded up $0.37 on Monday, reaching $15.43. The company had a trading volume of 69,483 shares, compared to its average volume of 390,055. The firm has a market cap of $611.95 million, a price-to-earnings ratio of 8.62 and a beta of 1.54. PRA Group, Inc. has a fifty-two week low of $12.91 and a fifty-two week high of $26.89. The business has a 50 day moving average of $15.09 and a two-hundred day moving average of $17.88.

PRA Group (NASDAQ:PRAA - Get Free Report) last released its quarterly earnings data 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). PRA Group had a return on equity of 5.09% and a net margin of 6.27%. The company had revenue of $269.62 million for the quarter, compared to the consensus estimate of $288.63 million. During the same period last year, the company earned $0.09 EPS. PRA Group's revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, research analysts predict that PRA Group, Inc. will post 2.1 earnings per share for the current fiscal year.

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.