41,552 Shares in PRA Group, Inc. (NASDAQ:PRAA) Acquired by Man Group plc

Man Group plc bought a new position in PRA Group, Inc. (NASDAQ:PRAA - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 41,552 shares of the business services provider's stock, valued at approximately $868,000. Man Group plc owned 0.11% of PRA Group as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Janney Montgomery Scott LLC acquired a new stake in PRA Group in the fourth quarter worth $753,000. Barclays PLC increased its position in shares of PRA Group by 55.0% during the third quarter. Barclays PLC now owns 117,053 shares of the business services provider's stock worth $2,618,000 after acquiring an additional 41,525 shares in the last quarter. Global Alpha Capital Management Ltd. increased its position in shares of PRA Group by 4.3% during 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 in the last quarter. Capital Management Corp VA bought a new stake in shares of PRA Group during the fourth quarter worth $4,659,000. Finally, Amundi increased its position in shares of PRA Group by 183.8% during the fourth quarter. Amundi now owns 19,801 shares of the business services provider's stock worth $396,000 after acquiring an additional 12,824 shares in the last quarter. 97.22% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on PRAA shares. JMP Securities lowered their price objective on shares of PRA Group from $30.00 to $23.00 and set a "market outperform" rating for the company 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 research report on Thursday, May 22nd.

Insider Activity

In related news, Director Brett Lee Paschke acquired 5,000 shares of the stock in a transaction that occurred on Wednesday, May 7th. The stock was acquired at an average cost of $13.39 per share, for a total transaction of $66,950.00. Following the transaction, the director now directly owns 30,056 shares in the company, valued at $402,449.84. This trade represents a 19.96% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.00% of the company's stock.

PRA Group Trading Up 1.5%

NASDAQ PRAA traded up $0.21 during trading on Thursday, reaching $14.05. The company's stock had a trading volume of 56,274 shares, compared to its average volume of 288,631. The firm has a market capitalization of $557.21 million, a price-to-earnings ratio of 7.84 and a beta of 1.70. PRA Group, Inc. has a 12 month low of $12.91 and a 12 month high of $27.54. The firm has a 50 day moving average price of $17.10 and a 200 day moving average price of $19.89.

PRA Group (NASDAQ:PRAA - Get Free Report) last issued its earnings results on Monday, May 5th. The business services provider reported $0.09 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.32). The firm had revenue of $269.62 million during the quarter, compared to analyst estimates of $288.63 million. PRA Group had a net margin of 6.33% and a return on equity of 5.16%. PRA Group's quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.09 earnings per share. On average, equities analysts forecast that PRA Group, Inc. will post 2.1 EPS for the current fiscal 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.