Wellington Management Group LLP Sells 130,285 Shares of PRA Group, Inc. (NASDAQ:PRAA)

Wellington Management Group LLP reduced its position in PRA Group, Inc. (NASDAQ:PRAA - Free Report) by 3.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,760,952 shares of the business services provider's stock after selling 130,285 shares during the period. Wellington Management Group LLP owned about 9.52% of PRA Group worth $78,566,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Man Group plc bought a new stake in shares of PRA Group during the 4th quarter worth $868,000. Janney Montgomery Scott LLC bought a new stake in shares of PRA Group during the 4th quarter worth $753,000. Barclays PLC boosted its holdings in shares of PRA Group by 55.0% during 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 period. Global Alpha Capital Management Ltd. boosted its holdings in shares of PRA Group by 4.3% during the 4th quarter. Global Alpha Capital Management Ltd. now owns 1,896,000 shares of the business services provider's stock worth $39,607,000 after buying an additional 78,200 shares during the period. Finally, Capital Management Corp VA bought a new stake in shares of PRA Group during the 4th quarter worth $4,659,000. 97.22% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on PRAA shares. JMP Securities decreased 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 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 Trading Up 0.2%

NASDAQ:PRAA traded up $0.03 during trading hours on Friday, hitting $14.21. 450,087 shares of the company traded hands, compared to its average volume of 292,255. The stock has a market capitalization of $563.55 million, a price-to-earnings ratio of 7.94 and a beta of 1.70. PRA Group, Inc. has a twelve month low of $12.91 and a twelve month high of $27.54. The firm has a 50-day moving average of $16.83 and a 200 day moving average of $19.73.

PRA Group (NASDAQ:PRAA - Get Free Report) last released 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 company had revenue of $269.62 million for 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 revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.09 earnings per share. Equities research analysts predict that PRA Group, Inc. will post 2.1 earnings per share for the current fiscal year.

Insider Buying and Selling at PRA Group

In other PRA Group news, Director Brett Lee Paschke purchased 5,000 shares of the stock in a transaction on Wednesday, May 7th. The shares were purchased at an average price of $13.39 per share, with a total value of $66,950.00. Following the acquisition, the director now directly owns 30,056 shares of the company's stock, valued at $402,449.84. This represents a 19.96% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 2.00% of the company's stock.

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.