PRA Group, Inc. (NASDAQ:PRAA) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP trimmed its position in PRA Group, Inc. (NASDAQ:PRAA - Free Report) by 3.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,760,952 shares of the business services provider's stock after selling 130,285 shares during the quarter. Wellington Management Group LLP owned approximately 9.52% of PRA Group worth $78,566,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Barclays PLC increased its stake in PRA Group by 55.0% during the third quarter. Barclays PLC now owns 117,053 shares of the business services provider's stock valued at $2,618,000 after purchasing an additional 41,525 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of PRA Group in the 4th quarter valued at about $753,000. New York State Teachers Retirement System grew its position in shares of PRA Group by 2.7% during the 4th quarter. New York State Teachers Retirement System now owns 64,091 shares of the business services provider's stock valued at $1,339,000 after buying an additional 1,705 shares during the last quarter. Principal Financial Group Inc. raised its stake in PRA Group by 2.9% during the fourth quarter. Principal Financial Group Inc. now owns 191,168 shares of the business services provider's stock worth $3,994,000 after acquiring an additional 5,434 shares during the period. Finally, Wolverine Asset Management LLC raised its stake in PRA Group by 84.4% during the fourth quarter. Wolverine Asset Management LLC now owns 34,584 shares of the business services provider's stock worth $722,000 after acquiring an additional 15,830 shares during the period. 97.22% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

PRAA has been the subject of several recent research reports. Wall Street Zen lowered PRA Group from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. JMP Securities lowered their price objective on PRA Group from $30.00 to $23.00 and set a "market outperform" rating for the company in a research note on Tuesday, May 6th.

PRA Group Trading Down 1.0%

NASDAQ:PRAA traded down $0.14 during mid-day trading on Monday, hitting $14.05. The stock had a trading volume of 489,537 shares, compared to its average volume of 293,044. The company has a 50 day simple moving average of $16.69 and a 200-day simple moving average of $19.64. The stock has a market capitalization of $557.21 million, a price-to-earnings ratio of 7.85 and a beta of 1.70. PRA Group, Inc. has a 52 week low of $12.91 and a 52 week high of $27.54.

PRA Group (NASDAQ:PRAA - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The business services provider reported $0.09 earnings per share for the quarter, missing analysts' consensus estimates of $0.41 by ($0.32). PRA Group had a net margin of 6.33% and a return on equity of 5.16%. The business 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 firm posted $0.09 EPS. The business's quarterly revenue was up 5.5% on a year-over-year basis. As a group, equities research analysts anticipate that PRA Group, Inc. will post 2.1 earnings per share for the current 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 dated Wednesday, May 7th. The shares were bought at an average cost of $13.39 per share, with a total value of $66,950.00. Following the completion of the acquisition, the director now owns 30,056 shares of the company's stock, valued at approximately $402,449.84. This trade represents a 19.96% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.00% of the stock is owned by company insiders.

About PRA Group

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.