PRA Group, Inc. $PRAA is Topline Capital Management LLC's 5th Largest Position

Key Points

• Topline Capital increased its stake in PRA Group by 16.2% to 2,615,711 shares, making the stock its 5th-largest position and worth about $40.4 million.
• PRA Group beat estimates last quarter with $1.46 EPS versus $0.50 expected and $333.4M revenue versus $288.9M expected, but the company still shows a negative net margin of 25.39% and a negative P/E (-2.14).
• Analysts are largely cautious (1 Buy, 3 Hold, 1 Sell) with an average rating of Hold and an average target price of $25.00; the stock has a market cap of about $643M and a 12‑month range of $10.25–$22.01.

Topline Capital Management LLC lifted its holdings in PRA Group, Inc. (NASDAQ:PRAA - Free Report) by 16.2% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,615,711 shares of the business services provider's stock after purchasing an additional 365,082 shares during the period. PRA Group comprises approximately 6.9% of Topline Capital Management LLC's holdings, making the stock its 5th biggest position. Topline Capital Management LLC owned approximately 6.70% of PRA Group worth $40,387,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC increased its holdings in PRA Group by 301.0% during the third quarter. GAMMA Investing LLC now owns 1,684 shares of the business services provider's stock valued at $26,000 after buying an additional 1,264 shares during the last quarter. CWM LLC boosted its stake in shares of PRA Group by 140.0% during the 3rd quarter. CWM LLC now owns 4,618 shares of the business services provider's stock worth $71,000 after acquiring an additional 2,694 shares during the last quarter. Tower Research Capital LLC TRC grew its position in shares of PRA Group by 375.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,784 shares of the business services provider's stock valued at $71,000 after acquiring an additional 3,777 shares during the period. Advent Capital Management DE bought a new stake in shares of PRA Group during the 2nd quarter valued at $84,000. Finally, Globeflex Capital L P purchased a new stake in shares of PRA Group in the 2nd quarter worth $102,000. Hedge funds and other institutional investors own 97.22% of the company's stock.

PRA Group Stock Down 0.8%

Shares of PRA Group stock opened at $16.73 on Friday. PRA Group, Inc. has a twelve month low of $10.25 and a twelve month high of $22.01. The business has a 50-day moving average price of $14.55 and a 200-day moving average price of $15.47. The firm has a market cap of $643.27 million, a price-to-earnings ratio of -2.14 and a beta of 1.23.

PRA Group (NASDAQ:PRAA - Get Free Report) last posted its earnings results on Thursday, February 26th. The business services provider reported $1.46 EPS for the quarter, topping analysts' consensus estimates of $0.50 by $0.96. The company had revenue of $333.39 million for the quarter, compared to the consensus estimate of $288.86 million. PRA Group had a positive return on equity of 10.50% and a negative net margin of 25.39%. On average, equities analysts expect that PRA Group, Inc. will post 2.1 EPS for the current fiscal year.

Wall Street Analyst Weigh In

PRAA has been the topic of several analyst reports. Citigroup downgraded PRA Group from an "outperform" rating to a "market perform" rating in a research report on Wednesday, January 28th. Zacks Research cut PRA Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, January 5th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of PRA Group in a research note on Monday, December 29th. Finally, Citizens Jmp cut PRA Group from a "market outperform" rating to a "market perform" rating in a research report on Wednesday, January 28th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, PRA Group presently has an average rating of "Hold" and an average target price of $25.00.

About PRA Group

PRA Group, Inc is a global specialty finance company focused on the acquisition and management of nonperforming loans. Founded in 1996 as Portfolio Recovery Associates, the company purchases defaulted consumer and commercial receivables at discounted rates from financial institutions, utilities and other creditors. By combining rigorous analytics with a consumer-centric ethos, PRA Group seeks to maximize recoveries while maintaining respectful and compliant interactions with debtors.

The company's core activities include first-party and third-party collections across a range of asset classes such as credit cards, auto loans and utility receivables.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.