PRA Group, Inc. (NASDAQ:PRAA) CEO Vikram A. Atal Sells 5,830 Shares

PRA Group, Inc. (NASDAQ:PRAA - Get Free Report) CEO Vikram A. Atal sold 5,830 shares of the firm's stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $24.39, for a total value of $142,193.70. Following the transaction, the chief executive officer now owns 155,625 shares of the company's stock, valued at approximately $3,795,693.75. The transaction was disclosed in a document filed with the SEC, which is available through this link.

PRA Group Trading Down 2.4 %

Shares of NASDAQ:PRAA traded down $0.56 on Thursday, reaching $23.48. The company had a trading volume of 161,937 shares, compared to its average volume of 220,147. PRA Group, Inc. has a 52-week low of $11.85 and a 52-week high of $38.17. The firm's 50 day simple moving average is $24.99 and its 200-day simple moving average is $21.93. The firm has a market capitalization of $921.39 million, a PE ratio of -11.29 and a beta of 1.46.

PRA Group (NASDAQ:PRAA - Get Free Report) last announced its quarterly earnings results on Thursday, February 15th. The business services provider reported ($0.22) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.35) by $0.13. PRA Group had a negative return on equity of 6.82% and a negative net margin of 10.40%. The business had revenue of $221.42 million for the quarter, compared to the consensus estimate of $208.25 million. During the same period last year, the business posted $0.41 EPS. The business's revenue was down .6% compared to the same quarter last year. As a group, equities research analysts predict that PRA Group, Inc. will post 0.35 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Illinois Municipal Retirement Fund purchased a new position in PRA Group during the 3rd quarter worth $432,000. UBS Group AG lifted its position in PRA Group by 3,462.8% during the 3rd quarter. UBS Group AG now owns 963,521 shares of the business services provider's stock worth $18,509,000 after acquiring an additional 936,477 shares during the period. Jacobs Levy Equity Management Inc. lifted its position in PRA Group by 42.3% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 450,193 shares of the business services provider's stock worth $8,648,000 after acquiring an additional 133,774 shares during the period. Dark Forest Capital Management LP acquired a new stake in PRA Group during the 3rd quarter worth about $1,263,000. Finally, Charles Schwab Investment Management Inc. lifted its position in PRA Group by 14.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 588,577 shares of the business services provider's stock worth $11,307,000 after acquiring an additional 75,894 shares during the period. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. JMP Securities raised their price objective on PRA Group from $26.00 to $33.00 and gave the company a "market outperform" rating in a research note on Friday, February 16th. StockNews.com upgraded PRA Group from a "sell" rating to a "hold" rating in a report on Friday, February 16th.

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.