PRA Group, Inc. (NASDAQ:PRAA – Get Rating) CEO Kevin P. Stevenson sold 10,000 shares of the stock in a transaction that occurred on Monday, April 18th. The shares were sold at an average price of $44.83, for a total value of $448,300.00. Following the sale, the chief executive officer now owns 390,949 shares of the company’s stock, valued at approximately $17,526,243.67. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
PRAA stock traded down $0.51 during midday trading on Wednesday, reaching $44.38. 332,239 shares of the company’s stock traded hands, compared to its average volume of 222,007. The company has a 50-day simple moving average of $45.00 and a two-hundred day simple moving average of $45.37. PRA Group, Inc. has a 1-year low of $36.81 and a 1-year high of $51.00. The company has a market cap of $1.81 billion, a price-to-earnings ratio of 11.11 and a beta of 1.32.
PRA Group (NASDAQ:PRAA – Get Rating) last released its quarterly earnings results on Monday, February 28th. The business services provider reported $0.79 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.14. PRA Group had a return on equity of 13.01% and a net margin of 16.72%. The firm had revenue of $256.90 million during the quarter, compared to analysts’ expectations of $252.55 million. During the same period last year, the firm posted $0.65 EPS. The business’s revenue was down 6.2% on a year-over-year basis. On average, sell-side analysts anticipate that PRA Group, Inc. will post 2.75 earnings per share for the current fiscal year.
A number of analysts have commented on PRAA shares. JMP Securities reduced their price objective on PRA Group from $60.00 to $56.00 and set a “market outperform” rating for the company in a research report on Tuesday, March 1st. William Blair reissued an “outperform” rating on shares of PRA Group in a report on Tuesday, March 1st. Finally, StockNews.com cut PRA Group from a “buy” rating to a “hold” rating in a report on Saturday.
About PRA Group (Get Rating)
PRA Group, Inc, a financial and business services company, engages in the purchase, collection, and management of portfolios of nonperforming loans in the Americas, Australia, and Europe. 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.
- Get a free copy of the StockNews.com research report on PRA Group (PRAA)
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