PRA Group, Inc. (NASDAQ:PRAA) CEO Sells $217,800.00 in Stock

PRA Group, Inc. (NASDAQ:PRAAGet Rating) CEO Kevin P. Stevenson sold 5,000 shares of the business’s stock in a transaction on Friday, April 22nd. The shares were sold at an average price of $43.56, for a total transaction of $217,800.00. Following the completion of the sale, the chief executive officer now directly owns 360,949 shares in the company, valued at $15,722,938.44. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

NASDAQ:PRAA traded down $1.08 on Tuesday, hitting $42.88. 264,934 shares of the company’s stock were exchanged, compared to its average volume of 225,012. The firm has a 50-day moving average price of $44.84 and a 200-day moving average price of $45.41. PRA Group, Inc. has a 52 week low of $36.82 and a 52 week high of $51.00. The company has a market cap of $1.74 billion, a P/E ratio of 10.88 and a beta of 1.32.

PRA Group (NASDAQ:PRAAGet Rating) last released its quarterly earnings data on Monday, February 28th. The business services provider reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.14. The company had revenue of $256.90 million for the quarter, compared to analyst estimates of $252.55 million. PRA Group had a net margin of 16.72% and a return on equity of 13.01%. PRA Group’s revenue for the quarter was down 6.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.65 EPS. Research analysts anticipate that PRA Group, Inc. will post 2.75 earnings per share for the current year.

Institutional investors have recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd increased its stake in shares of PRA Group by 53.7% during the 3rd quarter. Point72 Hong Kong Ltd now owns 919 shares of the business services provider’s stock worth $39,000 after purchasing an additional 321 shares during the last quarter. CastleArk Alternatives LLC acquired a new position in shares of PRA Group during the 3rd quarter worth about $48,000. Sageworth Trust Co of South Dakota acquired a new position in shares of PRA Group during the 4th quarter worth about $71,000. Marshall Wace North America L.P. increased its stake in shares of PRA Group by 32.9% during the 1st quarter. Marshall Wace North America L.P. now owns 1,655 shares of the business services provider’s stock worth $44,000 after purchasing an additional 410 shares during the last quarter. Finally, Dumont & Blake Investment Advisors LLC acquired a new position in shares of PRA Group during the 4th quarter worth about $211,000. Institutional investors own 98.89% of the company’s stock.

Several research firms recently commented on PRAA. William Blair reaffirmed an “outperform” rating on shares of PRA Group in a research report on Tuesday, March 1st. JMP Securities cut their price target on shares of PRA Group from $60.00 to $56.00 and set a “market outperform” rating on the stock in a research report on Tuesday, March 1st. Finally, StockNews.com cut shares of PRA Group from a “buy” rating to a “hold” rating in a research report on Saturday, April 16th.

PRA Group Company Profile (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.

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