State Board of Administration of Florida Retirement System Has $1.27 Million Stock Position in PRA Group, Inc. (NASDAQ:PRAA)

State Board of Administration of Florida Retirement System raised its holdings in shares of PRA Group, Inc. (NASDAQ:PRAAGet Rating) by 68.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 34,866 shares of the business services provider’s stock after buying an additional 14,169 shares during the quarter. State Board of Administration of Florida Retirement System owned about 0.09% of PRA Group worth $1,268,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of PRAA. Peregrine Capital Management LLC acquired a new position in PRA Group during the 2nd quarter valued at $8,572,000. Global Alpha Capital Management Ltd. lifted its stake in shares of PRA Group by 14.6% in the first quarter. Global Alpha Capital Management Ltd. now owns 1,047,202 shares of the business services provider’s stock valued at $47,208,000 after buying an additional 133,400 shares during the period. abrdn plc grew its position in PRA Group by 8.9% during the first quarter. abrdn plc now owns 1,240,795 shares of the business services provider’s stock worth $55,935,000 after buying an additional 101,590 shares in the last quarter. Stephens Investment Management Group LLC increased its stake in PRA Group by 4.8% during the second quarter. Stephens Investment Management Group LLC now owns 1,782,030 shares of the business services provider’s stock valued at $64,795,000 after acquiring an additional 81,217 shares during the period. Finally, Victory Capital Management Inc. increased its stake in PRA Group by 9.4% during the first quarter. Victory Capital Management Inc. now owns 888,558 shares of the business services provider’s stock valued at $39,997,000 after acquiring an additional 76,664 shares during the period.

Wall Street Analysts Forecast Growth

PRAA has been the topic of several recent research reports. JMP Securities decreased their price objective on PRA Group from $52.00 to $47.00 and set a “market outperform” rating on the stock in a report on Friday, October 7th. StockNews.com started coverage on shares of PRA Group in a research note on Wednesday, October 12th. They issued a “hold” rating for the company.

PRA Group Trading Down 2.1 %

Shares of PRAA opened at $33.25 on Thursday. The stock has a market cap of $1.30 billion, a PE ratio of 10.08 and a beta of 1.19. PRA Group, Inc. has a 1 year low of $29.68 and a 1 year high of $51.00. The stock has a 50 day simple moving average of $33.13 and a 200-day simple moving average of $36.16.

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.

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Institutional Ownership by Quarter for PRA Group (NASDAQ:PRAA)

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