Dimensional Fund Advisors LP Lowers Stock Holdings in PRA Group, Inc. (NASDAQ:PRAA)

Dimensional Fund Advisors LP reduced its stake in PRA Group, Inc. (NASDAQ:PRAAFree Report) by 1.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,634,736 shares of the business services provider’s stock after selling 29,198 shares during the quarter. Dimensional Fund Advisors LP owned about 4.17% of PRA Group worth $42,832,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in PRAA. Wellington Management Group LLP boosted its holdings in PRA Group by 12.3% in the third quarter. Wellington Management Group LLP now owns 3,884,085 shares of the business services provider’s stock worth $74,613,000 after acquiring an additional 425,505 shares in the last quarter. UBS Group AG grew 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 valued at $18,509,000 after purchasing an additional 936,477 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in PRA Group by 13.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 666,396 shares of the business services provider’s stock valued at $17,460,000 after purchasing an additional 77,819 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in PRA Group by 42.3% in the third quarter. Jacobs Levy Equity Management Inc. now owns 450,193 shares of the business services provider’s stock worth $8,648,000 after buying an additional 133,774 shares during the last quarter. Finally, Chartwell Investment Partners LLC raised its holdings in PRA Group by 1.2% in the third quarter. Chartwell Investment Partners LLC now owns 415,077 shares of the business services provider’s stock worth $7,974,000 after buying an additional 5,102 shares during the last quarter. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Insider Transactions at PRA Group

In related news, CEO Vikram A. Atal sold 5,830 shares of the business’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 transaction of $142,193.70. Following the completion of the sale, the chief executive officer now directly owns 155,625 shares in the company, valued at $3,795,693.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.00% of the company’s stock.

PRA Group Stock Up 1.1 %

Shares of PRAA stock opened at $21.80 on Friday. The company has a 50 day moving average price of $24.46 and a 200-day moving average price of $23.58. PRA Group, Inc. has a 52 week low of $11.85 and a 52 week high of $31.43. The firm has a market capitalization of $857.83 million, a PE ratio of -40.37 and a beta of 1.47.

PRA Group (NASDAQ:PRAAGet Free Report) last posted its earnings results on Monday, May 6th. The business services provider reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.24. The business had revenue of $255.59 million during the quarter, compared to the consensus estimate of $233.37 million. PRA Group had a negative net margin of 2.37% and a negative return on equity of 1.76%. The firm’s revenue was up 64.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($1.50) EPS. Analysts anticipate that PRA Group, Inc. will post 0.7 earnings per share for the current year.

Wall Street Analysts Forecast Growth

PRAA has been the subject of a number of recent analyst reports. StockNews.com upgraded shares of PRA Group from a “hold” rating to a “buy” rating in a report on Friday, May 24th. JMP Securities restated a “market outperform” rating and issued a $33.00 price target on shares of PRA Group in a research note on Tuesday, May 7th.

Read Our Latest Analysis on PRAA

PRA Group Company Profile

(Free Report)

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.

Further Reading

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

Receive News & Ratings for PRA Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PRA Group and related companies with MarketBeat.com's FREE daily email newsletter.