PRA Group, Inc. (NASDAQ:PRAA) Position Increased by SG Americas Securities LLC

SG Americas Securities LLC grew its position in PRA Group, Inc. (NASDAQ:PRAA) by 184.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,273 shares of the business services provider’s stock after buying an additional 7,306 shares during the quarter. SG Americas Securities LLC’s holdings in PRA Group were worth $222,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in PRAA. Charles Schwab Investment Management Inc. raised its position in PRA Group by 13.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 666,396 shares of the business services provider’s stock valued at $17,460,000 after buying an additional 77,819 shares during the period. Global Alpha Capital Management Ltd. grew its stake in PRA Group by 5.4% during the 1st quarter. Global Alpha Capital Management Ltd. now owns 1,708,015 shares of the business services provider’s stock valued at $44,545,000 after acquiring an additional 86,800 shares in the last quarter. Wilbanks Smith & Thomas Asset Management LLC increased its holdings in shares of PRA Group by 192.2% in the 4th quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 293,583 shares of the business services provider’s stock valued at $7,692,000 after purchasing an additional 193,117 shares during the period. Redwood Investment Management LLC purchased a new stake in shares of PRA Group in the fourth quarter worth approximately $3,268,000. Finally, State Board of Administration of Florida Retirement System boosted its holdings in shares of PRA Group by 389.5% during the first quarter. State Board of Administration of Florida Retirement System now owns 53,977 shares of the business services provider’s stock worth $1,408,000 after purchasing an additional 42,950 shares during the period. 97.22% of the stock is owned by hedge funds and other institutional investors.

PRA Group Stock Performance

Shares of PRAA opened at $22.88 on Friday. The firm has a market cap of $900.37 million, a PE ratio of -42.37 and a beta of 1.48. The firm’s 50 day moving average price is $21.87 and its 200 day moving average price is $23.31. PRA Group, Inc. has a twelve month low of $11.85 and a twelve month high of $31.43.

PRA Group (NASDAQ:PRAA) last released its quarterly earnings results on Monday, August 5th. The business services provider reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.46. The business had revenue of $284.20 million for the quarter, compared to the consensus estimate of $245.04 million. PRA Group had a net margin of 0.40% and a return on equity of 0.33%. PRA Group’s revenue for the quarter was up 35.9% on a year-over-year basis. During the same quarter last year, the firm earned ($0.10) EPS. On average, sell-side analysts anticipate that PRA Group, Inc. will post 1.33 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on PRAA. JMP Securities reiterated a “market outperform” rating and issued a $33.00 price objective on shares of PRA Group in a research note on Tuesday, May 7th. StockNews.com upgraded PRA Group from a “hold” rating to a “buy” rating in a report on Wednesday, August 7th. Finally, Truist Financial reduced their price objective on PRA Group from $42.00 to $28.00 and set a “buy” rating for the company in a research report on Tuesday.

Insiders Place Their Bets

In related news, Director Geir Olsen acquired 11,750 shares of the stock in a transaction dated Wednesday, August 7th. The shares were acquired at an average price of $21.39 per share, with a total value of $251,332.50. Following the acquisition, the director now owns 11,750 shares in the company, valued at approximately $251,332.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.00% of the company’s stock.

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.