PRA Group, Inc. (NASDAQ:PRAA) Shares Purchased by Nuveen Asset Management LLC

Nuveen Asset Management LLC raised its holdings in PRA Group, Inc. (NASDAQ:PRAA) by 11.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 145,414 shares of the business services provider’s stock after purchasing an additional 15,153 shares during the quarter. Nuveen Asset Management LLC owned 0.37% of PRA Group worth $3,038,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PRAA. Mariner LLC raised its holdings in shares of PRA Group by 4.8% during the fourth quarter. Mariner LLC now owns 11,175 shares of the business services provider’s stock valued at $233,000 after acquiring an additional 515 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of PRA Group by 3.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,061 shares of the business services provider’s stock valued at $461,000 after buying an additional 779 shares during the period. Hsbc Holdings PLC lifted its holdings in PRA Group by 2.9% during the 4th quarter. Hsbc Holdings PLC now owns 37,900 shares of the business services provider’s stock worth $790,000 after buying an additional 1,060 shares in the last quarter. Sterling Capital Management LLC raised its position in PRA Group by 805.8% in the 4th quarter. Sterling Capital Management LLC now owns 1,241 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 1,104 shares in the last quarter. Finally, AlphaQuest LLC lifted its position in shares of PRA Group by 24.5% during the 4th quarter. AlphaQuest LLC now owns 7,690 shares of the business services provider’s stock worth $161,000 after purchasing an additional 1,513 shares during the last quarter. 97.22% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at PRA Group

In other PRA Group news, Director Brett Lee Paschke purchased 5,000 shares of the business’s stock in a transaction on Wednesday, May 7th. The stock was purchased at an average price of $13.39 per share, for a total transaction of $66,950.00. Following the completion of the purchase, the director now directly owns 30,056 shares in the company, valued at approximately $402,449.84. This trade represents a 19.96% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.00% of the company’s stock.

PRA Group Stock Down 1.0%

Shares of NASDAQ PRAA opened at $14.05 on Tuesday. The stock has a market capitalization of $557.21 million, a P/E ratio of 7.85 and a beta of 1.70. PRA Group, Inc. has a 52-week low of $12.91 and a 52-week high of $27.54. The firm’s 50-day moving average price is $16.69 and its two-hundred day moving average price is $19.64.

PRA Group (NASDAQ:PRAA) last posted its quarterly earnings data on Monday, May 5th. The business services provider reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.32). PRA Group had a net margin of 6.33% and a return on equity of 5.16%. The business had revenue of $269.62 million for the quarter, compared to the consensus estimate of $288.63 million. During the same quarter last year, the business posted $0.09 EPS. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. As a group, equities research analysts expect that PRA Group, Inc. will post 2.1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on PRAA. Wall Street Zen lowered shares of PRA Group from a “hold” rating to a “sell” rating in a research report on Thursday, May 22nd. JMP Securities dropped their price objective on shares of PRA Group from $30.00 to $23.00 and set a “market outperform” rating for the company in a research note on Tuesday, May 6th.

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.