Separately, JMP Securities reduced their price objective on shares of PRA Group from $47.00 to $42.00 and set a “market outperform” rating on the stock in a research note on Friday, January 13th.
PRA Group Stock Up 0.9 %
NASDAQ:PRAA opened at $36.54 on Friday. PRA Group has a 12 month low of $29.68 and a 12 month high of $48.10. The company’s 50-day moving average price is $34.14 and its two-hundred day moving average price is $35.10. The firm has a market cap of $1.42 billion, a PE ratio of 11.07 and a beta of 1.13.
Hedge Funds Weigh In On PRA Group
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Group One Trading L.P. boosted its position in shares of PRA Group by 106.7% in the first quarter. Group One Trading L.P. now owns 700 shares of the business services provider’s stock valued at $32,000 after acquiring an additional 11,133 shares during the period. Quadrant Capital Group LLC purchased a new position in shares of PRA Group during the third quarter worth approximately $34,000. Point72 Hong Kong Ltd raised its stake in shares of PRA Group by 38.2% during the first quarter. Point72 Hong Kong Ltd now owns 1,050 shares of the business services provider’s stock worth $47,000 after acquiring an additional 290 shares in the last quarter. IFP Advisors Inc grew its holdings in shares of PRA Group by 28.3% in the third quarter. IFP Advisors Inc now owns 1,597 shares of the business services provider’s stock worth $74,000 after purchasing an additional 352 shares during the last quarter. Finally, Captrust Financial Advisors grew its holdings in shares of PRA Group by 56.6% in the first quarter. Captrust Financial Advisors now owns 2,070 shares of the business services provider’s stock worth $93,000 after purchasing an additional 748 shares during the last quarter.
PRA Group Company Profile
PRA Group, Inc engages in the purchase, collection and management of portfolios of nonperforming loans. The firm purchase portfolios of nonperforming loans at a discount in two broad categories: Core and Insolvency. It also provides fee-based services on class action claims recoveries and by servicing consumer bankruptcy accounts in the United States.
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