Russell Investments Group Ltd. Takes Position in PRA Group, Inc. (NASDAQ:PRAA)

Russell Investments Group Ltd. acquired a new stake in PRA Group, Inc. (NASDAQ:PRAAGet Rating) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 48,328 shares of the business services provider’s stock, valued at approximately $1,633,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Point72 Hong Kong Ltd lifted its stake in shares of PRA Group by 38.2% in the 1st 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 during the period. Captrust Financial Advisors lifted its stake in shares of PRA Group by 15.3% in the 2nd quarter. Captrust Financial Advisors now owns 2,387 shares of the business services provider’s stock worth $87,000 after acquiring an additional 317 shares during the period. IFP Advisors Inc lifted its stake in shares of PRA Group by 28.3% in the 3rd quarter. IFP Advisors Inc now owns 1,597 shares of the business services provider’s stock worth $74,000 after acquiring an additional 352 shares during the period. Stephens Inc. AR lifted its stake in shares of PRA Group by 10.3% in the 3rd quarter. Stephens Inc. AR now owns 4,625 shares of the business services provider’s stock worth $152,000 after acquiring an additional 430 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of PRA Group by 12.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,755 shares of the business services provider’s stock worth $194,000 after acquiring an additional 641 shares during the period.

Analyst Ratings Changes

PRAA has been the subject of several recent analyst reports. StockNews.com initiated coverage on shares of PRA Group in a research note on Thursday, May 18th. They issued a “hold” rating for the company. TheStreet cut shares of PRA Group from a “b-” rating to a “c+” rating in a research note on Tuesday, May 2nd. Truist Financial reduced their price objective on shares of PRA Group from $50.00 to $42.00 in a research note on Tuesday, May 9th. Finally, JMP Securities reduced their price objective on shares of PRA Group from $50.00 to $42.00 in a research note on Tuesday, May 9th.

Insiders Place Their Bets

In other PRA Group news, CEO Vikram A. Atal bought 40,000 shares of the business’s stock in a transaction on Thursday, May 18th. The stock was bought at an average price of $18.81 per share, for a total transaction of $752,400.00. Following the completion of the transaction, the chief executive officer now owns 20,000 shares in the company, valued at approximately $376,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Vikram A. Atal purchased 40,000 shares of the stock in a transaction dated Thursday, May 18th. The stock was acquired at an average cost of $18.81 per share, for a total transaction of $752,400.00. Following the completion of the acquisition, the chief executive officer now directly owns 20,000 shares in the company, valued at approximately $376,200. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Brett Lee Paschke purchased 7,500 shares of the stock in a transaction dated Wednesday, May 17th. The shares were purchased at an average price of $18.91 per share, with a total value of $141,825.00. Following the completion of the acquisition, the director now owns 12,250 shares of the company’s stock, valued at $231,647.50. The disclosure for this purchase can be found here. 2.00% of the stock is currently owned by company insiders.

PRA Group Stock Up 7.5 %

Shares of NASDAQ PRAA opened at $20.31 on Wednesday. PRA Group, Inc. has a 52 week low of $17.74 and a 52 week high of $43.34. The firm has a 50-day moving average price of $33.87 and a 200 day moving average price of $35.70. The stock has a market capitalization of $795.54 million, a price-to-earnings ratio of 45.13 and a beta of 1.16.

PRA Group (NASDAQ:PRAAGet Rating) last announced its quarterly earnings data on Monday, May 8th. The business services provider reported ($1.50) EPS for the quarter, missing the consensus estimate of $0.45 by ($1.95). The company had revenue of $155.50 million during the quarter, compared to analyst estimates of $223.52 million. PRA Group had a net margin of 2.10% and a return on equity of 1.50%. The firm’s revenue for the quarter was down 35.4% on a year-over-year basis. During the same quarter last year, the business earned $0.97 EPS. Equities research analysts expect that PRA Group, Inc. will post -0.92 EPS for the current fiscal year.

PRA Group Company Profile

(Get Rating)

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

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