PRA Group (NASDAQ:PRAA) Earns Hold Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of PRA Group (NASDAQ:PRAA – Get Rating) in a report published on Thursday morning. The firm issued a hold rating on the business services provider’s stock.

Other analysts also recently issued reports about the company. TheStreet upgraded PRA Group from a c+ rating to a b- rating in a research report on Thursday, January 26th. JMP Securities reiterated a market outperform rating and issued a $50.00 target price on shares of PRA Group in a research note on Friday, March 10th.

PRA Group Stock Performance

PRAA opened at $39.55 on Thursday. The business’s fifty day moving average is $39.62 and its two-hundred day moving average is $35.69. The company has a market cap of $1.54 billion, a price-to-earnings ratio of 13.54 and a beta of 1.18. PRA Group has a one year low of $29.68 and a one year high of $46.14.

PRA Group (NASDAQ:PRAA – Get Rating) last issued its quarterly earnings data on Monday, February 27th. The business services provider reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.14. PRA Group had a return on equity of 9.26% and a net margin of 12.12%. The business had revenue of $222.85 million for the quarter, compared to the consensus estimate of $219.13 million. During the same period in the prior year, the business earned $0.79 earnings per share. The business’s revenue was down 13.3% on a year-over-year basis. On average, analysts predict that PRA Group will post 1.96 EPS for the current fiscal year.

Insider Activity at PRA Group

In other PRA Group news, Chairman Steven D. Fredrickson sold 10,000 shares of the company’s stock in a transaction dated Tuesday, February 28th. The stock was sold at an average price of $42.52, for a total transaction of $425,200.00. Following the completion of the sale, the chairman now directly owns 103,920 shares in the company, valued at $4,418,678.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Chairman Steven D. Fredrickson sold 1,000 shares of the stock in a transaction dated Tuesday, January 31st. The stock was sold at an average price of $40.00, for a total value of $40,000.00. Following the completion of the sale, the chairman now owns 118,920 shares in the company, valued at $4,756,800. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Steven D. Fredrickson sold 10,000 shares of the stock in a transaction dated Tuesday, February 28th. The shares were sold at an average price of $42.52, for a total value of $425,200.00. Following the completion of the sale, the chairman now owns 103,920 shares of the company’s stock, valued at approximately $4,418,678.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 20,000 shares of company stock worth $830,400. 2.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Group One Trading L.P. boosted its holdings in 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 purchasing an additional 11,133 shares during the last quarter. Quadrant Capital Group LLC purchased a new position in PRA Group in the third quarter valued at about $34,000. Point72 Hong Kong Ltd boosted its holdings in PRA Group by 38.2% in the first quarter. Point72 Hong Kong Ltd now owns 1,050 shares of the business services provider’s stock valued at $47,000 after purchasing an additional 290 shares during the last quarter. CWM LLC boosted its holdings in PRA Group by 4,535.3% in the fourth quarter. CWM LLC now owns 1,576 shares of the business services provider’s stock valued at $53,000 after purchasing an additional 1,542 shares during the last quarter. Finally, IFP Advisors Inc boosted its holdings in PRA Group by 28.3% in the third quarter. IFP Advisors Inc now owns 1,597 shares of the business services provider’s stock valued at $74,000 after purchasing an additional 352 shares during the last quarter.

PRA Group Company Profile

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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.