PRA Group (NASDAQ:PRAA) Shares Gap Up – What’s Next?

Shares of PRA Group, Inc. (NASDAQ:PRAA) gapped up prior to trading on Wednesday . The stock had previously closed at $17.10, but opened at $17.70. PRA Group shares last traded at $17.01, with a volume of 28,108 shares trading hands.

PRA Group Price Performance

The company has a 50 day moving average price of $20.43 and a 200 day moving average price of $21.01. The firm has a market cap of $664.56 million, a PE ratio of 9.40 and a beta of 1.52.

PRA Group (NASDAQ:PRAA) last announced its quarterly earnings data on Wednesday, February 19th. The business services provider reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.02. The firm had revenue of $293.23 million during the quarter, compared to the consensus estimate of $275.81 million. PRA Group had a net margin of 6.33% and a return on equity of 5.16%. On average, equities analysts anticipate that PRA Group, Inc. will post 2.1 earnings per share for the current fiscal year.

Hedge Funds Weigh In On PRA Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PRAA. Sterling Capital Management LLC increased its stake in PRA Group by 805.8% during the 4th quarter. Sterling Capital Management LLC now owns 1,241 shares of the business services provider’s stock worth $26,000 after buying an additional 1,104 shares during the period. FMR LLC raised its holdings in PRA Group by 55.0% in the third quarter. FMR LLC now owns 1,707 shares of the business services provider’s stock valued at $38,000 after acquiring an additional 606 shares in the last quarter. Quarry LP raised its stake in shares of PRA Group by 154.2% in the 4th quarter. Quarry LP now owns 3,345 shares of the business services provider’s stock valued at $70,000 after purchasing an additional 2,029 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in PRA Group in the fourth quarter worth about $134,000. Finally, Headlands Technologies LLC raised its stake in PRA Group by 231.3% during the fourth quarter. Headlands Technologies LLC now owns 7,278 shares of the business services provider’s stock valued at $152,000 after buying an additional 5,081 shares in the last quarter. Institutional investors and hedge funds own 97.22% 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.