Pra Group Inc (NASDAQ:PRAA) insider Steven C. Roberts sold 11,405 shares of Pra Group stock in a transaction dated Friday, March 17th. The stock was sold at an average price of $34.26, for a total value of $390,735.30. Following the completion of the sale, the insider now directly owns 19,254 shares of the company’s stock, valued at approximately $659,642.04. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Shares of Pra Group Inc (NASDAQ:PRAA) traded down 1.47% during midday trading on Monday, reaching $33.55. The company had a trading volume of 378,002 shares. The stock has a market capitalization of $1.56 billion, a PE ratio of 18.33 and a beta of 1.49. The company’s 50-day moving average is $38.16 and its 200-day moving average is $35.54. Pra Group Inc has a 1-year low of $21.93 and a 1-year high of $42.70.
Pra Group (NASDAQ:PRAA) last released its earnings results on Tuesday, February 28th. The company reported ($0.33) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.68 by $1.01. Pra Group had a return on equity of 17.26% and a net margin of 15.87%. The company earned $155.26 million during the quarter, compared to the consensus estimate of $221.22 million. During the same period last year, the firm posted $0.86 earnings per share. The company’s revenue was down 32.6% compared to the same quarter last year. On average, equities research analysts forecast that Pra Group Inc will post $2.58 EPS for the current year.
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A number of large investors have recently added to or reduced their stakes in the company. Norges Bank bought a new stake in Pra Group during the fourth quarter valued at approximately $18,549,000. Putnam Investments LLC bought a new stake in Pra Group during the fourth quarter valued at approximately $1,376,000. Thrivent Financial for Lutherans increased its stake in Pra Group by 7.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 25,270 shares of the company’s stock valued at $988,000 after buying an additional 1,730 shares during the period. Envestnet Asset Management Inc. increased its stake in Pra Group by 6.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 113,556 shares of the company’s stock valued at $4,440,000 after buying an additional 6,595 shares during the period. Finally, Osterweis Capital Management Inc. increased its stake in Pra Group by 102.6% in the fourth quarter. Osterweis Capital Management Inc. now owns 117,503 shares of the company’s stock valued at $4,594,000 after buying an additional 59,498 shares during the period.
Separately, Zacks Investment Research raised Pra Group from a “strong sell” rating to a “hold” rating in a report on Friday, March 3rd. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $37.00.
Pra Group Company Profile
PRA Group, Inc (PRA Group), formerly Portfolio Recovery Associates, Inc, is a financial and business services company with operations in the Americas and Europe. The Company is engaged in the acquisition and collection of nonperforming loans in the Americas and Europe. Its business focuses upon the acquisition, collection, and processing of both unpaid and normal-course accounts receivable originally owed to credit grantors, government entities and others.
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