PRA Group Inc. (PRAA) Insider Michael J. Petit Sells 15,000 Shares
PRA Group Inc. (NASDAQ:PRAA) insider Michael J. Petit sold 15,000 shares of the firm’s stock in a transaction dated Friday, September 30th. The shares were sold at an average price of $34.21, for a total transaction of $513,150.00. Following the completion of the sale, the insider now owns 106,857 shares of the company’s stock, valued at approximately $3,655,577.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of PRA Group Inc. (NASDAQ:PRAA) opened at 34.98 on Wednesday. PRA Group Inc. has a one year low of $20.00 and a one year high of $56.00. The stock has a market capitalization of $1.62 billion, a P/E ratio of 13.02 and a beta of 1.33. The stock’s 50 day moving average is $32.00 and its 200-day moving average is $28.83.
PRA Group (NASDAQ:PRAA) last released its quarterly earnings results on Monday, August 8th. The company reported $0.83 EPS for the quarter, hitting the consensus estimate of $0.83. The business earned $228.50 million during the quarter, compared to analyst estimates of $227.92 million. PRA Group had a net margin of 13.89% and a return on equity of 19.50%. The company’s quarterly revenue was down 3.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.06 earnings per share. On average, equities research analysts expect that PRA Group Inc. will post $2.95 EPS for the current year.
A number of equities analysts have issued reports on the stock. Zacks Investment Research upgraded shares of PRA Group from a “sell” rating to a “hold” rating in a research report on Thursday, September 22nd. William Blair restated an “outperform” rating on shares of PRA Group in a research report on Tuesday, September 20th. Finally, First Analysis assumed coverage on shares of PRA Group in a research report on Tuesday, June 7th. They set an “overweight” rating for the company. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. PRA Group has a consensus rating of “Hold” and a consensus price target of $32.25.
Several institutional investors have recently added to or reduced their stakes in the company. GW&K Investment Management LLC raised its position in shares of PRA Group by 1.3% in the second quarter. GW&K Investment Management LLC now owns 618,097 shares of the company’s stock worth $14,921,000 after buying an additional 8,138 shares in the last quarter. Nexus Investment Management Inc. raised its position in shares of PRA Group by 3.2% in the second quarter. Nexus Investment Management Inc. now owns 371,350 shares of the company’s stock worth $8,964,000 after buying an additional 11,500 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in shares of PRA Group by 99.9% in the second quarter. BNP Paribas Arbitrage SA now owns 14,861 shares of the company’s stock worth $359,000 after buying an additional 7,427 shares in the last quarter. Avalon Advisors LLC raised its position in shares of PRA Group by 13.8% in the first quarter. Avalon Advisors LLC now owns 17,344 shares of the company’s stock worth $510,000 after buying an additional 2,106 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its position in shares of PRA Group by 33.2% in the first quarter. Envestnet Asset Management Inc. now owns 171,847 shares of the company’s stock worth $5,051,000 after buying an additional 42,800 shares in the last quarter.
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.
Receive News & Stock Ratings for PRA Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PRA Group Inc. and related stocks with our FREE daily email newsletter.