PRA Group Inc. (NASDAQ:PRAA) insider Michael J. Petit sold 5,000 shares of the firm’s stock in a transaction dated Friday, October 7th. The stock was sold at an average price of $34.23, for a total transaction of $171,150.00. Following the completion of the sale, the insider now directly owns 96,857 shares of the company’s stock, valued at approximately $3,315,415.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

PRA Group Inc. (NASDAQ:PRAA) opened at 33.80 on Wednesday. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of 12.58 and a beta of 1.33. The stock’s 50 day moving average is $32.79 and its 200-day moving average is $29.01. PRA Group Inc. has a 12 month low of $20.00 and a 12 month high of $56.00.

PRA Group (NASDAQ:PRAA) last released its earnings results on Monday, August 8th. The company reported $0.83 EPS for the quarter, hitting analysts’ consensus estimates of $0.83. The business earned $228.50 million during the quarter, compared to analysts’ expectations 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 previous year, the company earned $1.06 earnings per share. On average, equities research analysts expect that PRA Group Inc. will post $2.95 earnings per share for the current year.

Hedge funds have recently made changes to their positions in the stock. WS Management Lllp acquired a new stake in shares of PRA Group during the second quarter valued at about $21,475,000. Cooke & Bieler LP boosted its stake in shares of PRA Group by 70.0% in the second quarter. Cooke & Bieler LP now owns 1,132,117 shares of the company’s stock valued at $27,329,000 after buying an additional 466,228 shares in the last quarter. Boston Partners acquired a new stake in shares of PRA Group during the second quarter valued at about $9,404,000. PNC Financial Services Group Inc. boosted its stake in shares of PRA Group by 17.7% in the second quarter. PNC Financial Services Group Inc. now owns 2,071,694 shares of the company’s stock valued at $50,011,000 after buying an additional 311,888 shares in the last quarter. Finally, Fiera Capital Corp acquired a new stake in shares of PRA Group during the second quarter valued at about $7,212,000.

Several brokerages have issued reports on PRAA. SunTrust Banks Inc. set a $42.00 price objective on shares of PRA Group and gave the stock a “buy” rating in a research note on Tuesday. Zacks Investment Research raised shares of PRA Group from a “sell” rating to a “hold” rating in a research note on Thursday, September 22nd. Finally, William Blair reissued an “outperform” rating on shares of PRA Group in a research note on Tuesday, September 20th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $34.20.

About PRA Group

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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