PRA Group Inc. (PRAA) Insider Michael J. Petit Sells 5,500 Shares
PRA Group Inc. (NASDAQ:PRAA) insider Michael J. Petit sold 5,500 shares of PRA Group stock in a transaction on Friday, November 18th. The stock was sold at an average price of $34.26, for a total value of $188,430.00. Following the sale, the insider now directly owns 91,857 shares of the company’s stock, valued at $3,147,020.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
PRA Group Inc. (NASDAQ:PRAA) traded down 1.00% during mid-day trading on Tuesday, reaching $34.60. The company had a trading volume of 12,234 shares. The company has a market capitalization of $1.60 billion, a P/E ratio of 11.26 and a beta of 1.38. The stock has a 50 day moving average price of $32.35 and a 200 day moving average price of $29.21. PRA Group Inc. has a one year low of $20.00 and a one year high of $41.69.
PRA Group (NASDAQ:PRAA) last posted its quarterly earnings data on Monday, November 7th. The company reported $0.68 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.71 by $0.03. The company earned $222 million during the quarter, compared to analyst estimates of $229.85 million. PRA Group had a net margin of 15.87% and a return on equity of 17.26%. The business’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.99 earnings per share. On average, equities analysts expect that PRA Group Inc. will post $2.87 earnings per share for the current fiscal year.
A number of hedge funds have recently bought and sold shares of the stock. Cooke & Bieler LP increased its stake in PRA Group by 70.0% in the second quarter. Cooke & Bieler LP now owns 1,132,117 shares of the company’s stock worth $27,329,000 after buying an additional 466,228 shares during the last quarter. BloombergSen Inc. increased its stake in shares of PRA Group by 1.6% in the second quarter. BloombergSen Inc. now owns 1,948,627 shares of the company’s stock worth $47,040,000 after buying an additional 30,567 shares during the last quarter. GW&K Investment Management LLC increased its stake 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 during the last quarter. Genesee Valley Trust Co. acquired a new stake in shares of PRA Group during the second quarter worth $900,000. Finally, Bank of Montreal Can acquired a new stake in shares of PRA Group during the second quarter worth $256,000.
A number of equities research analysts recently commented on the company. Zacks Investment Research raised PRA Group from a “sell” rating to a “hold” rating in a research note on Thursday, November 10th. Raymond James Financial Inc. cut PRA Group from an “outperform” rating to a “mkt perform” rating in a research note on Wednesday, November 9th. SunTrust Banks Inc. set a $42.00 price objective on PRA Group and gave the stock a “buy” rating in a research note on Tuesday, October 11th. Finally, William Blair reaffirmed 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 three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $34.20.
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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