PRA Group (NASDAQ:PRAA) Director Purchases $212,250.00 in Stock

PRA Group, Inc. (NASDAQ:PRAA) Director Geir Olsen purchased 15,000 shares of the stock in a transaction dated Thursday, November 6th. The shares were purchased at an average cost of $14.15 per share, for a total transaction of $212,250.00. Following the completion of the acquisition, the director directly owned 58,933 shares in the company, valued at approximately $833,901.95. This trade represents a 34.14% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

PRA Group Stock Performance

PRAA stock opened at $15.96 on Thursday. PRA Group, Inc. has a fifty-two week low of $12.29 and a fifty-two week high of $23.97. The business’s 50-day moving average is $15.14 and its two-hundred day moving average is $15.40. The company has a market cap of $623.62 million, a price-to-earnings ratio of 6.85 and a beta of 1.41.

PRA Group (NASDAQ:PRAA) last released its quarterly earnings results on Monday, November 3rd. The business services provider reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.03. PRA Group had a return on equity of 6.52% and a net margin of 8.10%.The business had revenue of $247.08 million during the quarter, compared to the consensus estimate of $295.77 million. Equities analysts predict that PRA Group, Inc. will post 2.1 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in PRAA. GAMMA Investing LLC grew its holdings in PRA Group by 301.0% during the 3rd quarter. GAMMA Investing LLC now owns 1,684 shares of the business services provider’s stock valued at $26,000 after buying an additional 1,264 shares in the last quarter. CWM LLC boosted its position in shares of PRA Group by 140.0% during the third quarter. CWM LLC now owns 4,618 shares of the business services provider’s stock worth $71,000 after acquiring an additional 2,694 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in PRA Group by 375.1% during the second quarter. Tower Research Capital LLC TRC now owns 4,784 shares of the business services provider’s stock valued at $71,000 after acquiring an additional 3,777 shares in the last quarter. Advent Capital Management DE bought a new stake in PRA Group in the 2nd quarter valued at $84,000. Finally, Globeflex Capital L P purchased a new stake in PRA Group in the 2nd quarter worth $102,000. 97.22% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on PRAA. Zacks Research upgraded shares of PRA Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 6th. Wall Street Zen upgraded PRA Group from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Truist Financial cut their price target on PRA Group from $33.00 to $26.00 and set a “buy” rating for the company in a report on Tuesday, November 4th. JMP Securities set a $24.00 price objective on PRA Group and gave the stock a “market outperform” rating in a research note on Tuesday, August 5th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of PRA Group in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $25.00.

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.