PRA Group, Inc. $PRAA is Topline Capital Management LLC’s 5th Largest Position

Topline Capital Management LLC increased its holdings in PRA Group, Inc. (NASDAQ:PRAA) by 16.2% during the 3rd quarter, HoldingsChannel reports. The firm owned 2,615,711 shares of the business services provider’s stock after buying an additional 365,082 shares during the period. PRA Group accounts for approximately 6.9% of Topline Capital Management LLC’s portfolio, making the stock its 5th largest position. Topline Capital Management LLC owned 0.07% of PRA Group worth $40,387,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. iSAM Funds UK Ltd purchased a new position in shares of PRA Group in the 3rd quarter worth $107,000. Wellington Management Group LLP raised its position in shares of PRA Group by 13.8% during the 3rd quarter. Wellington Management Group LLP now owns 1,140,310 shares of the business services provider’s stock valued at $17,606,000 after buying an additional 138,256 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of PRA Group during the 3rd quarter valued at about $955,000. Russell Investments Group Ltd. lifted its holdings in shares of PRA Group by 46.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 55,787 shares of the business services provider’s stock valued at $861,000 after acquiring an additional 17,583 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in PRA Group in the third quarter worth about $156,000. Hedge funds and other institutional investors own 97.22% of the company’s stock.

PRA Group Stock Performance

PRA Group stock opened at $16.73 on Friday. The company has a market capitalization of $643.27 million, a PE ratio of -2.14 and a beta of 1.23. The company has a 50 day moving average price of $14.55 and a 200-day moving average price of $15.47. PRA Group, Inc. has a fifty-two week low of $10.25 and a fifty-two week high of $22.01.

PRA Group (NASDAQ:PRAA) last announced its quarterly earnings data on Thursday, February 26th. The business services provider reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.96. The company had revenue of $333.39 million for the quarter, compared to analysts’ expectations of $288.86 million. PRA Group had a positive return on equity of 10.50% and a negative net margin of 25.39%. On average, analysts forecast that PRA Group, Inc. will post 2.1 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Zacks Research cut PRA Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 5th. Citigroup cut PRA Group from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 28th. Weiss Ratings restated a “sell (d)” rating on shares of PRA Group in a report on Monday, December 29th. Finally, Citizens Jmp downgraded PRA Group from a “market outperform” rating to a “market perform” rating in a research report on Wednesday, January 28th. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $25.00.

About PRA Group

PRA Group, Inc is a global specialty finance company focused on the acquisition and management of nonperforming loans. Founded in 1996 as Portfolio Recovery Associates, the company purchases defaulted consumer and commercial receivables at discounted rates from financial institutions, utilities and other creditors. By combining rigorous analytics with a consumer-centric ethos, PRA Group seeks to maximize recoveries while maintaining respectful and compliant interactions with debtors.

The company’s core activities include first-party and third-party collections across a range of asset classes such as credit cards, auto loans and utility receivables.