PRA Group (NASDAQ:PRAA) Reaches New 12-Month Low – Here’s What Happened

PRA Group, Inc. (NASDAQ:PRAA) reached a new 52-week low during trading on Wednesday . The stock traded as low as $18.40 and last traded at $18.21, with a volume of 52172 shares changing hands. The stock had previously closed at $18.98.

PRA Group Stock Performance

The company’s fifty day moving average price is $21.45 and its 200 day moving average price is $21.50. The firm has a market capitalization of $774.40 million, a price-to-earnings ratio of 10.95 and a beta of 1.64.

PRA Group (NASDAQ:PRAA) last posted its earnings results on Wednesday, February 19th. The business services provider reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.02. PRA Group had a net margin of 6.33% and a return on equity of 5.16%. The firm had revenue of $293.23 million during the quarter, compared to analyst estimates of $275.81 million. As a group, sell-side analysts expect that PRA Group, Inc. will post 2.1 earnings per share for the current year.

Institutional Trading of PRA Group

A number of hedge funds and other institutional investors have recently made changes to their positions in PRAA. Vanguard Group Inc. increased its position in shares of PRA Group by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 4,300,675 shares of the business services provider’s stock worth $89,841,000 after acquiring an additional 21,625 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of PRA Group by 6.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,934,124 shares of the business services provider’s stock worth $40,404,000 after buying an additional 121,109 shares during the last quarter. Global Alpha Capital Management Ltd. raised its stake in PRA Group by 4.3% during the 4th quarter. Global Alpha Capital Management Ltd. now owns 1,896,000 shares of the business services provider’s stock valued at $39,607,000 after purchasing an additional 78,200 shares during the last quarter. State Street Corp raised its stake in PRA Group by 1.0% during the 3rd quarter. State Street Corp now owns 1,502,427 shares of the business services provider’s stock valued at $33,594,000 after purchasing an additional 14,758 shares during the last quarter. Finally, Royal Bank of Canada raised its stake in shares of PRA Group by 15.6% in the 4th quarter. Royal Bank of Canada now owns 1,018,884 shares of the business services provider’s stock valued at $21,284,000 after buying an additional 137,397 shares in the last quarter. 97.22% of the stock is currently owned by institutional investors.

About PRA Group

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.