PRA Group, Inc. (NASDAQ:PRAA) Shares Sold by Royce & Associates LP

Royce & Associates LP lowered its position in PRA Group, Inc. (NASDAQ:PRAA) by 1.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 702,492 shares of the business services provider’s stock after selling 7,068 shares during the quarter. Royce & Associates LP owned 1.78% of PRA Group worth $14,675,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in PRAA. Raymond James Financial Inc. purchased a new stake in shares of PRA Group during the 4th quarter worth about $7,657,000. Capital Management Corp VA purchased a new stake in PRA Group during the fourth quarter worth approximately $4,659,000. Global Alpha Capital Management Ltd. increased its position in shares of PRA Group by 4.3% in the fourth quarter. Global Alpha Capital Management Ltd. now owns 1,896,000 shares of the business services provider’s stock worth $39,607,000 after acquiring an additional 78,200 shares in the last quarter. Jane Street Group LLC raised its stake in shares of PRA Group by 92.8% in the 3rd quarter. Jane Street Group LLC now owns 88,634 shares of the business services provider’s stock valued at $1,982,000 after acquiring an additional 42,656 shares during the period. Finally, Barclays PLC lifted its holdings in shares of PRA Group by 55.0% during the 3rd quarter. Barclays PLC now owns 117,053 shares of the business services provider’s stock valued at $2,618,000 after acquiring an additional 41,525 shares in the last quarter. Hedge funds and other institutional investors own 97.22% of the company’s stock.

PRA Group Price Performance

NASDAQ:PRAA opened at $19.58 on Tuesday. The business’s 50-day moving average is $21.41 and its two-hundred day moving average is $21.43. The firm has a market capitalization of $773.61 million, a PE ratio of 10.94 and a beta of 1.64. PRA Group, Inc. has a 12 month low of $18.09 and a 12 month high of $28.64.

PRA Group (NASDAQ:PRAA) last released its quarterly earnings results on Wednesday, February 19th. The business services provider reported $0.47 EPS for the quarter, topping the consensus estimate of $0.45 by $0.02. The firm had revenue of $293.23 million for the quarter, compared to analyst estimates of $275.81 million. PRA Group had a return on equity of 5.16% and a net margin of 6.33%. Equities analysts anticipate that PRA Group, Inc. will post 2.1 EPS for the current year.

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.