Insider Selling: PRA Group, Inc. (NASDAQ:PRAA) CEO Sells 5,830 Shares of Stock

PRA Group, Inc. (NASDAQ:PRAA) CEO Vikram A. Atal sold 5,830 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $24.39, for a total transaction of $142,193.70. Following the completion of the transaction, the chief executive officer now owns 155,625 shares in the company, valued at $3,795,693.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

PRA Group Stock Performance

PRAA stock opened at $23.48 on Friday. PRA Group, Inc. has a 1-year low of $11.85 and a 1-year high of $38.17. The company’s 50 day moving average is $24.98 and its 200 day moving average is $21.94.

PRA Group (NASDAQ:PRAA) last issued its quarterly earnings results on Thursday, February 15th. The business services provider reported ($0.22) EPS for the quarter, beating analysts’ consensus estimates of ($0.35) by $0.13. PRA Group had a negative net margin of 10.40% and a negative return on equity of 6.82%. The business had revenue of $221.42 million for the quarter, compared to analysts’ expectations of $208.25 million. During the same period last year, the business earned $0.41 earnings per share. The business’s quarterly revenue was down .6% on a year-over-year basis. Research analysts forecast that PRA Group, Inc. will post 0.35 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. CWM LLC grew its position in PRA Group by 90.5% during the fourth quarter. CWM LLC now owns 1,189 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 565 shares during the last quarter. Group One Trading L.P. grew its position in PRA Group by 106.7% during the first quarter. Group One Trading L.P. now owns 700 shares of the business services provider’s stock valued at $32,000 after acquiring an additional 11,133 shares during the last quarter. Tower Research Capital LLC TRC grew its position in PRA Group by 147.2% during the first quarter. Tower Research Capital LLC TRC now owns 1,073 shares of the business services provider’s stock valued at $42,000 after acquiring an additional 639 shares during the last quarter. Point72 Hong Kong Ltd grew its position in PRA Group by 38.2% during the first quarter. Point72 Hong Kong Ltd now owns 1,050 shares of the business services provider’s stock valued at $47,000 after acquiring an additional 290 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its position in PRA Group by 1,032.9% during the third quarter. PNC Financial Services Group Inc. now owns 3,512 shares of the business services provider’s stock valued at $67,000 after acquiring an additional 3,202 shares during the last quarter. 97.22% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on PRAA shares. JMP Securities upped their price objective on shares of PRA Group from $26.00 to $33.00 and gave the stock a “market outperform” rating in a research report on Friday, February 16th. StockNews.com upgraded shares of PRA Group from a “sell” rating to a “hold” rating in a research report on Friday, February 16th.

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.