Peregrine Capital Management LLC Sells 6,772 Shares of PRA Group, Inc. (NASDAQ:PRAA)

Peregrine Capital Management LLC decreased its position in PRA Group, Inc. (NASDAQ:PRAA) by 3.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 185,587 shares of the business services provider’s stock after selling 6,772 shares during the quarter. Peregrine Capital Management LLC’s holdings in PRA Group were worth $3,877,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Quarry LP increased its position in PRA Group by 282.6% during the third quarter. Quarry LP now owns 1,316 shares of the business services provider’s stock worth $29,000 after acquiring an additional 972 shares during the period. FMR LLC increased its position in PRA Group by 55.0% during the third quarter. FMR LLC now owns 1,707 shares of the business services provider’s stock worth $38,000 after acquiring an additional 606 shares during the period. Point72 DIFC Ltd increased its position in PRA Group by 388.6% during the third quarter. Point72 DIFC Ltd now owns 2,150 shares of the business services provider’s stock worth $48,000 after acquiring an additional 1,710 shares during the period. ClearAlpha Technologies LP bought a new position in PRA Group during the third quarter worth $294,000. Finally, Verition Fund Management LLC bought a new position in PRA Group during the third quarter worth $303,000. Institutional investors own 97.22% of the company’s stock.

Analysts Set New Price Targets

Separately, Truist Financial boosted their target price on shares of PRA Group from $28.00 to $31.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th.

PRA Group Price Performance

Shares of PRA Group stock opened at $23.66 on Thursday. The firm has a market capitalization of $932.91 million, a PE ratio of 21.51 and a beta of 1.49. The company’s fifty day moving average price is $21.61 and its two-hundred day moving average price is $21.71. PRA Group, Inc. has a 52-week low of $18.64 and a 52-week high of $28.64.

PRA Group (NASDAQ:PRAA) last announced its quarterly earnings results on Wednesday, February 19th. The business services provider reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.02. PRA Group had a net margin of 4.16% and a return on equity of 2.90%. Analysts predict that PRA Group, Inc. will post 1.57 earnings per share for the current fiscal 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.