Wolverine Asset Management LLC Invests $419,000 in PRA Group, Inc. (NASDAQ:PRAA)

Wolverine Asset Management LLC bought a new position in PRA Group, Inc. (NASDAQ:PRAA) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 18,754 shares of the business services provider’s stock, valued at approximately $419,000.

A number of other large investors have also bought and sold shares of PRAA. Texas Permanent School Fund Corp raised its position in PRA Group by 1.5% in the 1st quarter. Texas Permanent School Fund Corp now owns 34,176 shares of the business services provider’s stock valued at $891,000 after purchasing an additional 504 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of PRA Group by 5.0% in the second quarter. The Manufacturers Life Insurance Company now owns 14,929 shares of the business services provider’s stock valued at $294,000 after buying an additional 712 shares during the last quarter. Sei Investments Co. lifted its position in PRA Group by 0.9% during the 2nd quarter. Sei Investments Co. now owns 95,473 shares of the business services provider’s stock worth $1,877,000 after buying an additional 826 shares in the last quarter. Quest Partners LLC grew its holdings in PRA Group by 14.2% during the 2nd quarter. Quest Partners LLC now owns 10,179 shares of the business services provider’s stock worth $200,000 after acquiring an additional 1,267 shares during the last quarter. Finally, nVerses Capital LLC increased its position in PRA Group by 700.0% in the 2nd quarter. nVerses Capital LLC now owns 1,600 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 1,400 shares in the last quarter. 97.22% of the stock is currently owned by institutional investors.

PRA Group Trading Down 0.3 %

PRA Group stock opened at $23.31 on Thursday. The company has a market cap of $919.11 million, a PE ratio of 21.19 and a beta of 1.50. PRA Group, Inc. has a 1 year low of $16.58 and a 1 year high of $31.43. The company’s 50-day moving average is $21.50 and its two-hundred day moving average is $22.03.

PRA Group (NASDAQ:PRAA) last announced its quarterly earnings data on Monday, November 4th. The business services provider reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.37. PRA Group had a net margin of 4.16% and a return on equity of 2.90%. The business had revenue of $281.48 million for the quarter, compared to analyst estimates of $262.20 million. During the same period in the prior year, the business posted ($0.31) earnings per share. PRA Group’s revenue was up 30.1% compared to the same quarter last year. Research analysts forecast that PRA Group, Inc. will post 1.57 EPS for the current year.

Wall Street Analysts Forecast Growth

PRAA has been the topic of a number of research reports. StockNews.com upgraded shares of PRA Group from a “hold” rating to a “buy” rating in a research report on Wednesday, October 16th. Truist Financial increased their price objective on PRA Group from $28.00 to $31.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th.

PRA Group Profile

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.