PRA Group (NASDAQ:PRAA) Stock Price Down 4.9%

PRA Group, Inc. (NASDAQ:PRAA)’s stock price fell 4.9% on Tuesday . The company traded as low as $19.33 and last traded at $19.37. 36,625 shares changed hands during mid-day trading, a decline of 82% from the average session volume of 207,019 shares. The stock had previously closed at $20.37.

Analyst Upgrades and Downgrades

Several research firms have commented on PRAA. JMP Securities reaffirmed a “market outperform” rating and issued a $33.00 price target on shares of PRA Group in a report on Tuesday, May 7th. StockNews.com upgraded PRA Group from a “hold” rating to a “buy” rating in a research note on Friday, May 24th.

PRA Group Stock Up 1.4 %

The business’s 50 day moving average is $22.56 and its 200-day moving average is $23.82.

PRA Group (NASDAQ:PRAA) last announced its earnings results on Monday, May 6th. The business services provider reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.24. PRA Group had a negative net margin of 2.37% and a negative return on equity of 1.76%. The business had revenue of $255.59 million for the quarter, compared to analyst estimates of $233.37 million. During the same quarter last year, the business earned ($1.50) earnings per share. The company’s revenue for the quarter was up 64.4% compared to the same quarter last year. Equities analysts expect that PRA Group, Inc. will post 0.7 earnings per share for the current fiscal year.

Insider Buying and Selling at PRA Group

In related news, CEO Vikram A. Atal sold 5,830 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $24.39, for a total value of $142,193.70. Following the completion of the transaction, the chief executive officer now directly owns 155,625 shares of the company’s stock, valued at approximately $3,795,693.75. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 2.00% of the company’s stock.

Institutional Trading of PRA Group

Hedge funds have recently bought and sold shares of the business. CWM LLC grew its position in shares of PRA Group by 90.5% in the fourth quarter. CWM LLC now owns 1,189 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 565 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in PRA Group by 1,032.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 3,512 shares of the business services provider’s stock valued at $67,000 after buying an additional 3,202 shares in the last quarter. SG Americas Securities LLC purchased a new stake in PRA Group in the 1st quarter valued at $103,000. ProShare Advisors LLC acquired a new stake in shares of PRA Group in the 1st quarter worth $203,000. Finally, Graham Capital Management L.P. purchased a new position in shares of PRA Group during the 3rd quarter worth $303,000. Institutional investors and hedge funds own 97.22% of the company’s stock.

PRA Group Company 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.