PRA Group, Inc. (NASDAQ:PRAA) Stake Raised by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its holdings in shares of PRA Group, Inc. (NASDAQ:PRAA) by 1.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,743,076 shares of the business services provider’s stock after acquiring an additional 20,519 shares during the quarter. Dimensional Fund Advisors LP’s holdings in PRA Group were worth $34,268,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. US Bancorp DE increased its stake in PRA Group by 48.5% in the 4th quarter. US Bancorp DE now owns 44,237 shares of the business services provider’s stock valued at $1,159,000 after buying an additional 14,453 shares during the period. Redwood Investment Management LLC purchased a new position in shares of PRA Group during the 4th quarter valued at $3,268,000. PNC Financial Services Group Inc. increased its stake in shares of PRA Group by 11.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,931 shares of the business services provider’s stock worth $103,000 after acquiring an additional 419 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in shares of PRA Group during the fourth quarter worth $454,000. Finally, BNP Paribas Financial Markets boosted its position in PRA Group by 36.8% during the first quarter. BNP Paribas Financial Markets now owns 42,958 shares of the business services provider’s stock valued at $1,120,000 after purchasing an additional 11,567 shares during the last quarter. Institutional investors and hedge funds own 97.22% of the company’s stock.

PRA Group Stock Down 2.5 %

Shares of PRAA opened at $21.81 on Wednesday. The stock’s 50-day moving average price is $22.68 and its 200 day moving average price is $22.76. The firm has a market capitalization of $858.27 million, a price-to-earnings ratio of -40.39 and a beta of 1.49. PRA Group, Inc. has a 12-month low of $11.85 and a 12-month high of $31.43.

PRA Group (NASDAQ:PRAA) last announced its quarterly earnings results on Monday, August 5th. The business services provider reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.46. The firm had revenue of $284.20 million during the quarter, compared to analysts’ expectations of $245.04 million. PRA Group had a net margin of 0.40% and a return on equity of 0.33%. The company’s revenue for the quarter was up 35.9% compared to the same quarter last year. During the same quarter last year, the company earned ($0.10) earnings per share. Equities research analysts expect that PRA Group, Inc. will post 1.33 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Truist Financial cut their price target on PRA Group from $42.00 to $28.00 and set a “buy” rating for the company in a research note on Tuesday, August 20th. StockNews.com upgraded shares of PRA Group from a “hold” rating to a “buy” rating in a research note on Tuesday, September 17th.

Insider Activity at PRA Group

In other news, Director Geir Olsen bought 11,750 shares of the business’s stock in a transaction dated Wednesday, August 7th. The stock was bought at an average price of $21.39 per share, for a total transaction of $251,332.50. Following the completion of the purchase, the director now owns 11,750 shares of the company’s stock, valued at approximately $251,332.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.00% of the stock is currently owned by insiders.

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.