18,681 Shares in PRA Group, Inc. (NASDAQ:PRAA) Purchased by Wealthfront Advisers LLC

Wealthfront Advisers LLC bought a new position in shares of PRA Group, Inc. (NASDAQ:PRAA) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 18,681 shares of the business services provider’s stock, valued at approximately $390,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PRAA. Raymond James Financial Inc. bought a new position in PRA Group during the fourth quarter valued at approximately $7,657,000. Capital Management Corp VA bought a new position in PRA Group during the fourth quarter valued at approximately $4,659,000. Global Alpha Capital Management Ltd. boosted its stake in PRA Group by 4.3% during the fourth quarter. Global Alpha Capital Management Ltd. now owns 1,896,000 shares of the business services provider’s stock valued at $39,607,000 after buying an additional 78,200 shares during the last quarter. Jane Street Group LLC boosted its stake in PRA Group by 92.8% during the third quarter. Jane Street Group LLC now owns 88,634 shares of the business services provider’s stock valued at $1,982,000 after buying an additional 42,656 shares during the last quarter. Finally, Barclays PLC boosted its stake in PRA Group by 55.0% during the third quarter. Barclays PLC now owns 117,053 shares of the business services provider’s stock valued at $2,618,000 after buying an additional 41,525 shares during the last quarter. 97.22% of the stock is owned by institutional investors.

PRA Group Trading Up 4.1 %

Shares of PRA Group stock opened at $19.60 on Monday. The stock has a 50 day moving average of $21.43 and a 200 day moving average of $21.46. PRA Group, Inc. has a 12 month low of $18.09 and a 12 month high of $28.64. The firm has a market cap of $774.40 million, a PE ratio of 10.95 and a beta of 1.64.

PRA Group (NASDAQ:PRAA) last posted its quarterly earnings data 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. The business had revenue of $293.23 million during the quarter, compared to analyst estimates of $275.81 million. PRA Group had a return on equity of 5.16% and a net margin of 6.33%. As a group, equities research analysts forecast that PRA Group, Inc. will post 2.1 earnings per share for the current fiscal year.

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.