PRA Group Inc. (NASDAQ:PRAA) shares rose 3.4% during mid-day trading on Tuesday . The stock traded as high as $30.50 and last traded at $30.30, with a volume of 183,737 shares changing hands. The stock had previously closed at $29.31.

Several research analysts have weighed in on PRAA shares. Zacks Investment Research raised PRA Group from a “sell” rating to a “hold” rating in a research report on Tuesday, August 16th. First Analysis started coverage on PRA Group in a research report on Tuesday, June 7th. They issued an “overweight” rating on the stock. William Blair reissued an “outperform” rating on shares of PRA Group in a research report on Friday, May 6th. Finally, Raymond James Financial Inc. cut PRA Group from a “strong-buy” rating to an “outperform” rating and cut their price objective for the stock from $47.00 to $32.00 in a research report on Tuesday, May 10th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $32.25.

The stock has a market cap of $1.36 billion and a PE ratio of 10.94. The company’s 50-day moving average price is $27.55 and its 200 day moving average price is $27.76.

PRA Group (NASDAQ:PRAA) last announced its earnings results on Monday, August 8th. The company reported $0.83 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.83. The firm earned $228.50 million during the quarter, compared to the consensus estimate of $227.92 million. During the same period in the prior year, the company posted $1.06 EPS. The firm’s revenue was down 3.7% on a year-over-year basis. Equities analysts forecast that PRA Group Inc. will post $2.95 earnings per share for the current fiscal year.

In other news, insider Michael J. Petit sold 3,000 shares of the stock in a transaction that occurred on Friday, July 22nd. The stock was sold at an average price of $28.11, for a total value of $84,330.00. Following the completion of the transaction, the insider now owns 125,157 shares of the company’s stock, valued at approximately $3,518,163.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael J. Petit sold 8,300 shares of the firm’s stock in a transaction that occurred on Tuesday, August 9th. The shares were sold at an average price of $28.93, for a total value of $240,119.00. Following the transaction, the insider now directly owns 116,857 shares of the company’s stock, valued at approximately $3,380,673.01. The disclosure for this sale can be found here.

A hedge fund recently raised its stake in PRA Group stock. Principal Financial Group Inc. increased its position in shares of PRA Group Inc. (NASDAQ:PRAA) by 4.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 326,236 shares of the company’s stock after buying an additional 12,911 shares during the period. Principal Financial Group Inc. owned 0.68% of PRA Group worth $11,317,000 as of its most recent filing with the SEC.

PRA Group, Inc (PRA Group), formerly Portfolio Recovery Associates, Inc, is a financial and business services company with operations in the Americas and Europe. The Company is engaged in the acquisition and collection of nonperforming loans in the Americas and Europe. Its business focuses upon the acquisition, collection, and processing of both unpaid and normal-course accounts receivable originally owed to credit grantors, government entities and others.

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