PRA Group Inc. (PRAA) Insider Michael J. Petit Sells 15,000 Shares
PRA Group Inc. (NASDAQ:PRAA) insider Michael J. Petit sold 15,000 shares of the stock in a transaction dated Friday, September 30th. The shares were sold at an average price of $34.21, for a total transaction of $513,150.00. Following the completion of the transaction, the insider now owns 106,857 shares of the company’s stock, valued at approximately $3,655,577.97. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of PRA Group Inc. (NASDAQ:PRAA) opened at 34.98 on Wednesday. PRA Group Inc. has a one year low of $20.00 and a one year high of $56.00. The firm has a market capitalization of $1.62 billion, a P/E ratio of 13.02 and a beta of 1.33. The firm has a 50-day moving average of $32.00 and a 200-day moving average of $28.83.
PRA Group (NASDAQ:PRAA) last issued its quarterly earnings data on Monday, August 8th. The company reported $0.83 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.83. The company earned $228.50 million during the quarter, compared to analysts’ expectations of $227.92 million. PRA Group had a return on equity of 19.50% and a net margin of 13.89%. The business’s revenue was down 3.7% on a year-over-year basis. During the same period last year, the business earned $1.06 earnings per share. On average, equities analysts predict that PRA Group Inc. will post $2.95 earnings per share for the current fiscal year.
A number of equities analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of PRA Group from a “sell” rating to a “hold” rating in a research report on Thursday, September 22nd. William Blair reiterated an “outperform” rating on shares of PRA Group in a research report on Tuesday, September 20th. Finally, First Analysis started coverage on shares of PRA Group in a research report on Tuesday, June 7th. They issued an “overweight” rating for the company. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. PRA Group has a consensus rating of “Hold” and an average price target of $32.25.
Several hedge funds and other institutional investors have recently modified their holdings of PRAA. WS Management Lllp bought a new position in shares of PRA Group during the second quarter worth about $21,475,000. Cooke & Bieler LP boosted its position in shares of PRA Group by 70.0% in the second quarter. Cooke & Bieler LP now owns 1,132,117 shares of the company’s stock worth $27,329,000 after buying an additional 466,228 shares during the last quarter. Boston Partners bought a new position in shares of PRA Group during the second quarter worth about $9,404,000. PNC Financial Services Group Inc. boosted its position in shares of PRA Group by 17.7% in the second quarter. PNC Financial Services Group Inc. now owns 2,071,694 shares of the company’s stock worth $50,011,000 after buying an additional 311,888 shares during the last quarter. Finally, Fiera Capital Corp bought a new position in shares of PRA Group during the second quarter worth about $7,212,000.
About PRA Group
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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