Peregrine Capital Management LLC Boosts Holdings in Pra Group Inc (NASDAQ:PRAA)

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Peregrine Capital Management LLC lifted its stake in Pra Group Inc (NASDAQ:PRAA) by 1.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 163,985 shares of the business services provider’s stock after purchasing an additional 2,411 shares during the period. Peregrine Capital Management LLC owned 0.36% of Pra Group worth $6,340,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Chartwell Investment Partners LLC lifted its position in Pra Group by 4.0% during the 2nd quarter. Chartwell Investment Partners LLC now owns 526,070 shares of the business services provider’s stock valued at $20,338,000 after acquiring an additional 20,000 shares during the period. Chicago Capital LLC purchased a new position in Pra Group during the 2nd quarter valued at about $252,000. GWM Advisors LLC purchased a new position in Pra Group during the 2nd quarter valued at about $1,192,000. DAVENPORT & Co LLC purchased a new position in Pra Group during the 2nd quarter valued at about $1,213,000. Finally, Wakefield Asset Management LLLP purchased a new position in Pra Group during the 2nd quarter valued at about $665,000.

Shares of PRAA stock opened at $39.56 on Friday. The company has a 50 day moving average price of $38.19 and a 200-day moving average price of $33.97. Pra Group Inc has a 52 week low of $19.40 and a 52 week high of $41.07. The firm has a market capitalization of $1.80 billion, a PE ratio of 19.98 and a beta of 1.40. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.06.

Pra Group (NASDAQ:PRAA) last issued its quarterly earnings results on Thursday, May 7th. The business services provider reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.18. Pra Group had a net margin of 8.80% and a return on equity of 7.76%. The business had revenue of $251.78 million for the quarter, compared to the consensus estimate of $241.60 million. During the same quarter in the previous year, the firm earned $0.34 earnings per share. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. Analysts anticipate that Pra Group Inc will post 2.42 earnings per share for the current year.

A number of research analysts recently issued reports on PRAA shares. JMP Securities lifted their price target on shares of Pra Group from $35.00 to $45.00 in a research report on Wednesday, June 10th. Keefe, Bruyette & Woods upgraded shares of Pra Group from a “market perform” rating to an “outperform” rating and set a $35.00 price objective for the company in a research note on Sunday, April 12th. BidaskClub upgraded shares of Pra Group from a “sell” rating to a “hold” rating in a research note on Thursday, April 30th. Finally, ValuEngine lowered shares of Pra Group from a “hold” rating to a “sell” rating in a research note on Wednesday, June 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $37.33.

In related news, EVP Christopher D. Lagow sold 2,688 shares of the business’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $38.00, for a total value of $102,144.00. Following the sale, the executive vice president now owns 24,205 shares in the company, valued at $919,790. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Steven D. Fredrickson sold 8,000 shares of the business’s stock in a transaction on Thursday, July 16th. The stock was sold at an average price of $39.96, for a total transaction of $319,680.00. Following the completion of the sale, the chairman now owns 283,195 shares in the company, valued at approximately $11,316,472.20. The disclosure for this sale can be found here. Insiders sold 11,320 shares of company stock worth $446,504 in the last 90 days. 1.83% of the stock is currently owned by company 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 in the Americas and Europe. It is involved in the acquisition of accounts that are primarily the unpaid obligations of individuals owed to credit grantors, which include banks and other types of consumer, retail, and auto finance companies.

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Institutional Ownership by Quarter for Pra Group (NASDAQ:PRAA)

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