PRA Group (NASDAQ:PRAA) Reaches New 52-Week Low – Here’s What Happened

PRA Group, Inc. (NASDAQ:PRAA) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $18.40 and last traded at $18.21, with a volume of 52172 shares traded. The stock had previously closed at $18.98.

PRA Group Trading Down 0.2 %

The company has a market capitalization of $748.71 million, a P/E ratio of 10.56 and a beta of 1.64. The business’s fifty day moving average price is $21.52 and its 200-day moving average price is $21.53.

PRA Group (NASDAQ:PRAA) last issued its quarterly earnings results on Wednesday, February 19th. The business services provider reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.02. The firm 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 EPS for the current year.

Institutional Trading of PRA Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. Sterling Capital Management LLC lifted its holdings in shares of PRA Group by 805.8% in the 4th quarter. Sterling Capital Management LLC now owns 1,241 shares of the business services provider’s stock worth $26,000 after acquiring an additional 1,104 shares during the last quarter. Quarry LP raised its position in PRA Group by 282.6% in the 3rd quarter. Quarry LP now owns 1,316 shares of the business services provider’s stock worth $29,000 after purchasing an additional 972 shares during the period. FMR LLC raised its position in PRA Group by 55.0% in the 3rd quarter. FMR LLC now owns 1,707 shares of the business services provider’s stock worth $38,000 after purchasing an additional 606 shares during the period. Point72 DIFC Ltd lifted its stake in PRA Group by 388.6% in the third quarter. Point72 DIFC Ltd now owns 2,150 shares of the business services provider’s stock worth $48,000 after purchasing an additional 1,710 shares during the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in PRA Group during the fourth quarter valued at about $134,000. Hedge funds and other institutional investors own 97.22% of the company’s stock.

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.