PRA Group (NASDAQ:PRAA) Reaches New 12-Month Low – Here’s Why

PRA Group, Inc. (NASDAQ:PRAA)’s share price reached a new 52-week low during trading on Monday . The stock traded as low as $17.50 and last traded at $17.56, with a volume of 19257 shares changing hands. The stock had previously closed at $19.16.

PRA Group Trading Down 5.9 %

The business’s 50-day simple moving average is $21.36 and its 200 day simple moving average is $21.33. The company has a market capitalization of $711.97 million, a P/E ratio of 10.14 and a beta of 1.52.

PRA Group (NASDAQ:PRAA) last announced its earnings results on Wednesday, February 19th. The business services provider reported $0.47 EPS for the quarter, topping the consensus estimate of $0.45 by $0.02. PRA Group had a return on equity of 5.16% and a net margin of 6.33%. The firm had revenue of $293.23 million for the quarter, compared to analysts’ expectations of $275.81 million. As a group, sell-side analysts predict that PRA Group, Inc. will post 2.1 EPS for the current fiscal year.

Institutional Investors Weigh In On PRA Group

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Sterling Capital Management LLC boosted its position in shares of PRA Group by 805.8% during the 4th quarter. Sterling Capital Management LLC now owns 1,241 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 1,104 shares in the last quarter. Quarry LP boosted its holdings in PRA Group by 282.6% during the third quarter. Quarry LP now owns 1,316 shares of the business services provider’s stock worth $29,000 after buying an additional 972 shares in the last quarter. FMR LLC boosted its holdings in PRA Group by 55.0% during the third quarter. FMR LLC now owns 1,707 shares of the business services provider’s stock worth $38,000 after buying an additional 606 shares in the last quarter. Point72 DIFC Ltd grew its position 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 buying an additional 1,710 shares during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in shares of PRA Group in the fourth quarter valued at $134,000. 97.22% of the stock is currently owned by institutional investors.

PRA Group Company 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.