Insider Buying: Pra Group Inc (PRAA) Director Buys 143,000 Shares of Stock

Pra Group Inc (NASDAQ:PRAA) Director Geir Olsen bought 143,000 shares of the stock in a transaction on Friday, March 17th. The shares were acquired at an average cost of $34.84 per share, for a total transaction of $4,982,120.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Pra Group Inc (NASDAQ:PRAA) opened at 31.85 on Monday. The stock has a market capitalization of $1.48 billion, a price-to-earnings ratio of 17.40 and a beta of 1.49. Pra Group Inc has a 12 month low of $21.93 and a 12 month high of $42.70. The company has a 50-day moving average of $37.27 and a 200 day moving average of $35.56.

Pra Group (NASDAQ:PRAA) last announced its quarterly earnings data on Tuesday, February 28th. The company reported ($0.33) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.68 by $1.01. The firm had revenue of $155.26 million for the quarter, compared to the consensus estimate of $221.22 million. Pra Group had a net margin of 15.87% and a return on equity of 17.26%. The firm’s revenue for the quarter was down 32.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.86 earnings per share. On average, equities research analysts anticipate that Pra Group Inc will post $2.20 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for Pra Group (NASDAQ:PRAA)

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Separately, Zacks Investment Research raised shares of Pra Group from a “strong sell” rating to a “hold” rating in a report on Friday, March 3rd. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $37.00.

Several hedge funds have recently made changes to their positions in PRAA. Royal Bank of Canada increased its stake in shares of Pra Group by 21.8% in the second quarter. Royal Bank of Canada now owns 901,080 shares of the company’s stock valued at $21,752,000 after buying an additional 161,570 shares during the last quarter. Eagle Asset Management Inc. increased its stake in shares of Pra Group by 13.8% in the third quarter. Eagle Asset Management Inc. now owns 155,918 shares of the company’s stock valued at $5,385,000 after buying an additional 18,930 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in shares of Pra Group by 152.1% in the third quarter. Nisa Investment Advisors LLC now owns 36,800 shares of the company’s stock valued at $1,271,000 after buying an additional 22,200 shares during the last quarter. Nexus Investment Management Inc. increased its stake in shares of Pra Group by 9.0% in the third quarter. Nexus Investment Management Inc. now owns 404,800 shares of the company’s stock valued at $13,982,000 after buying an additional 33,450 shares during the last quarter. Finally, California Public Employees Retirement System increased its stake in shares of Pra Group by 0.6% in the third quarter. California Public Employees Retirement System now owns 141,400 shares of the company’s stock valued at $4,884,000 after buying an additional 800 shares during the last quarter.

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.

5 Day Chart for NASDAQ:PRAA

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