Pra Group Inc (PRAA) Director Buys $4,982,120.00 in Stock

Pra Group Inc (NASDAQ:PRAA) Director Geir Olsen purchased 143,000 shares of the business’s stock in a transaction dated Friday, March 17th. The shares were purchased at an average cost of $34.84 per share, for a total transaction of $4,982,120.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Pra Group Inc (NASDAQ:PRAA) traded down 1.47% during midday trading on Monday, reaching $33.55. The company had a trading volume of 378,002 shares. The company has a market capitalization of $1.56 billion, a PE ratio of 18.33 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 stock has a 50-day moving average price of $38.16 and a 200 day moving average price of $35.54.

Pra Group (NASDAQ:PRAA) last issued its quarterly earnings results on Tuesday, February 28th. The company reported ($0.33) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.68 by $1.01. Pra Group had a net margin of 15.87% and a return on equity of 17.26%. The business earned $155.26 million during the quarter, compared to the consensus estimate of $221.22 million. During the same quarter in the previous year, the business posted $0.86 EPS. The company’s revenue for the quarter was down 32.6% on a year-over-year basis. Equities analysts forecast that Pra Group Inc will post $2.58 EPS for the current year.

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

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Several institutional investors have recently modified their holdings of PRAA. BlackRock Fund Advisors raised its position in shares of Pra Group by 8.5% in the third quarter. BlackRock Fund Advisors now owns 3,263,344 shares of the company’s stock valued at $112,716,000 after buying an additional 256,772 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of Pra Group by 2.7% in the third quarter. PNC Financial Services Group Inc. now owns 2,127,739 shares of the company’s stock valued at $73,494,000 after buying an additional 56,045 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Pra Group by 18.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,311,227 shares of the company’s stock valued at $51,268,000 after buying an additional 204,276 shares during the last quarter. Cooke & Bieler LP raised its position in shares of Pra Group by 7.6% in the third quarter. Cooke & Bieler LP now owns 1,218,067 shares of the company’s stock valued at $42,072,000 after buying an additional 85,950 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its position in shares of Pra Group by 1.7% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,193,976 shares of the company’s stock valued at $41,240,000 after buying an additional 19,399 shares during the last quarter.

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

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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