Wealthfront Advisers LLC Purchases New Position in PRA Group, Inc. (NASDAQ:PRAA)

Wealthfront Advisers LLC purchased a new position in shares of PRA Group, Inc. (NASDAQ:PRAA - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 18,681 shares of the business services provider's stock, valued at approximately $390,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. AlphaQuest LLC lifted its position in PRA Group by 24.5% during the 4th quarter. AlphaQuest LLC now owns 7,690 shares of the business services provider's stock worth $161,000 after buying an additional 1,513 shares in the last quarter. Amundi lifted its position in PRA Group by 183.8% during the 4th quarter. Amundi now owns 19,801 shares of the business services provider's stock worth $396,000 after buying an additional 12,824 shares in the last quarter. Capital Management Corp VA bought a new stake in shares of PRA Group in the 4th quarter valued at about $4,659,000. Global Alpha Capital Management Ltd. raised its holdings in shares of PRA Group by 4.3% in the 4th quarter. Global Alpha Capital Management Ltd. now owns 1,896,000 shares of the business services provider's stock valued at $39,607,000 after purchasing an additional 78,200 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in shares of PRA Group in the 4th quarter valued at about $7,657,000. 97.22% of the stock is owned by institutional investors.

PRA Group Stock Up 2.6 %

Shares of PRAA stock traded up $0.52 on Thursday, reaching $20.41. The stock had a trading volume of 242,132 shares, compared to its average volume of 220,220. The firm's 50-day moving average is $21.39 and its two-hundred day moving average is $21.39. The firm has a market capitalization of $806.40 million, a price-to-earnings ratio of 11.40 and a beta of 1.64. PRA Group, Inc. has a 12 month low of $18.09 and a 12 month high of $28.64.

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PRA Group (NASDAQ:PRAA - Get Free Report) last issued its earnings results on Wednesday, February 19th. The business services provider reported $0.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.45 by $0.02. The company had revenue of $293.23 million for the quarter, compared to analysts' expectations of $275.81 million. PRA Group had a net margin of 6.33% and a return on equity of 5.16%. On average, sell-side analysts forecast that PRA Group, Inc. will post 2.1 earnings per share for the current fiscal year.

PRA Group 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.