366,534 Shares in PRA Group, Inc. (NASDAQ:PRAA) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new position in PRA Group, Inc. (NASDAQ:PRAA - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 366,534 shares of the business services provider's stock, valued at approximately $7,657,000. Raymond James Financial Inc. owned about 0.93% of PRA Group at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Janney Montgomery Scott LLC purchased a new position in shares of PRA Group in the fourth quarter valued at approximately $753,000. Barclays PLC lifted its holdings in PRA Group by 55.0% in the 3rd quarter. Barclays PLC now owns 117,053 shares of the business services provider's stock valued at $2,618,000 after purchasing an additional 41,525 shares in the last quarter. Jane Street Group LLC boosted its stake in PRA Group by 92.8% during the 3rd quarter. Jane Street Group LLC now owns 88,634 shares of the business services provider's stock worth $1,982,000 after purchasing an additional 42,656 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of PRA Group by 40.2% during the third quarter. JPMorgan Chase & Co. now owns 74,937 shares of the business services provider's stock worth $1,676,000 after buying an additional 21,476 shares in the last quarter. Finally, Global Alpha Capital Management Ltd. raised its position in shares of PRA Group by 4.3% in the fourth 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 buying an additional 78,200 shares during the last quarter. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

PRA Group Trading Up 4.5 %

PRAA opened at $17.21 on Wednesday. PRA Group, Inc. has a twelve month low of $15.94 and a twelve month high of $28.64. The firm has a market capitalization of $679.97 million, a PE ratio of 9.61 and a beta of 1.52. The firm's 50-day moving average price is $19.78 and its 200 day moving average price is $20.84.

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 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 business had revenue of $293.23 million for the quarter, compared to analysts' expectations of $275.81 million. As a group, analysts predict that PRA Group, Inc. will post 2.1 earnings per share for the current fiscal year.

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.

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