Brandywine Global Investment Management LLC Purchases Shares of 80,246 PRA Group, Inc. (NASDAQ:PRAA)

Brandywine Global Investment Management LLC acquired a new stake in shares of PRA Group, Inc. (NASDAQ:PRAA - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 80,246 shares of the business services provider's stock, valued at approximately $1,676,000. Brandywine Global Investment Management LLC owned 0.20% of PRA Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also added to or reduced their stakes in PRAA. Quarry LP boosted its position in shares of PRA Group by 282.6% during the 3rd quarter. Quarry LP now owns 1,316 shares of the business services provider's stock valued at $29,000 after acquiring an additional 972 shares during the last quarter. FMR LLC grew its stake in PRA Group by 55.0% in the 3rd 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 stake in PRA Group by 388.6% in the 3rd 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 in the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of PRA Group in the 4th quarter worth $134,000. Finally, AlphaQuest LLC raised its position in shares of PRA Group by 24.5% during the 4th quarter. AlphaQuest LLC now owns 7,690 shares of the business services provider's stock valued at $161,000 after buying an additional 1,513 shares in the last quarter. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

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PRA Group Stock Down 6.4 %

NASDAQ:PRAA traded down $1.22 during midday trading on Monday, hitting $17.94. The company had a trading volume of 440,772 shares, compared to its average volume of 236,585. The company has a market capitalization of $708.81 million, a PE ratio of 10.02 and a beta of 1.52. PRA Group, Inc. has a 52-week low of $17.50 and a 52-week high of $28.64. The stock's fifty day moving average price is $21.27 and its 200-day moving average price is $21.30.

PRA Group (NASDAQ:PRAA - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The business services provider reported $0.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.45 by $0.02. The firm had revenue of $293.23 million during the quarter, compared to analysts' expectations of $275.81 million. PRA Group had a return on equity of 5.16% and a net margin of 6.33%. As a group, research analysts forecast that PRA Group, Inc. will post 2.1 earnings per share for the current year.

About PRA Group

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.