Hillsdale Investment Management Inc. grew its stake in shares of PRA Group, Inc. (NASDAQ:PRAA - Free Report) by 75,251.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 203,450 shares of the business services provider's stock after purchasing an additional 203,180 shares during the period. Hillsdale Investment Management Inc. owned approximately 0.52% of PRA Group worth $4,250,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Global Alpha Capital Management Ltd. grew its position in 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. State Street Corp increased its position in shares of PRA Group by 1.0% during the third quarter. State Street Corp now owns 1,502,427 shares of the business services provider's stock worth $33,594,000 after acquiring an additional 14,758 shares in the last quarter. Geode Capital Management LLC increased its position in shares of PRA Group by 2.1% during the third quarter. Geode Capital Management LLC now owns 929,184 shares of the business services provider's stock worth $20,781,000 after acquiring an additional 19,134 shares in the last quarter. Raymond James Financial Inc. bought a new position in PRA Group in the 4th quarter valued at about $7,657,000. Finally, Capital Management Corp VA acquired a new position in PRA Group during the 4th quarter valued at about $4,659,000. Institutional investors own 97.22% of the company's stock.
PRA Group Stock Performance
Shares of PRA Group stock traded down $0.11 on Tuesday, hitting $20.96. The company had a trading volume of 144,485 shares, compared to its average volume of 222,130. PRA Group, Inc. has a 1 year low of $18.09 and a 1 year high of $28.64. The stock has a 50 day moving average of $21.44 and a 200-day moving average of $21.35. The stock has a market capitalization of $828.13 million, a price-to-earnings ratio of 11.71 and a beta of 1.64.
PRA Group (NASDAQ:PRAA - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The business services provider reported $0.47 EPS for the quarter, beating analysts' consensus estimates of $0.45 by $0.02. The business had revenue of $293.23 million during the quarter, compared to analyst estimates of $275.81 million. PRA Group had a return on equity of 5.16% and a net margin of 6.33%. Equities analysts anticipate that PRA Group, Inc. will post 2.1 earnings per share for the current year.
PRA Group Profile
(
Free Report)
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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