Hillsdale Investment Management Inc. Purchases 203,180 Shares of PRA Group, Inc. (NASDAQ:PRAA)

Hillsdale Investment Management Inc. lifted its position in shares of PRA Group, Inc. (NASDAQ:PRAA - Free Report) by 75,251.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 about 0.52% of PRA Group worth $4,250,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. American Century Companies Inc. boosted its stake in shares of PRA Group by 49.6% during the 4th quarter. American Century Companies Inc. now owns 114,574 shares of the business services provider's stock worth $2,393,000 after acquiring an additional 37,969 shares in the last quarter. Quantbot Technologies LP increased its stake in PRA Group by 30.8% in the fourth quarter. Quantbot Technologies LP now owns 8,002 shares of the business services provider's stock valued at $167,000 after acquiring an additional 1,885 shares during the period. Semanteon Capital Management LP grew its holdings in shares of PRA Group by 24.4% in the 4th quarter. Semanteon Capital Management LP now owns 31,387 shares of the business services provider's stock worth $656,000 after purchasing an additional 6,148 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in PRA Group by 30.7% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 44,544 shares of the business services provider's stock worth $931,000 after purchasing an additional 10,457 shares in the last quarter. Finally, HighTower Advisors LLC acquired a new stake in shares of PRA Group in the fourth quarter valued at approximately $447,000. Institutional investors and hedge funds own 97.22% of the company's stock.

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PRA Group Trading Up 1.5 %

Shares of NASDAQ:PRAA traded up $0.32 during trading on Thursday, hitting $21.05. 378,399 shares of the company's stock were exchanged, compared to its average volume of 222,938. PRA Group, Inc. has a 1-year low of $18.09 and a 1-year high of $28.64. The firm has a market cap of $831.69 million, a P/E ratio of 11.76 and a beta of 1.64. The firm has a 50-day moving average price of $21.45 and a two-hundred day moving average price of $21.34.

PRA Group (NASDAQ:PRAA - Get Free Report) last posted its earnings results 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. 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 during the quarter, compared to analysts' expectations of $275.81 million. As a group, research analysts predict that PRA Group, Inc. will post 2.1 EPS 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.