Janney Montgomery Scott LLC Takes $753,000 Position in PRA Group, Inc. (NASDAQ:PRAA)

Janney Montgomery Scott LLC acquired a new position in shares of PRA Group, Inc. (NASDAQ:PRAA - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 36,059 shares of the business services provider's stock, valued at approximately $753,000. Janney Montgomery Scott LLC owned 0.09% of PRA Group at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Quarry LP boosted its stake in PRA Group by 282.6% during the third quarter. Quarry LP now owns 1,316 shares of the business services provider's stock worth $29,000 after buying an additional 972 shares in the last quarter. FMR LLC boosted its position in shares of PRA Group by 55.0% during the 3rd quarter. FMR LLC now owns 1,707 shares of the business services provider's stock valued at $38,000 after acquiring an additional 606 shares in the last quarter. Point72 DIFC Ltd increased its stake in PRA Group by 388.6% in the third quarter. Point72 DIFC Ltd now owns 2,150 shares of the business services provider's stock valued at $48,000 after acquiring an additional 1,710 shares during the period. nVerses Capital LLC raised its position in PRA Group by 168.8% in the third quarter. nVerses Capital LLC now owns 4,300 shares of the business services provider's stock worth $96,000 after purchasing an additional 2,700 shares in the last quarter. Finally, ClearAlpha Technologies LP bought a new position in PRA Group during the third quarter worth about $294,000. Institutional investors own 97.22% of the company's stock.

PRA Group Stock Performance

NASDAQ PRAA traded up $0.26 during trading hours on Tuesday, reaching $23.49. 138,490 shares of the company's stock were exchanged, compared to its average volume of 215,270. The company has a market capitalization of $926.21 million, a price-to-earnings ratio of 21.35 and a beta of 1.49. PRA Group, Inc. has a one year low of $18.64 and a one year high of $31.43. The company's 50-day moving average is $21.29 and its two-hundred day moving average is $21.74.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on PRAA shares. StockNews.com raised PRA Group from a "hold" rating to a "buy" rating in a report on Wednesday, October 16th. Truist Financial upped their target price on shares of PRA Group from $28.00 to $31.00 and gave the company a "buy" rating in a research report on Tuesday, November 5th.

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.