Los Angeles Capital Management LLC Invests $296,000 in PRA Group, Inc. (NASDAQ:PRAA)

Los Angeles Capital Management LLC purchased a new stake in PRA Group, Inc. (NASDAQ:PRAA - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 14,173 shares of the business services provider's stock, valued at approximately $296,000.

Other large investors have also added to or reduced their stakes in the company. Quarry LP lifted its position in PRA Group by 282.6% in 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 in the last quarter. FMR LLC lifted its position in PRA Group by 55.0% in 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 lifted its position 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 valued at $48,000 after acquiring an additional 1,710 shares in the last quarter. Olympiad Research LP bought a new position in PRA Group in the 4th quarter valued at about $242,000. Finally, ClearAlpha Technologies LP bought a new position in PRA Group in the 3rd quarter valued at about $294,000. Institutional investors own 97.22% of the company's stock.

PRA Group Stock Performance

NASDAQ:PRAA traded down $0.24 on Friday, hitting $19.89. The stock had a trading volume of 412,139 shares, compared to its average volume of 250,474. The stock has a market cap of $785.85 million, a P/E ratio of 11.11 and a beta of 1.64. PRA Group, Inc. has a 1 year low of $18.64 and a 1 year high of $28.64. The firm's fifty day simple moving average is $21.60 and its two-hundred day simple moving average is $21.61.

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