Versor Investments LP Purchases Shares of 24,900 PRA Group, Inc. (NASDAQ:PRAA)

Versor Investments LP purchased a new position in PRA Group, Inc. (NASDAQ:PRAA - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 24,900 shares of the business services provider's stock, valued at approximately $490,000. Versor Investments LP owned 0.06% of PRA Group as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of PRAA. CWM LLC increased its position in shares of PRA Group by 90.5% in the fourth quarter. CWM LLC now owns 1,189 shares of the business services provider's stock worth $31,000 after purchasing an additional 565 shares during the period. nVerses Capital LLC grew its position in PRA Group by 700.0% in the second quarter. nVerses Capital LLC now owns 1,600 shares of the business services provider's stock valued at $31,000 after acquiring an additional 1,400 shares during the last quarter. Innealta Capital LLC bought a new position in PRA Group in the second quarter valued at about $57,000. PNC Financial Services Group Inc. grew its position in PRA Group by 11.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,931 shares of the business services provider's stock valued at $103,000 after acquiring an additional 419 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in PRA Group in the first quarter valued at about $103,000. Institutional investors own 97.22% of the company's stock.

PRA Group Stock Performance

Shares of NASDAQ:PRAA traded up $0.28 during midday trading on Thursday, hitting $22.12. 141,089 shares of the stock were exchanged, compared to its average volume of 195,451. The stock has a market capitalization of $871.97 million, a price-to-earnings ratio of -40.96 and a beta of 1.49. The business's 50-day moving average price is $22.37 and its 200 day moving average price is $23.23. PRA Group, Inc. has a 12 month low of $11.85 and a 12 month high of $31.43.

PRA Group (NASDAQ:PRAA - Get Free Report) last released its quarterly earnings results on Monday, August 5th. The business services provider reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.46. The company had revenue of $284.20 million for the quarter, compared to analysts' expectations of $245.04 million. PRA Group had a return on equity of 0.33% and a net margin of 0.40%. The business's quarterly revenue was up 35.9% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.10) earnings per share. As a group, sell-side analysts expect that PRA Group, Inc. will post 1.33 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Truist Financial decreased their target price on PRA Group from $42.00 to $28.00 and set a "buy" rating on the stock in a research report on Tuesday, August 20th. StockNews.com upgraded PRA Group from a "hold" rating to a "buy" rating in a report on Wednesday, August 7th.

Insider Buying and Selling

In related news, Director Geir Olsen acquired 11,750 shares of the business's stock in a transaction that occurred on Wednesday, August 7th. The shares were bought at an average cost of $21.39 per share, with a total value of $251,332.50. Following the completion of the purchase, the director now directly owns 11,750 shares in the company, valued at $251,332.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.00% of the stock is owned by insiders.

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.