PRA Group, Inc. (NASDAQ:PRAA) Short Interest Update

PRA Group, Inc. (NASDAQ:PRAA - Get Free Report) was the target of a large growth in short interest in March. As of March 31st, there was short interest totalling 701,100 shares, a growth of 22.4% from the March 15th total of 572,900 shares. Approximately 1.9% of the company's shares are short sold. Based on an average trading volume of 302,800 shares, the short-interest ratio is presently 2.3 days.

PRA Group Price Performance

Shares of NASDAQ:PRAA traded up $0.24 during trading on Wednesday, reaching $17.45. 259,962 shares of the company were exchanged, compared to its average volume of 245,661. The business's fifty day simple moving average is $19.66 and its 200-day simple moving average is $20.82. PRA Group has a 12-month low of $15.94 and a 12-month high of $28.64. The firm has a market capitalization of $689.45 million, a PE ratio of 9.75 and a beta of 1.52.

PRA Group (NASDAQ:PRAA - Get Free Report) last issued its earnings results on Wednesday, February 19th. The business services provider reported $0.47 earnings per share 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%. On average, sell-side analysts anticipate that PRA Group will post 2.1 EPS for the current fiscal year.

Institutional Trading of PRA Group

Hedge funds have recently added to or reduced their stakes in the business. Sterling Capital Management LLC raised its holdings in shares of PRA Group by 805.8% in the 4th quarter. Sterling Capital Management LLC now owns 1,241 shares of the business services provider's stock valued at $26,000 after purchasing an additional 1,104 shares in the last quarter. FMR LLC lifted its holdings in PRA Group by 55.0% during the third quarter. FMR LLC now owns 1,707 shares of the business services provider's stock worth $38,000 after buying an additional 606 shares during the period. Quarry LP boosted its position in PRA Group by 154.2% during the 4th quarter. Quarry LP now owns 3,345 shares of the business services provider's stock valued at $70,000 after acquiring an additional 2,029 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of PRA Group in the 4th quarter valued at $134,000. Finally, Headlands Technologies LLC raised its position in shares of PRA Group by 231.3% in the 4th quarter. Headlands Technologies LLC now owns 7,278 shares of the business services provider's stock worth $152,000 after acquiring an additional 5,081 shares in the last quarter. 97.22% of the stock is owned by hedge funds and other institutional investors.

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.