PRA Group, Inc. (NASDAQ:PRAA - Get Free Report)'s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $17.10, but opened at $17.70. PRA Group shares last traded at $17.01, with a volume of 28,108 shares trading hands.
PRA Group Trading Down 3.2 %
The stock has a market capitalization of $650.73 million, a price-to-earnings ratio of 9.20 and a beta of 1.52. The firm has a 50-day moving average of $20.04 and a 200 day moving average of $20.91.
PRA Group (NASDAQ:PRAA - Get Free Report) last announced its earnings results on Wednesday, February 19th. The business services provider reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.02. PRA Group had a net margin of 6.33% and a return on equity of 5.16%. The business had revenue of $293.23 million during the quarter, compared to the consensus estimate of $275.81 million. As a group, research analysts forecast that PRA Group, Inc. will post 2.1 EPS for the current year.
Institutional Investors Weigh In On PRA Group
A number of hedge funds have recently bought and sold shares of PRAA. Janney Montgomery Scott LLC purchased a new position in shares of PRA Group during the 4th quarter valued at approximately $753,000. Barclays PLC increased its position in shares of PRA Group by 55.0% in the 3rd quarter. Barclays PLC now owns 117,053 shares of the business services provider's stock worth $2,618,000 after purchasing an additional 41,525 shares during the last quarter. Jane Street Group LLC raised its stake in shares of PRA Group by 92.8% in the 3rd quarter. Jane Street Group LLC now owns 88,634 shares of the business services provider's stock valued at $1,982,000 after purchasing an additional 42,656 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of PRA Group by 40.2% during the third quarter. JPMorgan Chase & Co. now owns 74,937 shares of the business services provider's stock worth $1,676,000 after purchasing an additional 21,476 shares during the last quarter. Finally, Global Alpha Capital Management Ltd. grew its stake in PRA Group by 4.3% in the fourth quarter. Global Alpha Capital Management Ltd. now owns 1,896,000 shares of the business services provider's stock worth $39,607,000 after purchasing an additional 78,200 shares in the last quarter. Institutional investors and hedge funds own 97.22% of the company's stock.
About PRA Group
(
Get Free Report)
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.
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