PRA Group (NASDAQ:PRAA) Shares Down 3.4% - Time to Sell?

Shares of PRA Group, Inc. (NASDAQ:PRAA - Get Free Report) were down 3.4% during mid-day trading on Tuesday . The stock traded as low as $17.51 and last traded at $17.33. Approximately 60,494 shares changed hands during mid-day trading, a decline of 79% from the average daily volume of 287,895 shares. The stock had previously closed at $17.94.

PRA Group Stock Up 0.4 %

The stock has a market cap of $660.61 million, a PE ratio of 9.34 and a beta of 1.52. The business has a 50 day moving average price of $20.66 and a 200 day moving average price of $21.09.

PRA Group (NASDAQ:PRAA - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The business services provider reported $0.47 EPS for the quarter, topping the consensus estimate of $0.45 by $0.02. The business had revenue of $293.23 million for 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, research analysts predict that PRA Group, Inc. will post 2.1 earnings per share for the current fiscal year.

Institutional Trading of PRA Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FMR LLC grew 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 during the period. Verition Fund Management LLC purchased a new stake in shares of PRA Group in the third quarter valued at approximately $303,000. State Street Corp raised its stake in shares of PRA Group by 1.0% during the 3rd quarter. State Street Corp now owns 1,502,427 shares of the business services provider's stock worth $33,594,000 after buying an additional 14,758 shares during the period. Jane Street Group LLC lifted its position in shares of PRA Group by 92.8% during 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 buying an additional 42,656 shares in the last quarter. Finally, Barclays PLC grew its stake in PRA Group by 55.0% in the 3rd quarter. Barclays PLC now owns 117,053 shares of the business services provider's stock valued at $2,618,000 after acquiring an additional 41,525 shares during the period. Institutional investors and hedge funds own 97.22% of the company's stock.

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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.