Raymond James Financial Inc. acquired a new stake in PRA Group, Inc. (NASDAQ:PRAA - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 366,534 shares of the business services provider's stock, valued at approximately $7,657,000. Raymond James Financial Inc. owned about 0.93% of PRA Group at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Quarry LP raised its holdings 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 during the last quarter. FMR LLC grew its position in shares of PRA Group by 55.0% in the third quarter. FMR LLC now owns 1,707 shares of the business services provider's stock valued at $38,000 after purchasing an additional 606 shares during the period. Point72 DIFC Ltd increased its stake in PRA Group by 388.6% in the third quarter. Point72 DIFC Ltd now owns 2,150 shares of the business services provider's stock valued at $48,000 after purchasing an additional 1,710 shares during the last quarter. Olympiad Research LP purchased a new position in PRA Group during the fourth quarter worth about $242,000. Finally, ClearAlpha Technologies LP acquired a new stake in PRA Group in the 3rd quarter worth about $294,000. Hedge funds and other institutional investors own 97.22% of the company's stock.
PRA Group Trading Down 0.7 %
PRAA traded down $0.14 during midday trading on Tuesday, hitting $20.93. The company's stock had a trading volume of 209,605 shares, compared to its average volume of 222,377. PRA Group, Inc. has a 52-week low of $18.09 and a 52-week high of $28.64. The firm has a 50-day moving average price of $21.45 and a two-hundred day moving average price of $21.35. The firm has a market cap of $826.94 million, a P/E ratio of 11.69 and a beta of 1.64.
PRA Group (NASDAQ:PRAA - Get Free Report) last released its earnings results on Wednesday, February 19th. The business services provider reported $0.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.45 by $0.02. The firm had revenue of $293.23 million during the quarter, compared to the consensus estimate of $275.81 million. PRA Group had a net margin of 6.33% and a return on equity of 5.16%. On average, equities analysts expect that PRA Group, Inc. will post 2.1 EPS for the current year.
About PRA Group
(
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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