Systematic Financial Management LP Takes Position in PRA Group, Inc. (NASDAQ:PRAA)

Systematic Financial Management LP bought a new position in PRA Group, Inc. (NASDAQ:PRAA - Free Report) during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 25,467 shares of the business services provider's stock, valued at approximately $569,000. Systematic Financial Management LP owned about 0.06% of PRA Group as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Quarry LP increased its holdings in PRA Group by 282.6% during the third quarter. Quarry LP now owns 1,316 shares of the business services provider's stock worth $29,000 after buying an additional 972 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of PRA Group during the 2nd quarter worth approximately $29,000. nVerses Capital LLC raised its holdings in shares of PRA Group by 700.0% in the 2nd quarter. nVerses Capital LLC now owns 1,600 shares of the business services provider's stock worth $31,000 after purchasing an additional 1,400 shares during the period. FMR LLC lifted its stake in 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 last quarter. Finally, Point72 DIFC Ltd lifted 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. 97.22% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on PRAA. Truist Financial boosted their target price on PRA Group from $28.00 to $31.00 and gave the company a "buy" rating in a research note on Tuesday, November 5th. StockNews.com raised shares of PRA Group from a "hold" rating to a "buy" rating in a report on Wednesday, October 16th.

PRA Group Stock Performance

PRA Group stock traded up $0.03 during midday trading on Friday, reaching $20.26. 165,277 shares of the stock were exchanged, compared to its average volume of 216,157. The company's fifty day moving average is $21.43 and its 200-day moving average is $21.63. PRA Group, Inc. has a 52 week low of $18.64 and a 52 week high of $31.43. The firm has a market cap of $798.85 million, a PE ratio of 18.42 and a beta of 1.49.

PRA Group (NASDAQ:PRAA - Get Free Report) last released its quarterly earnings results on Monday, November 4th. The business services provider reported $0.69 EPS for the quarter, topping analysts' consensus estimates of $0.32 by $0.37. PRA Group had a net margin of 4.16% and a return on equity of 2.90%. The business had revenue of $281.48 million during the quarter, compared to analysts' expectations of $262.20 million. During the same quarter in the previous year, the company earned ($0.31) EPS. The business's quarterly revenue was up 30.1% compared to the same quarter last year. On average, sell-side analysts anticipate that PRA Group, Inc. will post 1.57 earnings per share for the current fiscal year.

PRA Group 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.