PRA Group, Inc. (NASDAQ:PRAA) Shares Sold by William Blair Investment Management LLC

William Blair Investment Management LLC decreased its holdings in shares of PRA Group, Inc. (NASDAQ:PRAA - Free Report) by 16.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 856,558 shares of the business services provider's stock after selling 171,068 shares during the quarter. William Blair Investment Management LLC owned about 2.17% of PRA Group worth $17,893,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Global Alpha Capital Management Ltd. grew its stake in PRA Group by 4.3% during the 4th quarter. Global Alpha Capital Management Ltd. now owns 1,896,000 shares of the business services provider's stock valued at $39,607,000 after purchasing an additional 78,200 shares in the last quarter. State Street Corp lifted its position in shares of PRA Group by 1.0% during the third quarter. State Street Corp now owns 1,502,427 shares of the business services provider's stock worth $33,594,000 after purchasing an additional 14,758 shares during the last quarter. Geode Capital Management LLC increased its holdings in PRA Group by 2.1% in the third quarter. Geode Capital Management LLC now owns 929,184 shares of the business services provider's stock valued at $20,781,000 after buying an additional 19,134 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of PRA Group in the 4th quarter worth approximately $7,657,000. Finally, Capital Management Corp VA acquired a new stake in shares of PRA Group during the 4th quarter valued at approximately $4,659,000. 97.22% of the stock is owned by hedge funds and other institutional investors.

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PRA Group Trading Up 3.4 %

PRA Group stock traded up $0.70 during mid-day trading on Monday, reaching $21.07. The company's stock had a trading volume of 313,453 shares, compared to its average volume of 222,137. PRA Group, Inc. has a twelve month low of $18.09 and a twelve month high of $28.64. The business has a 50 day moving average price of $21.41 and a 200-day moving average price of $21.36. The firm has a market cap of $832.48 million, a price-to-earnings ratio of 11.77 and a beta of 1.64.

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 return on equity of 5.16% and a net margin of 6.33%. The firm had revenue of $293.23 million for the quarter, compared to the consensus estimate of $275.81 million. On average, equities analysts expect that PRA Group, Inc. will post 2.1 EPS for the current fiscal year.

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.