Wolverine Asset Management LLC Purchases 15,830 Shares of PRA Group, Inc. (NASDAQ:PRAA)

Wolverine Asset Management LLC grew its holdings in shares of PRA Group, Inc. (NASDAQ:PRAA - Free Report) by 84.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,584 shares of the business services provider's stock after buying an additional 15,830 shares during the quarter. Wolverine Asset Management LLC owned 0.09% of PRA Group worth $722,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in PRAA. Janney Montgomery Scott LLC purchased a new stake in PRA Group during the 4th quarter valued at $753,000. Jane Street Group LLC raised its stake in shares of PRA Group by 92.8% in the third quarter. Jane Street Group LLC now owns 88,634 shares of the business services provider's stock valued at $1,982,000 after acquiring an additional 42,656 shares during the period. Barclays PLC lifted its holdings 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 acquiring an additional 41,525 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of PRA Group by 40.2% during the 3rd 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 period. Finally, State Street Corp grew its holdings in 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 valued at $33,594,000 after purchasing an additional 14,758 shares during the last quarter. Institutional investors own 97.22% of the company's stock.

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Wall Street Analysts Forecast Growth

Separately, Truist Financial raised their price objective on shares of PRA Group from $28.00 to $31.00 and gave the stock a "buy" rating in a research note on Tuesday, November 5th.

PRA Group Price Performance

Shares of NASDAQ:PRAA traded down $0.63 on Wednesday, hitting $21.62. 215,099 shares of the company's stock were exchanged, compared to its average volume of 231,081. The stock has a market capitalization of $852.41 million, a price-to-earnings ratio of 12.08 and a beta of 1.49. PRA Group, Inc. has a 12 month low of $18.64 and a 12 month high of $28.64. The business's 50 day simple moving average is $21.66 and its two-hundred day simple moving average is $21.70.

PRA Group (NASDAQ:PRAA - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The business services provider reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.02. The company had revenue of $293.23 million during the quarter, compared to analysts' expectations of $275.81 million. PRA Group had a net margin of 6.33% and a return on equity of 5.16%. Equities analysts forecast that PRA Group, Inc. will post 2.1 EPS for the current fiscal year.

About PRA Group

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.