Walleye Capital LLC bought a new position in shares of PRA Group, Inc. (NASDAQ:PRAA – Free Report) in the 1st quarter, Holdings Channel reports. The fund bought 41,755 shares of the business services provider’s stock, valued at approximately $731,000.
A number of other institutional investors and hedge funds have also bought and sold shares of PRAA. OP Asset Management Ltd acquired a new stake in PRA Group during the 1st quarter worth approximately $483,000. UBS Group AG grew its holdings in PRA Group by 87.2% in the 4th quarter. UBS Group AG now owns 346,436 shares of the business services provider’s stock valued at $6,128,000 after buying an additional 161,407 shares in the last quarter. Bleakley Financial Group LLC grew its holdings in PRA Group by 58.0% in the 4th quarter. Bleakley Financial Group LLC now owns 20,970 shares of the business services provider’s stock valued at $371,000 after buying an additional 7,701 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in PRA Group by 145.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,481 shares of the business services provider’s stock worth $44,000 after buying an additional 1,471 shares during the period. Finally, Larson Financial Group LLC increased its position in PRA Group by 146.8% during the 4th quarter. Larson Financial Group LLC now owns 2,848 shares of the business services provider’s stock worth $50,000 after buying an additional 1,694 shares during the period. Institutional investors and hedge funds own 97.22% of the company’s stock.
PRA Group Trading Up 5.1%
NASDAQ PRAA opened at $16.98 on Friday. The company has a market cap of $647.62 million, a price-to-earnings ratio of -2.37 and a beta of 1.10. The company has a 50 day moving average of $16.49 and a 200-day moving average of $16.54. PRA Group, Inc. has a 1-year low of $10.25 and a 1-year high of $22.55.
Analyst Ratings Changes
PRAA has been the subject of a number of research reports. Weiss Ratings reissued a “sell (d)” rating on shares of PRA Group in a report on Wednesday, June 24th. Wall Street Zen downgraded shares of PRA Group from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 7th. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $25.00.
View Our Latest Research Report on PRAA
PRA Group Company Profile
PRA Group, Inc is a global specialty finance company focused on the acquisition and management of nonperforming loans. Founded in 1996 as Portfolio Recovery Associates, the company purchases defaulted consumer and commercial receivables at discounted rates from financial institutions, utilities and other creditors. By combining rigorous analytics with a consumer-centric ethos, PRA Group seeks to maximize recoveries while maintaining respectful and compliant interactions with debtors.
The company’s core activities include first-party and third-party collections across a range of asset classes such as credit cards, auto loans and utility receivables.
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