PRA Group Inc. (NASDAQ:PRAA) insider Michael J. Petit sold 15,000 shares of PRA Group stock in a transaction that occurred on Friday, September 30th. The stock was sold at an average price of $34.21, for a total transaction of $513,150.00. Following the completion of the sale, the insider now directly owns 106,857 shares in the company, valued at approximately $3,655,577.97. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Shares of PRA Group Inc. (NASDAQ:PRAA) opened at 34.94 on Tuesday. The company has a market cap of $1.62 billion, a PE ratio of 13.00 and a beta of 1.32. PRA Group Inc. has a one year low of $20.00 and a one year high of $56.00. The firm’s 50-day moving average is $31.82 and its 200-day moving average is $28.80.
PRA Group (NASDAQ:PRAA) last posted its quarterly earnings results on Monday, August 8th. The company reported $0.83 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.83. PRA Group had a net margin of 13.89% and a return on equity of 19.50%. The firm had revenue of $228.50 million for the quarter, compared to analysts’ expectations of $227.92 million. During the same quarter in the prior year, the company posted $1.06 earnings per share. The business’s revenue for the quarter was down 3.7% on a year-over-year basis. On average, equities analysts anticipate that PRA Group Inc. will post $2.95 EPS for the current year.
Several large investors have recently bought and sold shares of PRAA. Ngam Advisors L.P. boosted its stake in PRA Group by 14.3% in the first quarter. Ngam Advisors L.P. now owns 15,922 shares of the company’s stock worth $468,000 after buying an additional 1,987 shares during the last quarter. BlackRock Group LTD boosted its stake in PRA Group by 7.6% in the first quarter. BlackRock Group LTD now owns 58,848 shares of the company’s stock worth $1,731,000 after buying an additional 4,180 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in PRA Group by 1.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,211,240 shares of the company’s stock worth $35,598,000 after buying an additional 21,785 shares during the last quarter. M&T Bank Corp boosted its stake in PRA Group by 20.6% in the first quarter. M&T Bank Corp now owns 12,839 shares of the company’s stock worth $377,000 after buying an additional 2,192 shares during the last quarter. Finally, Huntington Asset Advisors Inc. purchased a new stake in PRA Group during the first quarter worth approximately $367,000.
A number of equities research analysts recently commented on the stock. Zacks Investment Research raised shares of PRA Group from a “sell” rating to a “hold” rating in a report on Tuesday, August 16th. First Analysis initiated coverage on shares of PRA Group in a report on Tuesday, June 7th. They set an “overweight” rating on the stock. Finally, William Blair reissued an “outperform” rating on shares of PRA Group in a report on Tuesday, September 20th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. PRA Group has an average rating of “Hold” and an average target price of $32.25.
About PRA Group
PRA Group, Inc (PRA Group), formerly Portfolio Recovery Associates, Inc, is a financial and business services company with operations in the Americas and Europe. The Company is engaged in the acquisition and collection of nonperforming loans in the Americas and Europe. Its business focuses upon the acquisition, collection, and processing of both unpaid and normal-course accounts receivable originally owed to credit grantors, government entities and others.
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