Christopher D. Lagow Sells 1,474 Shares of Pra Group Inc (PRAA) Stock

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Pra Group Inc (NASDAQ:PRAA) SVP Christopher D. Lagow sold 1,474 shares of the stock in a transaction on Thursday, September 13th. The stock was sold at an average price of $37.70, for a total value of $55,569.80. Following the transaction, the senior vice president now owns 18,273 shares of the company’s stock, valued at $688,892.10. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

NASDAQ PRAA opened at $38.15 on Friday. The firm has a market cap of $1.71 billion, a PE ratio of 28.68 and a beta of 1.57. Pra Group Inc has a twelve month low of $25.72 and a twelve month high of $43.75.

Pra Group (NASDAQ:PRAA) last released its quarterly earnings results on Tuesday, August 7th. The business services provider reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. The business had revenue of $221.52 million during the quarter, compared to analysts’ expectations of $214.17 million. Pra Group had a return on equity of 6.41% and a net margin of 16.81%. research analysts predict that Pra Group Inc will post 1.61 earnings per share for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Scout Investments Inc. lifted its stake in Pra Group by 1.6% during the 2nd quarter. Scout Investments Inc. now owns 90,071 shares of the business services provider’s stock worth $3,472,000 after acquiring an additional 1,439 shares in the last quarter. Prudential Financial Inc. lifted its stake in Pra Group by 2.3% during the 1st quarter. Prudential Financial Inc. now owns 76,549 shares of the business services provider’s stock worth $2,909,000 after acquiring an additional 1,750 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its stake in Pra Group by 2.3% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 82,533 shares of the business services provider’s stock worth $3,137,000 after acquiring an additional 1,889 shares in the last quarter. Xact Kapitalforvaltning AB lifted its stake in Pra Group by 29.0% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 8,895 shares of the business services provider’s stock worth $343,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Swiss National Bank lifted its stake in Pra Group by 2.7% during the 1st quarter. Swiss National Bank now owns 78,500 shares of the business services provider’s stock worth $2,983,000 after acquiring an additional 2,100 shares in the last quarter.

PRAA has been the subject of a number of research analyst reports. Oppenheimer reiterated a “hold” rating on shares of Pra Group in a report on Wednesday, June 6th. ValuEngine upgraded Pra Group from a “hold” rating to a “buy” rating in a report on Thursday, July 5th. BidaskClub upgraded Pra Group from a “hold” rating to a “buy” rating in a report on Friday, July 6th. Finally, Keefe, Bruyette & Woods set a $35.00 price target on Pra Group and gave the stock a “hold” rating in a report on Thursday, August 9th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. Pra Group currently has an average rating of “Hold” and an average target price of $35.00.

About Pra Group

PRA Group, Inc, a financial and business services company, engages in the purchase, collection, and management of portfolios of nonperforming loans in the Americas and Europe. It is involved in the acquisition of accounts that are primarily the unpaid obligations of individuals owed to credit grantors, which include banks and other types of consumer, retail, and auto finance companies.

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