Public Employees Retirement Association of Colorado Has $116,000 Position in PRA Group, Inc. (NASDAQ:PRAA)

Public Employees Retirement Association of Colorado decreased its position in shares of PRA Group, Inc. (NASDAQ:PRAA) by 10.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,908 shares of the business services provider’s stock after selling 701 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in PRA Group were worth $116,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. nVerses Capital LLC lifted its stake in shares of PRA Group by 700.0% during the second quarter. nVerses Capital LLC now owns 1,600 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 1,400 shares during the period. Innealta Capital LLC acquired a new position in PRA Group during the 2nd quarter valued at about $57,000. PNC Financial Services Group Inc. boosted its stake in shares of PRA Group by 11.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,931 shares of the business services provider’s stock valued at $103,000 after purchasing an additional 419 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of PRA Group during the 1st quarter worth approximately $103,000. Finally, Quest Partners LLC grew its position in shares of PRA Group by 14.2% during the 2nd quarter. Quest Partners LLC now owns 10,179 shares of the business services provider’s stock worth $200,000 after buying an additional 1,267 shares during the period. 97.22% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on PRAA shares. Truist Financial reduced their price objective on shares of PRA Group from $42.00 to $28.00 and set a “buy” rating on the stock in a research note on Tuesday, August 20th. StockNews.com raised PRA Group from a “hold” rating to a “buy” rating in a research note on Tuesday, September 17th.

Insiders Place Their Bets

In other PRA Group news, Director Geir Olsen acquired 11,750 shares of the business’s stock in a transaction dated Wednesday, August 7th. The shares were acquired at an average price of $21.39 per share, for a total transaction of $251,332.50. Following the acquisition, the director now directly owns 11,750 shares of the company’s stock, valued at approximately $251,332.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.00% of the company’s stock.

PRA Group Price Performance

PRA Group stock opened at $22.65 on Monday. PRA Group, Inc. has a fifty-two week low of $11.85 and a fifty-two week high of $31.43. The firm has a market capitalization of $891.32 million, a price-to-earnings ratio of -41.94 and a beta of 1.49. The company’s 50 day simple moving average is $22.69 and its 200 day simple moving average is $22.77.

PRA Group (NASDAQ:PRAA) last announced its quarterly earnings results on Monday, August 5th. The business services provider reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.46. The company had revenue of $284.20 million during the quarter, compared to analyst estimates of $245.04 million. PRA Group had a net margin of 0.40% and a return on equity of 0.33%. The firm’s revenue was up 35.9% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.10) EPS. As a group, analysts predict that PRA Group, Inc. will post 1.33 EPS for the current fiscal year.

PRA Group 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.