Global Alpha Capital Management Ltd. Boosts Stock Position in PRA Group, Inc. (NASDAQ:PRAA)

Global Alpha Capital Management Ltd. raised its holdings in PRA Group, Inc. (NASDAQ:PRAA) by 4.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,896,000 shares of the business services provider’s stock after acquiring an additional 78,200 shares during the quarter. PRA Group makes up 2.9% of Global Alpha Capital Management Ltd.’s holdings, making the stock its 12th largest holding. Global Alpha Capital Management Ltd.’s holdings in PRA Group were worth $39,607,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Raymond James Financial Inc. bought a new position in shares of PRA Group in the fourth quarter worth about $7,657,000. Jane Street Group LLC boosted its position in PRA Group by 92.8% in the 3rd quarter. Jane Street Group LLC now owns 88,634 shares of the business services provider’s stock valued at $1,982,000 after buying an additional 42,656 shares during the period. Barclays PLC boosted its position in PRA Group by 55.0% in the 3rd quarter. Barclays PLC now owns 117,053 shares of the business services provider’s stock valued at $2,618,000 after buying an additional 41,525 shares during the period. Janney Montgomery Scott LLC bought a new position in PRA Group in the 4th quarter worth about $753,000. Finally, Systematic Financial Management LP purchased a new position in shares of PRA Group during the third quarter worth approximately $569,000. Hedge funds and other institutional investors own 97.22% of the company’s stock.

PRA Group Stock Performance

Shares of NASDAQ PRAA opened at $19.89 on Friday. PRA Group, Inc. has a 52-week low of $18.64 and a 52-week high of $28.64. The firm has a market capitalization of $785.85 million, a price-to-earnings ratio of 11.11 and a beta of 1.64. The stock has a 50 day moving average price of $21.60 and a 200 day moving average price of $21.61.

PRA Group (NASDAQ:PRAA) last issued its earnings results on Wednesday, February 19th. The business services provider reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.02. PRA Group had a return on equity of 5.16% and a net margin of 6.33%. The business had revenue of $293.23 million during the quarter, compared to analyst estimates of $275.81 million. Analysts forecast that PRA Group, Inc. will post 2.1 earnings per share for the current year.

PRA Group Company 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.