Brandywine Global Investment Management LLC Buys Shares of 80,246 PRA Group, Inc. (NASDAQ:PRAA)

Brandywine Global Investment Management LLC purchased a new position in shares of PRA Group, Inc. (NASDAQ:PRAA) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 80,246 shares of the business services provider’s stock, valued at approximately $1,676,000.

Several other large investors have also made changes to their positions in the company. Quarry LP raised its position in PRA Group by 282.6% during the third quarter. Quarry LP now owns 1,316 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 972 shares in the last quarter. FMR LLC raised its holdings in shares of PRA Group by 55.0% during the 3rd quarter. FMR LLC now owns 1,707 shares of the business services provider’s stock worth $38,000 after buying an additional 606 shares in the last quarter. Point72 DIFC Ltd lifted its position in shares of PRA Group by 388.6% during the 3rd quarter. Point72 DIFC Ltd now owns 2,150 shares of the business services provider’s stock worth $48,000 after buying an additional 1,710 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in PRA Group in the fourth quarter valued at about $134,000. Finally, AlphaQuest LLC grew its position in PRA Group by 24.5% in the fourth quarter. AlphaQuest LLC now owns 7,690 shares of the business services provider’s stock valued at $161,000 after acquiring an additional 1,513 shares during the last quarter. Institutional investors and hedge funds own 97.22% of the company’s stock.

PRA Group Trading Up 2.9 %

PRAA stock opened at $21.96 on Thursday. The firm has a 50-day moving average price of $21.44 and a 200-day moving average price of $21.36. PRA Group, Inc. has a 12 month low of $18.09 and a 12 month high of $28.64. The stock has a market capitalization of $867.64 million, a P/E ratio of 12.27 and a beta of 1.64.

PRA Group (NASDAQ:PRAA) last issued its quarterly earnings data on Wednesday, February 19th. The business services provider reported $0.47 EPS for the quarter, beating the consensus estimate of $0.45 by $0.02. The business had revenue of $293.23 million during the quarter, compared to the consensus estimate of $275.81 million. PRA Group had a net margin of 6.33% and a return on equity of 5.16%. As a group, equities analysts predict that PRA Group, Inc. will post 2.1 EPS for the current fiscal 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.