Olympiad Research LP purchased a new position in PRA Group, Inc. (NASDAQ:PRAA - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 11,582 shares of the business services provider's stock, valued at approximately $242,000.
Several other hedge funds have also recently modified their holdings of PRAA. Wolverine Asset Management LLC grew its holdings in PRA Group by 84.4% during the fourth quarter. Wolverine Asset Management LLC now owns 34,584 shares of the business services provider's stock valued at $722,000 after purchasing an additional 15,830 shares during the period. Principal Financial Group Inc. grew its holdings in PRA Group by 2.9% during the fourth quarter. Principal Financial Group Inc. now owns 191,168 shares of the business services provider's stock valued at $3,994,000 after purchasing an additional 5,434 shares during the period. New York State Teachers Retirement System grew its holdings in PRA Group by 2.7% during the fourth quarter. New York State Teachers Retirement System now owns 64,091 shares of the business services provider's stock valued at $1,339,000 after purchasing an additional 1,705 shares during the period. Janney Montgomery Scott LLC bought a new stake in PRA Group during the fourth quarter valued at about $753,000. Finally, JPMorgan Chase & Co. grew its holdings in PRA Group by 40.2% during the third quarter. JPMorgan Chase & Co. now owns 74,937 shares of the business services provider's stock valued at $1,676,000 after purchasing an additional 21,476 shares during the period. Hedge funds and other institutional investors own 97.22% of the company's stock.
Shares of PRAA stock opened at $22.57 on Monday. PRA Group, Inc. has a 1 year low of $18.64 and a 1 year high of $28.64. The stock's 50 day simple moving average is $21.67 and its two-hundred day simple moving average is $21.71. The company has a market cap of $889.87 million, a PE ratio of 12.61 and a beta of 1.49.
PRA Group (NASDAQ:PRAA - Get Free Report) last released its earnings results on Wednesday, February 19th. The business services provider reported $0.47 EPS for the quarter, beating analysts' consensus estimates of $0.45 by $0.02. The firm had revenue of $293.23 million for the quarter, compared to analysts' expectations of $275.81 million. PRA Group had a return on equity of 5.16% and a net margin of 6.33%. Equities research analysts expect that PRA Group, Inc. will post 2.1 EPS for the current year.
Separately, Truist Financial boosted their price target on PRA Group from $28.00 to $31.00 and gave the company a "buy" rating in a report on Tuesday, November 5th.
View Our Latest Research Report on PRA Group
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.
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