Rhumbline Advisers Has $2.45 Million Stock Holdings in PRA Group, Inc. (NASDAQ:PRAA)

Rhumbline Advisers cut its position in shares of PRA Group, Inc. (NASDAQ:PRAA) by 1.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 124,526 shares of the business services provider’s stock after selling 1,787 shares during the quarter. Rhumbline Advisers owned 0.32% of PRA Group worth $2,448,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. nVerses Capital LLC grew its position in PRA Group by 700.0% during the second quarter. nVerses Capital LLC now owns 1,600 shares of the business services provider’s stock worth $31,000 after buying an additional 1,400 shares in the last quarter. Innealta Capital LLC acquired a new stake in PRA Group during the second quarter worth about $57,000. PNC Financial Services Group Inc. grew its position in PRA Group by 11.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,931 shares of the business services provider’s stock worth $103,000 after buying an additional 419 shares in the last quarter. SG Americas Securities LLC acquired a new stake in PRA Group during the first quarter worth about $103,000. Finally, ProShare Advisors LLC acquired a new stake in PRA Group during the first quarter valued at approximately $203,000. 97.22% of the stock is owned by institutional investors and hedge funds.

PRA Group Trading Up 1.1 %

NASDAQ PRAA opened at $22.28 on Thursday. The stock’s 50 day moving average is $22.60 and its two-hundred day moving average is $22.90. The company has a market capitalization of $878.28 million, a price-to-earnings ratio of -40.81 and a beta of 1.49. PRA Group, Inc. has a 1-year low of $11.85 and a 1-year high of $31.43.

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

Insider Transactions at PRA Group

In other PRA Group news, Director Geir Olsen bought 11,750 shares of PRA Group stock in a transaction dated Wednesday, August 7th. The shares were acquired at an average cost of $21.39 per share, with a total value of $251,332.50. Following the acquisition, the director now directly owns 11,750 shares of the company’s stock, valued at $251,332.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.00% of the stock is owned by company insiders.

Analyst Ratings Changes

PRAA has been the topic of a number of recent research reports. Truist Financial decreased their price objective on PRA Group from $42.00 to $28.00 and set a “buy” rating on the stock in a report on Tuesday, August 20th. StockNews.com raised PRA Group from a “hold” rating to a “buy” rating in a report on Tuesday.

About 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.