PRA Group, Inc. (NASDAQ:PRAA) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its position in PRA Group, Inc. (NASDAQ:PRAA) by 1.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,743,076 shares of the business services provider’s stock after buying an additional 20,519 shares during the quarter. Dimensional Fund Advisors LP owned approximately 4.43% of PRA Group worth $34,268,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of PRAA. US Bancorp DE increased its holdings in shares of PRA Group by 48.5% in the 4th quarter. US Bancorp DE now owns 44,237 shares of the business services provider’s stock valued at $1,159,000 after acquiring an additional 14,453 shares during the last quarter. Redwood Investment Management LLC bought a new position in shares of PRA Group in the 4th quarter worth about $3,268,000. PNC Financial Services Group Inc. boosted its holdings 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 buying an additional 419 shares during the period. Quadrature Capital Ltd bought a new stake in shares of PRA Group during the 4th quarter valued at about $454,000. Finally, BNP Paribas Financial Markets raised its stake in PRA Group by 36.8% during the first quarter. BNP Paribas Financial Markets now owns 42,958 shares of the business services provider’s stock worth $1,120,000 after acquiring an additional 11,567 shares during the period. Institutional investors and hedge funds own 97.22% of the company’s stock.

Insider Activity at PRA Group

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

Analyst Ratings Changes

Several research firms have recently commented on PRAA. Truist Financial lowered their target price on PRA Group from $42.00 to $28.00 and set a “buy” rating for the company in a report on Tuesday, August 20th. StockNews.com raised PRA Group from a “hold” rating to a “buy” rating in a research report on Tuesday, September 17th.

PRA Group Price Performance

Shares of PRAA stock opened at $21.81 on Wednesday. PRA Group, Inc. has a 12-month low of $11.85 and a 12-month high of $31.43. The firm has a market capitalization of $858.27 million, a price-to-earnings ratio of -40.39 and a beta of 1.49. The business has a 50 day simple moving average of $22.68 and a 200 day simple moving average of $22.76.

PRA Group (NASDAQ:PRAA) last announced its earnings results on Monday, August 5th. The business services provider reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.46. PRA Group had a net margin of 0.40% and a return on equity of 0.33%. The firm had revenue of $284.20 million during the quarter, compared to analyst estimates of $245.04 million. During the same quarter in the prior year, the firm posted ($0.10) EPS. PRA Group’s revenue was up 35.9% compared to the same quarter last year. On average, equities analysts anticipate 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.