nVerses Capital LLC Has $96,000 Stock Position in PRA Group, Inc. (NASDAQ:PRAA)

nVerses Capital LLC grew its position in PRA Group, Inc. (NASDAQ:PRAA) by 168.8% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 4,300 shares of the business services provider’s stock after buying an additional 2,700 shares during the period. nVerses Capital LLC’s holdings in PRA Group were worth $96,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its stake in shares of PRA Group by 1.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,743,076 shares of the business services provider’s stock worth $34,268,000 after purchasing an additional 20,519 shares during the period. Global Alpha Capital Management Ltd. grew its stake in shares of PRA Group by 5.4% during the first quarter. Global Alpha Capital Management Ltd. now owns 1,708,015 shares of the business services provider’s stock worth $44,545,000 after purchasing an additional 86,800 shares during the period. William Blair Investment Management LLC grew its stake in shares of PRA Group by 0.3% during the first quarter. William Blair Investment Management LLC now owns 1,061,093 shares of the business services provider’s stock worth $27,673,000 after purchasing an additional 2,864 shares during the period. Assenagon Asset Management S.A. lifted its holdings in PRA Group by 353.3% during the second quarter. Assenagon Asset Management S.A. now owns 194,235 shares of the business services provider’s stock worth $3,819,000 after acquiring an additional 151,389 shares in the last quarter. Finally, Blair William & Co. IL lifted its holdings in PRA Group by 3.4% during the first quarter. Blair William & Co. IL now owns 165,625 shares of the business services provider’s stock worth $4,320,000 after acquiring an additional 5,445 shares in the last quarter. 97.22% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on PRAA shares. Truist Financial reduced their target price 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 upgraded PRA Group from a “hold” rating to a “buy” rating in a report on Wednesday, October 16th.

PRA Group Price Performance

Shares of PRA Group stock opened at $21.30 on Monday. The firm has a market cap of $838.20 million, a price-to-earnings ratio of -39.44 and a beta of 1.49. The stock’s 50-day moving average is $21.97 and its 200-day moving average is $22.43. PRA Group, Inc. has a one year low of $11.85 and a one year high of $31.43.

PRA Group (NASDAQ:PRAA) last released 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. 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 quarterly revenue was up 35.9% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.10) earnings per share. On average, equities analysts expect that PRA Group, Inc. will post 1.33 EPS for the current year.

Insider Activity at PRA Group

In other PRA Group news, Director Geir Olsen purchased 11,750 shares of the stock in a transaction on Wednesday, August 7th. The shares were purchased at an average price of $21.39 per share, with a total value of $251,332.50. Following the completion of the transaction, the director now directly owns 11,750 shares in the company, valued at $251,332.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.00% of the stock is owned by company insiders.

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.