Raymond James Financial Inc. Takes Position in PRA Group, Inc. (NASDAQ:PRAA)

Raymond James Financial Inc. acquired a new stake in shares of PRA Group, Inc. (NASDAQ:PRAA) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 366,534 shares of the business services provider’s stock, valued at approximately $7,657,000. Raymond James Financial Inc. owned 0.93% of PRA Group as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Quarry LP increased its stake in shares of PRA Group by 282.6% in the third quarter. Quarry LP now owns 1,316 shares of the business services provider’s stock worth $29,000 after buying an additional 972 shares during the last quarter. FMR LLC increased its stake in shares of PRA Group by 55.0% in the third quarter. FMR LLC now owns 1,707 shares of the business services provider’s stock worth $38,000 after buying an additional 606 shares during the last quarter. Point72 DIFC Ltd increased its stake in shares of PRA Group by 388.6% in the third 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. Olympiad Research LP bought a new stake in shares of PRA Group in the fourth quarter worth $242,000. Finally, ClearAlpha Technologies LP bought a new stake in shares of PRA Group in the third quarter worth $294,000. Hedge funds and other institutional investors own 97.22% of the company’s stock.

PRA Group Trading Down 0.2 %

Shares of NASDAQ:PRAA opened at $20.37 on Friday. The company has a fifty day simple moving average of $21.41 and a 200 day simple moving average of $21.36. The firm has a market cap of $804.82 million, a PE ratio of 11.38 and a beta of 1.64. PRA Group, Inc. has a 12-month low of $18.09 and a 12-month high of $28.64.

PRA Group (NASDAQ:PRAA) last issued its quarterly earnings results on Wednesday, February 19th. The business services provider reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.02. The business had revenue of $293.23 million during the quarter, compared to analyst estimates 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 research analysts forecast that PRA Group, Inc. will post 2.1 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.