Thrivent Financial for Lutherans Sells 478 Shares of PRA Group, Inc. (NASDAQ:PRAA)

Thrivent Financial for Lutherans decreased its stake in shares of PRA Group, Inc. (NASDAQ:PRAA) by 1.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,475 shares of the business services provider’s stock after selling 478 shares during the period. Thrivent Financial for Lutherans owned 0.08% of PRA Group worth $637,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in PRA Group during the 4th quarter worth $7,657,000. Capital Management Corp VA bought a new stake in shares of PRA Group during the fourth quarter worth $4,659,000. Global Alpha Capital Management Ltd. lifted its stake in shares of PRA Group by 4.3% during the fourth quarter. Global Alpha Capital Management Ltd. now owns 1,896,000 shares of the business services provider’s stock valued at $39,607,000 after acquiring an additional 78,200 shares during the period. Jane Street Group LLC boosted its holdings in PRA Group by 92.8% in the third quarter. Jane Street Group LLC now owns 88,634 shares of the business services provider’s stock valued at $1,982,000 after acquiring an additional 42,656 shares during the last quarter. Finally, Barclays PLC increased its position in PRA Group by 55.0% in the third quarter. Barclays PLC now owns 117,053 shares of the business services provider’s stock worth $2,618,000 after purchasing an additional 41,525 shares during the period. Institutional investors own 97.22% of the company’s stock.

PRA Group Stock Performance

PRAA opened at $21.96 on Thursday. The company has a fifty day moving average price of $21.44 and a two-hundred day moving average price of $21.36. The firm has a market capitalization of $867.64 million, a PE ratio of 12.27 and a beta of 1.64. PRA Group, Inc. has a 52 week low of $18.09 and a 52 week high of $28.64.

PRA Group (NASDAQ:PRAA) last posted its earnings results on Wednesday, February 19th. The business services provider reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.02. The company had revenue of $293.23 million during the quarter, compared to analyst estimates of $275.81 million. PRA Group had a return on equity of 5.16% and a net margin of 6.33%. Equities analysts forecast that PRA Group, Inc. will post 2.1 EPS for the current 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.