Sei Investments Co. Sells 3,419 Shares of PRA Group, Inc. (NASDAQ:PRAA)

Sei Investments Co. decreased its position in PRA Group, Inc. (NASDAQ:PRAA) by 3.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 88,658 shares of the business services provider’s stock after selling 3,419 shares during the quarter. Sei Investments Co. owned approximately 0.22% of PRA Group worth $1,852,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in PRAA. Raymond James Financial Inc. bought a new stake in PRA Group during the 4th quarter valued at about $7,657,000. Capital Management Corp VA purchased a new stake in PRA Group during the fourth quarter valued at approximately $4,659,000. Global Alpha Capital Management Ltd. boosted its stake in shares of PRA Group by 4.3% during the 4th quarter. Global Alpha Capital Management Ltd. now owns 1,896,000 shares of the business services provider’s stock worth $39,607,000 after acquiring an additional 78,200 shares during the last quarter. Jane Street Group LLC grew its position in shares of PRA Group by 92.8% during the 3rd 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 period. Finally, Barclays PLC increased its stake in shares of PRA Group by 55.0% in the 3rd 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 in the last quarter. Hedge funds and other institutional investors own 97.22% of the company’s stock.

PRA Group Stock Performance

NASDAQ PRAA opened at $19.16 on Friday. The business’s fifty day moving average is $21.36 and its 200 day moving average is $21.34. PRA Group, Inc. has a fifty-two week low of $18.09 and a fifty-two week high of $28.64. The company has a market capitalization of $757.01 million, a PE ratio of 10.70 and a beta of 1.64.

PRA Group (NASDAQ:PRAA) last announced its quarterly earnings data 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 firm had revenue of $293.23 million during the quarter, compared to analysts’ expectations of $275.81 million. PRA Group had a net margin of 6.33% and a return on equity of 5.16%. On average, sell-side 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.