PRA Group, Inc. (NASDAQ:PRAA) Shares Sold by Squarepoint Ops LLC

Squarepoint Ops LLC trimmed its position in shares of PRA Group, Inc. (NASDAQ:PRAA) by 76.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,739 shares of the business services provider’s stock after selling 34,089 shares during the quarter. Squarepoint Ops LLC’s holdings in PRA Group were worth $211,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. nVerses Capital LLC increased its holdings in PRA Group by 700.0% in the second quarter. nVerses Capital LLC now owns 1,600 shares of the business services provider’s stock valued at $31,000 after buying an additional 1,400 shares in the last quarter. Innealta Capital LLC acquired a new position in PRA Group in the 2nd quarter worth about $57,000. PNC Financial Services Group Inc. boosted its position in PRA Group by 11.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,931 shares of the business services provider’s stock worth $103,000 after purchasing an additional 419 shares in the last quarter. SG Americas Securities LLC purchased a new position in PRA Group during the first quarter worth approximately $103,000. Finally, Quest Partners LLC grew its holdings in PRA Group by 14.2% in the second quarter. Quest Partners LLC now owns 10,179 shares of the business services provider’s stock valued at $200,000 after purchasing an additional 1,267 shares during the period. 97.22% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently 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 for the company in a research note on Tuesday, August 20th. StockNews.com downgraded shares of PRA Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 8th.

PRA Group Trading Up 1.2 %

NASDAQ:PRAA opened at $21.40 on Friday. The firm has a market cap of $842.13 million, a P/E ratio of -39.63 and a beta of 1.49. The stock has a 50 day moving average of $22.07 and a two-hundred day moving average of $22.59. PRA Group, Inc. has a 12 month low of $11.85 and a 12 month high of $31.43.

PRA Group (NASDAQ:PRAA) last posted its quarterly earnings data on Monday, August 5th. The business services provider reported $0.54 EPS for the quarter, beating the consensus estimate of $0.08 by $0.46. The firm had revenue of $284.20 million during 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%. During the same period in the prior year, the company earned ($0.10) EPS. The firm’s revenue was up 35.9% compared to the same quarter last year. On average, research analysts forecast that PRA Group, Inc. will post 1.33 earnings per share for the current year.

Insider Activity

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

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.