PRA Group, Inc. (NASDAQ:PRAA) Shares Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lifted its stake in shares of PRA Group, Inc. (NASDAQ:PRAAFree Report) by 125.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 42,846 shares of the business services provider’s stock after purchasing an additional 23,880 shares during the quarter. Assenagon Asset Management S.A. owned about 0.11% of PRA Group worth $1,117,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Wilbanks Smith & Thomas Asset Management LLC boosted its position in PRA Group by 192.2% during the 4th quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 293,583 shares of the business services provider’s stock worth $7,692,000 after acquiring an additional 193,117 shares during the period. Illinois Municipal Retirement Fund acquired a new stake in shares of PRA Group during the 3rd quarter valued at about $432,000. UBS Group AG lifted its holdings in shares of PRA Group by 3,462.8% during the 3rd quarter. UBS Group AG now owns 963,521 shares of the business services provider’s stock valued at $18,509,000 after buying an additional 936,477 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in shares of PRA Group by 42.3% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 450,193 shares of the business services provider’s stock valued at $8,648,000 after buying an additional 133,774 shares during the last quarter. Finally, Dark Forest Capital Management LP acquired a new stake in shares of PRA Group during the 3rd quarter valued at about $1,263,000. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Insider Buying and Selling

In other PRA Group news, CEO Vikram A. Atal sold 5,830 shares of PRA Group stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $24.39, for a total value of $142,193.70. Following the transaction, the chief executive officer now directly owns 155,625 shares of the company’s stock, valued at approximately $3,795,693.75. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on PRAA shares. JMP Securities reiterated a “market outperform” rating and set a $33.00 price target on shares of PRA Group in a report on Tuesday, May 7th. StockNews.com lowered PRA Group from a “buy” rating to a “hold” rating in a report on Thursday, May 16th.

View Our Latest Report on PRA Group

PRA Group Price Performance

PRAA traded up $0.32 on Tuesday, hitting $22.68. The company had a trading volume of 188,069 shares, compared to its average volume of 211,506. The company’s fifty day moving average price is $24.72 and its 200 day moving average price is $23.40. PRA Group, Inc. has a 1-year low of $11.85 and a 1-year high of $31.43. The stock has a market cap of $892.46 million, a price-to-earnings ratio of -42.00 and a beta of 1.47.

PRA Group (NASDAQ:PRAAGet Free Report) last posted its earnings results on Monday, May 6th. The business services provider reported $0.09 earnings per share for the quarter, topping the consensus estimate of ($0.15) by $0.24. PRA Group had a negative return on equity of 1.76% and a negative net margin of 2.37%. The firm had revenue of $255.59 million during the quarter, compared to analyst estimates of $233.37 million. During the same period in the previous year, the company earned ($1.50) EPS. The company’s revenue for the quarter was up 64.4% on a year-over-year basis. On average, sell-side analysts forecast that PRA Group, Inc. will post 0.7 EPS for the current year.

PRA Group Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for PRA Group (NASDAQ:PRAA)

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