Pra Group Inc (NASDAQ:PRAA) SVP Christopher D. Lagow sold 1,405 shares of the stock in a transaction on Friday, August 31st. The shares were sold at an average price of $36.05, for a total value of $50,650.25. Following the completion of the transaction, the senior vice president now directly owns 19,747 shares of the company’s stock, valued at $711,879.35. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Shares of PRAA traded up $0.20 during midday trading on Friday, reaching $36.95. The company had a trading volume of 173,152 shares, compared to its average volume of 213,638. Pra Group Inc has a 1-year low of $25.72 and a 1-year high of $43.75. The company has a market capitalization of $1.66 billion, a PE ratio of 27.78 and a beta of 1.57.
Pra Group (NASDAQ:PRAA) last issued its earnings results on Tuesday, August 7th. The business services provider reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. Pra Group had a return on equity of 6.41% and a net margin of 16.81%. The business had revenue of $221.52 million during the quarter, compared to the consensus estimate of $214.17 million. equities analysts expect that Pra Group Inc will post 1.61 EPS for the current year.
A number of brokerages have issued reports on PRAA. BidaskClub raised Pra Group from a “hold” rating to a “buy” rating in a research note on Friday, July 6th. ValuEngine raised Pra Group from a “hold” rating to a “buy” rating in a research note on Thursday, July 5th. Keefe, Bruyette & Woods set a $35.00 target price on Pra Group and gave the stock a “hold” rating in a research note on Thursday, August 9th. Finally, Oppenheimer reaffirmed a “hold” rating on shares of Pra Group in a research note on Thursday, August 9th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. Pra Group has a consensus rating of “Hold” and an average price target of $35.00.
Several institutional investors and hedge funds have recently modified their holdings of PRAA. Frontier Capital Management Co. LLC increased its stake in shares of Pra Group by 31.0% in the 1st quarter. Frontier Capital Management Co. LLC now owns 374,896 shares of the business services provider’s stock worth $14,246,000 after acquiring an additional 88,763 shares during the last quarter. CIBC Asset Management Inc purchased a new position in shares of Pra Group during the 1st quarter worth $223,000. SG Americas Securities LLC purchased a new position in shares of Pra Group during the 1st quarter worth $132,000. Boston Partners grew its holdings in shares of Pra Group by 44.2% during the 1st quarter. Boston Partners now owns 683,914 shares of the business services provider’s stock worth $25,989,000 after purchasing an additional 209,736 shares during the period. Finally, Victory Capital Management Inc. purchased a new position in shares of Pra Group during the 1st quarter worth $182,000.
About Pra Group
PRA Group, Inc, a financial and business services company, engages in the purchase, collection, and management of portfolios of nonperforming loans in the Americas and Europe. It is involved in the acquisition of accounts that are primarily the unpaid obligations of individuals owed to credit grantors, which include banks and other types of consumer, retail, and auto finance companies.
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