50,091 Shares in PRA Group, Inc. $PRAA Acquired by GSA Capital Partners LLP

GSA Capital Partners LLP bought a new stake in PRA Group, Inc. (NASDAQ:PRAA) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 50,091 shares of the business services provider’s stock, valued at approximately $951,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PRAA. Los Angeles Capital Management LLC acquired a new position in PRA Group during the fourth quarter worth $27,000. EverSource Wealth Advisors LLC boosted its position in shares of PRA Group by 145.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,481 shares of the business services provider’s stock worth $44,000 after buying an additional 1,471 shares during the period. Larson Financial Group LLC boosted its position in shares of PRA Group by 146.8% during the fourth quarter. Larson Financial Group LLC now owns 2,848 shares of the business services provider’s stock worth $50,000 after buying an additional 1,694 shares during the period. Tower Research Capital LLC TRC grew its stake in shares of PRA Group by 375.1% in the second quarter. Tower Research Capital LLC TRC now owns 4,784 shares of the business services provider’s stock valued at $71,000 after buying an additional 3,777 shares in the last quarter. Finally, Globeflex Capital L P acquired a new stake in shares of PRA Group in the second quarter valued at $102,000. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on PRAA. Zacks Research raised PRA Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. Wall Street Zen raised PRA Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of PRA Group in a research note on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $26.00.

PRA Group Trading Down 2.9%

Shares of NASDAQ PRAA opened at $19.65 on Wednesday. The stock has a market cap of $739.78 million, a P/E ratio of -2.92 and a beta of 1.11. PRA Group, Inc. has a 12-month low of $10.25 and a 12-month high of $22.55. The business’s fifty day simple moving average is $17.75 and its 200-day simple moving average is $16.80.

PRA Group (NASDAQ:PRAA) last posted its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.99. The company had revenue of $372.17 million for the quarter, compared to analyst estimates of $299.99 million. PRA Group had a positive return on equity of 15.56% and a negative net margin of 19.91%. On average, equities analysts forecast that PRA Group, Inc. will post 3.93 EPS for the current fiscal year.

About PRA Group

PRA Group, Inc is a global specialty finance company focused on the acquisition and management of nonperforming loans. Founded in 1996 as Portfolio Recovery Associates, the company purchases defaulted consumer and commercial receivables at discounted rates from financial institutions, utilities and other creditors. By combining rigorous analytics with a consumer-centric ethos, PRA Group seeks to maximize recoveries while maintaining respectful and compliant interactions with debtors.

The company’s core activities include first-party and third-party collections across a range of asset classes such as credit cards, auto loans and utility receivables.