Sherbrooke Park Advisers LLC Invests $270,000 in PRA Group, Inc. (NASDAQ:PRAA)

Sherbrooke Park Advisers LLC purchased a new position in shares of PRA Group, Inc. (NASDAQ:PRAA) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 12,920 shares of the business services provider’s stock, valued at approximately $270,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Invesco Ltd. lifted its stake in shares of PRA Group by 195.7% in the fourth quarter. Invesco Ltd. now owns 799,307 shares of the business services provider’s stock worth $16,698,000 after acquiring an additional 529,041 shares during the period. Raymond James Financial Inc. acquired a new position in shares of PRA Group in the fourth quarter worth approximately $7,657,000. JPMorgan Chase & Co. lifted its stake in shares of PRA Group by 356.3% in the fourth quarter. JPMorgan Chase & Co. now owns 341,952 shares of the business services provider’s stock worth $7,143,000 after acquiring an additional 267,015 shares during the period. Marshall Wace LLP lifted its stake in shares of PRA Group by 271.0% in the fourth quarter. Marshall Wace LLP now owns 337,166 shares of the business services provider’s stock worth $7,043,000 after acquiring an additional 246,282 shares during the period. Finally, Capital Management Corp VA acquired a new position in shares of PRA Group in the fourth quarter worth approximately $4,659,000. 97.22% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on PRAA shares. JMP Securities dropped their price target on PRA Group from $30.00 to $23.00 and set a “market outperform” rating on the stock in a research note on Tuesday, May 6th. StockNews.com lowered PRA Group from a “buy” rating to a “hold” rating in a research note on Wednesday, May 7th.

PRA Group Stock Performance

Shares of PRAA opened at $14.81 on Tuesday. PRA Group, Inc. has a 52-week low of $12.91 and a 52-week high of $27.54. The business’s 50 day moving average price is $17.92 and its two-hundred day moving average price is $20.31. The firm has a market cap of $587.35 million, a PE ratio of 8.27 and a beta of 1.70.

PRA Group (NASDAQ:PRAA) last issued its quarterly earnings results on Monday, May 5th. The business services provider reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.32). PRA Group had a net margin of 6.33% and a return on equity of 5.16%. The business had revenue of $269.62 million during the quarter, compared to analyst estimates of $288.63 million. During the same period last year, the firm posted $0.09 earnings per share. PRA Group’s quarterly revenue was up 5.5% compared to the same quarter last year. Research analysts predict that PRA Group, Inc. will post 2.1 EPS for the current fiscal year.

Insider Buying and Selling at PRA Group

In other PRA Group news, Director Brett Lee Paschke purchased 5,000 shares of the firm’s stock in a transaction on Wednesday, May 7th. The stock was acquired at an average price of $13.39 per share, for a total transaction of $66,950.00. Following the purchase, the director now owns 30,056 shares of the company’s stock, valued at $402,449.84. This trade represents a 19.96% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.00% of the stock is currently owned by company insiders.

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.