Walleye Capital LLC Makes New Investment in PRA Group, Inc. $PRAA

Walleye Capital LLC bought a new stake in PRA Group, Inc. (NASDAQ:PRAA) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 41,755 shares of the business services provider’s stock, valued at approximately $731,000. Walleye Capital LLC owned 0.11% of PRA Group at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. The Manufacturers Life Insurance Company lifted its holdings in shares of PRA Group by 5.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,523 shares of the business services provider’s stock valued at $214,000 after purchasing an additional 768 shares in the last quarter. Focus Partners Wealth increased its stake in PRA Group by 1.0% during the 4th quarter. Focus Partners Wealth now owns 94,900 shares of the business services provider’s stock worth $1,679,000 after purchasing an additional 927 shares in the last quarter. SG Americas Securities LLC increased its stake in PRA Group by 8.8% during the 4th quarter. SG Americas Securities LLC now owns 12,051 shares of the business services provider’s stock worth $213,000 after purchasing an additional 974 shares in the last quarter. Mariner LLC increased its stake in PRA Group by 3.2% during the 3rd quarter. Mariner LLC now owns 31,045 shares of the business services provider’s stock worth $479,000 after purchasing an additional 975 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in PRA Group by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,081 shares of the business services provider’s stock worth $476,000 after buying an additional 1,020 shares during the period. 97.22% of the stock is currently owned by institutional investors.

PRA Group Stock Performance

Shares of PRA Group stock opened at $16.98 on Friday. The firm has a market cap of $647.62 million, a PE ratio of -2.37 and a beta of 1.10. The business’s 50 day simple moving average is $16.49 and its 200 day simple moving average is $16.54. PRA Group, Inc. has a 52-week low of $10.25 and a 52-week high of $22.55.

PRA Group (NASDAQ:PRAA) last issued its quarterly earnings results on Thursday, May 7th. The business services provider reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.22. The firm had revenue of $314.53 million for the quarter, compared to analyst estimates of $295.90 million. PRA Group had a negative net margin of 22.51% and a positive return on equity of 13.19%. As a group, equities research analysts predict that PRA Group, Inc. will post 2.52 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of PRA Group in a report on Wednesday, June 24th. Wall Street Zen lowered shares of PRA Group from a “strong-buy” rating to a “buy” rating in a report on Sunday, June 7th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, PRA Group presently has a consensus rating of “Hold” and an average price target of $25.00.

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.