Olympiad Research LP Takes Position in PRA Group, Inc. (NASDAQ:PRAA)

Olympiad Research LP acquired a new stake in shares of PRA Group, Inc. (NASDAQ:PRAA) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 11,582 shares of the business services provider’s stock, valued at approximately $242,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PRAA. Pinnacle Associates Ltd. raised its stake in PRA Group by 86.3% in the 3rd quarter. Pinnacle Associates Ltd. now owns 297,545 shares of the business services provider’s stock worth $6,653,000 after acquiring an additional 137,799 shares during the last quarter. Global Alpha Capital Management Ltd. raised its stake in PRA Group by 2.9% in the 3rd quarter. Global Alpha Capital Management Ltd. now owns 1,817,800 shares of the business services provider’s stock worth $40,646,000 after acquiring an additional 51,085 shares during the last quarter. Jane Street Group LLC raised its stake in shares of PRA Group by 92.8% during the 3rd quarter. Jane Street Group LLC now owns 88,634 shares of the business services provider’s stock valued at $1,982,000 after buying an additional 42,656 shares during the last quarter. Barclays PLC lifted its holdings in shares of PRA Group by 55.0% in the 3rd quarter. Barclays PLC now owns 117,053 shares of the business services provider’s stock valued at $2,618,000 after buying an additional 41,525 shares during the period. Finally, Janney Montgomery Scott LLC purchased a new stake in shares of PRA Group in the fourth quarter worth about $753,000. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Truist Financial raised their target price on PRA Group from $28.00 to $31.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th.

PRA Group Stock Performance

Shares of NASDAQ PRAA opened at $22.57 on Monday. The company’s fifty day moving average price is $21.67 and its 200 day moving average price is $21.71. PRA Group, Inc. has a 1 year low of $18.64 and a 1 year high of $28.64. The company has a market capitalization of $889.87 million, a PE ratio of 12.61 and a beta of 1.49.

PRA Group (NASDAQ:PRAA) last announced its quarterly earnings results on Wednesday, February 19th. The business services provider reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.02. PRA Group had a net margin of 6.33% and a return on equity of 5.16%. The firm had revenue of $293.23 million for the quarter, compared to the consensus estimate of $275.81 million. On average, equities analysts expect that PRA Group, Inc. will post 2.1 EPS for the current year.

About PRA Group

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.