PRA Group (NASDAQ:PRAA) Hits New 12-Month Low – Here’s What Happened

PRA Group, Inc. (NASDAQ:PRAA)’s share price reached a new 52-week low on Wednesday . The company traded as low as $18.40 and last traded at $18.21, with a volume of 52172 shares changing hands. The stock had previously closed at $18.98.

PRA Group Trading Down 0.2 %

The business’s fifty day simple moving average is $21.52 and its 200-day simple moving average is $21.53. The firm has a market cap of $748.71 million, a P/E ratio of 10.56 and a beta of 1.64.

PRA Group (NASDAQ:PRAA) last posted its earnings results on Wednesday, February 19th. The business services provider reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.02. PRA Group had a return on equity of 5.16% and a net margin of 6.33%. The business had revenue of $293.23 million during the quarter, compared to analyst estimates of $275.81 million. As a group, research analysts expect that PRA Group, Inc. will post 2.1 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of PRAA. Sterling Capital Management LLC raised its position in shares of PRA Group by 805.8% in the fourth quarter. Sterling Capital Management LLC now owns 1,241 shares of the business services provider’s stock worth $26,000 after buying an additional 1,104 shares in the last quarter. Quarry LP raised its holdings in shares of PRA Group by 282.6% in the 3rd quarter. Quarry LP now owns 1,316 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 972 shares in the last quarter. FMR LLC boosted its position in shares of PRA Group by 55.0% during the 3rd quarter. FMR LLC now owns 1,707 shares of the business services provider’s stock valued at $38,000 after acquiring an additional 606 shares during the last quarter. Point72 DIFC Ltd grew its holdings in shares of PRA Group by 388.6% during the third quarter. Point72 DIFC Ltd now owns 2,150 shares of the business services provider’s stock worth $48,000 after purchasing an additional 1,710 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of PRA Group during the fourth quarter worth about $134,000. 97.22% of the stock is owned by institutional investors.

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.