Stephens Investment Management Group LLC Purchases 208,800 Shares of Pra Group Inc (NASDAQ:PRAA)

Stephens Investment Management Group LLC boosted its position in Pra Group Inc (NASDAQ:PRAA) by 13.6% during the second quarter, HoldingsChannel reports. The fund owned 1,746,166 shares of the business services provider’s stock after buying an additional 208,800 shares during the quarter. Stephens Investment Management Group LLC’s holdings in Pra Group were worth $49,137,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Marshall Wace North America L.P. increased its position in shares of Pra Group by 32.9% during the first quarter. Marshall Wace North America L.P. now owns 1,655 shares of the business services provider’s stock valued at $44,000 after buying an additional 410 shares during the period. Osborn Williams & Donohoe LLC bought a new stake in shares of Pra Group during the first quarter valued at about $57,000. Quantamental Technologies LLC bought a new stake in shares of Pra Group during the first quarter valued at about $116,000. Crossmark Global Holdings Inc. bought a new stake in shares of Pra Group during the second quarter valued at about $203,000. Finally, Campbell & CO Investment Adviser LLC bought a new stake in shares of Pra Group during the first quarter valued at about $260,000.

Shares of PRAA traded up $0.57 during midday trading on Thursday, hitting $33.03. 5,555 shares of the company traded hands, compared to its average volume of 245,898. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.20 and a current ratio of 1.20. The stock’s 50-day moving average is $29.38. The firm has a market cap of $1.47 billion, a price-to-earnings ratio of 22.62 and a beta of 1.64. Pra Group Inc has a one year low of $22.62 and a one year high of $39.40.

Pra Group (NASDAQ:PRAA) last posted its quarterly earnings data on Thursday, August 8th. The business services provider reported $0.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.04. The company had revenue of $252.06 million for the quarter, compared to analysts’ expectations of $245.48 million. Pra Group had a net margin of 6.11% and a return on equity of 5.18%. Pra Group’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.43 earnings per share. On average, equities research analysts predict that Pra Group Inc will post 1.69 earnings per share for the current fiscal year.

Several brokerages have recently weighed in on PRAA. Buckingham Research upped their price target on Pra Group from $30.00 to $32.00 and gave the company a “neutral” rating in a research report on Friday, August 9th. BidaskClub upgraded Pra Group from a “sell” rating to a “hold” rating in a research report on Friday, July 26th. Finally, ValuEngine upgraded Pra Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 10th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $32.00.

Pra Group Company Profile

PRA Group, Inc, a financial and business services company, engages in the purchase, collection, and management of portfolios of nonperforming loans in the Americas and Europe. It is involved in the acquisition of accounts that are primarily the unpaid obligations of individuals owed to credit grantors, which include banks and other types of consumer, retail, and auto finance companies.

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Institutional Ownership by Quarter for Pra Group (NASDAQ:PRAA)

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