Pra Group Inc (NASDAQ:PRAA) has been given a consensus recommendation of “Hold” by the six research firms that are currently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $32.00.
A number of research analysts have commented on PRAA shares. ValuEngine cut shares of Pra Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 1st. BidaskClub cut shares of Pra Group from a “buy” rating to a “hold” rating in a research report on Saturday, October 5th. Finally, Buckingham Research increased their price target on shares of Pra Group from $30.00 to $32.00 and gave the company a “neutral” rating in a research report on Friday, August 9th.
NASDAQ PRAA traded up $0.60 on Thursday, reaching $34.18. 8,160 shares of the company’s stock traded hands, compared to its average volume of 276,818. Pra Group has a 12 month low of $22.62 and a 12 month high of $35.60. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.20 and a quick ratio of 1.20. The stock has a 50-day simple moving average of $33.92 and a 200 day simple moving average of $30.29. The stock has a market cap of $1.53 billion, a PE ratio of 23.70 and a beta of 1.61.
Pra Group (NASDAQ:PRAA) last issued its quarterly earnings results on Thursday, August 8th. The business services provider reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.04. Pra Group had a net margin of 6.11% and a return on equity of 5.16%. The business had revenue of $252.06 million for the quarter, compared to analysts’ expectations of $245.48 million. During the same period last year, the business earned $0.43 earnings per share. The business’s quarterly revenue was up 13.8% on a year-over-year basis. As a group, analysts anticipate that Pra Group will post 1.71 EPS for the current year.
In other news, EVP Christopher B. Graves sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $35.06, for a total value of $87,650.00. Following the transaction, the executive vice president now owns 74,180 shares in the company, valued at $2,600,750.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.68% of the stock is currently owned by company insiders.
Several institutional investors have recently modified their holdings of the company. Price T Rowe Associates Inc. MD grew its holdings in shares of Pra Group by 2.1% in the second quarter. Price T Rowe Associates Inc. MD now owns 4,060,994 shares of the business services provider’s stock worth $114,276,000 after purchasing an additional 82,619 shares during the last quarter. Stephens Investment Management Group LLC boosted its holdings in Pra Group by 13.6% in the second quarter. Stephens Investment Management Group LLC now owns 1,746,166 shares of the business services provider’s stock valued at $49,137,000 after acquiring an additional 208,800 shares in the last quarter. Global Alpha Capital Management Ltd. boosted its holdings in Pra Group by 7.7% in the second quarter. Global Alpha Capital Management Ltd. now owns 1,022,479 shares of the business services provider’s stock valued at $28,773,000 after acquiring an additional 72,796 shares in the last quarter. Investment Counselors of Maryland LLC boosted its holdings in Pra Group by 1.1% in the second quarter. Investment Counselors of Maryland LLC now owns 737,695 shares of the business services provider’s stock valued at $20,759,000 after acquiring an additional 7,796 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in Pra Group by 2.2% in the second quarter. Northern Trust Corp now owns 703,259 shares of the business services provider’s stock valued at $19,789,000 after acquiring an additional 15,118 shares in the last quarter.
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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