Vikram A. Atal Sells 5,830 Shares of PRA Group, Inc. (NASDAQ:PRAA) Stock

PRA Group, Inc. (NASDAQ:PRAA) CEO Vikram A. Atal sold 5,830 shares of the firm’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $24.39, for a total transaction of $142,193.70. Following the transaction, the chief executive officer now directly owns 155,625 shares in the company, valued at approximately $3,795,693.75. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

PRA Group Price Performance

PRA Group stock opened at $24.37 on Friday. The company’s 50-day moving average price is $24.99 and its two-hundred day moving average price is $21.97. PRA Group, Inc. has a 52 week low of $11.85 and a 52 week high of $38.17.

PRA Group (NASDAQ:PRAA) last posted its quarterly earnings data on Thursday, February 15th. The business services provider reported ($0.22) earnings per share for the quarter, beating the consensus estimate of ($0.35) by $0.13. PRA Group had a negative net margin of 10.40% and a negative return on equity of 6.82%. The company had revenue of $221.42 million during the quarter, compared to analyst estimates of $208.25 million. During the same quarter last year, the firm posted $0.41 EPS. The business’s revenue for the quarter was down .6% on a year-over-year basis. Equities research analysts forecast that PRA Group, Inc. will post 0.35 earnings per share for the current fiscal year.

Hedge Funds Weigh In On PRA Group

Several large investors have recently made changes to their positions in PRAA. UBS Group AG boosted its position in shares of PRA Group by 3,462.8% during the 3rd quarter. UBS Group AG now owns 963,521 shares of the business services provider’s stock valued at $18,509,000 after purchasing an additional 936,477 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of PRA Group by 12.3% during the 3rd quarter. Wellington Management Group LLP now owns 3,884,085 shares of the business services provider’s stock valued at $74,613,000 after purchasing an additional 425,505 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its position in shares of PRA Group by 11.0% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,139,639 shares of the business services provider’s stock valued at $106,058,000 after purchasing an additional 312,113 shares in the last quarter. Silvercrest Asset Management Group LLC bought a new position in shares of PRA Group during the 1st quarter valued at about $9,971,000. Finally, Millennium Management LLC boosted its position in shares of PRA Group by 86.2% during the 2nd quarter. Millennium Management LLC now owns 533,486 shares of the business services provider’s stock valued at $19,398,000 after purchasing an additional 247,050 shares in the last quarter. Institutional investors own 97.22% of the company’s stock.

Analysts Set New Price Targets

PRAA has been the topic of several research analyst reports. StockNews.com raised shares of PRA Group from a “sell” rating to a “hold” rating in a research note on Friday, February 16th. JMP Securities raised their target price on shares of PRA Group from $26.00 to $33.00 and gave the company a “market outperform” rating in a research note on Friday, February 16th.

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 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.