Global Alpha Capital Management Ltd. Boosts Holdings in PRA Group, Inc. (NASDAQ:PRAA)

Global Alpha Capital Management Ltd. boosted its holdings in shares of PRA Group, Inc. (NASDAQ:PRAA) by 2.9% during the third quarter, Holdings Channel.com reports. The institutional investor owned 1,817,800 shares of the business services provider’s stock after buying an additional 51,085 shares during the period. PRA Group accounts for 2.6% of Global Alpha Capital Management Ltd.’s investment portfolio, making the stock its 14th largest holding. Global Alpha Capital Management Ltd.’s holdings in PRA Group were worth $40,646,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of PRA Group during the 2nd quarter worth approximately $29,000. nVerses Capital LLC increased its position in shares of PRA Group by 700.0% during the second quarter. nVerses Capital LLC now owns 1,600 shares of the business services provider’s stock worth $31,000 after acquiring an additional 1,400 shares during the last quarter. Innealta Capital LLC bought a new stake in PRA Group in the second quarter valued at about $57,000. SG Americas Securities LLC bought a new stake in PRA Group in the first quarter valued at about $103,000. Finally, Quest Partners LLC increased its holdings in PRA Group by 14.2% in the second quarter. Quest Partners LLC now owns 10,179 shares of the business services provider’s stock valued at $200,000 after buying an additional 1,267 shares during the last quarter. 97.22% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on PRAA shares. StockNews.com upgraded PRA Group from a “hold” rating to a “buy” rating in a research report on Wednesday, October 16th. Truist Financial increased their price objective 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 Down 1.7 %

PRAA stock opened at $22.32 on Wednesday. The company has a market cap of $880.08 million, a PE ratio of 20.29 and a beta of 1.50. The business’s 50-day simple moving average is $21.64 and its 200 day simple moving average is $21.97. PRA Group, Inc. has a twelve month low of $17.19 and a twelve month high of $31.43.

PRA Group (NASDAQ:PRAA) last issued its quarterly earnings data on Monday, November 4th. The business services provider reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.37. PRA Group had a net margin of 4.16% and a return on equity of 2.90%. The business had revenue of $281.48 million for the quarter, compared to analyst estimates of $262.20 million. During the same period last year, the business posted ($0.31) earnings per share. The firm’s quarterly revenue was up 30.1% on a year-over-year basis. On average, equities research analysts anticipate that PRA Group, Inc. will post 1.57 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.