AlphaQuest LLC Raises Stake in PRA Group, Inc. (NASDAQ:PRAA)

AlphaQuest LLC lifted its position in shares of PRA Group, Inc. (NASDAQ:PRAA) by 24.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 7,690 shares of the business services provider’s stock after purchasing an additional 1,513 shares during the quarter. AlphaQuest LLC’s holdings in PRA Group were worth $161,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Global Alpha Capital Management Ltd. boosted its holdings in PRA Group by 4.3% in the 4th quarter. Global Alpha Capital Management Ltd. now owns 1,896,000 shares of the business services provider’s stock worth $39,607,000 after acquiring an additional 78,200 shares during the period. State Street Corp boosted its holdings in PRA Group by 1.0% in the 3rd quarter. State Street Corp now owns 1,502,427 shares of the business services provider’s stock worth $33,594,000 after acquiring an additional 14,758 shares during the period. Geode Capital Management LLC boosted its holdings in PRA Group by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 929,184 shares of the business services provider’s stock worth $20,781,000 after acquiring an additional 19,134 shares during the period. Raymond James Financial Inc. purchased a new position in PRA Group in the 4th quarter worth approximately $7,657,000. Finally, Capital Management Corp VA purchased a new position in PRA Group in the 4th quarter worth approximately $4,659,000. Hedge funds and other institutional investors own 97.22% of the company’s stock.

PRA Group Stock Down 0.1 %

NASDAQ PRAA opened at $19.58 on Tuesday. The stock has a market cap of $773.61 million, a PE ratio of 10.94 and a beta of 1.64. PRA Group, Inc. has a fifty-two week low of $18.09 and a fifty-two week high of $28.64. The business has a 50 day moving average price of $21.41 and a two-hundred day moving average price of $21.43.

PRA Group (NASDAQ:PRAA) last announced its earnings results on Wednesday, February 19th. The business services provider reported $0.47 earnings per share (EPS) 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 company had revenue of $293.23 million for the quarter, compared to analyst estimates of $275.81 million. Sell-side analysts anticipate that PRA Group, Inc. will post 2.1 EPS for the current fiscal 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.