Raymond James Financial Inc. Buys Shares of 366,534 PRA Group, Inc. (NASDAQ:PRAA)

Raymond James Financial Inc. bought a new stake in shares of PRA Group, Inc. (NASDAQ:PRAA) in the 4th quarter, HoldingsChannel reports. The fund bought 366,534 shares of the business services provider’s stock, valued at approximately $7,657,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Quarry LP increased its stake in PRA Group by 282.6% during the third quarter. Quarry LP now owns 1,316 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 972 shares during the last quarter. FMR LLC boosted its holdings in shares of PRA Group by 55.0% during the third quarter. FMR LLC now owns 1,707 shares of the business services provider’s stock valued at $38,000 after acquiring an additional 606 shares during the period. Point72 DIFC Ltd boosted its holdings in shares of PRA Group by 388.6% during the third quarter. Point72 DIFC Ltd now owns 2,150 shares of the business services provider’s stock valued at $48,000 after acquiring an additional 1,710 shares during the period. Olympiad Research LP acquired a new position in shares of PRA Group during the fourth quarter valued at $242,000. Finally, ClearAlpha Technologies LP acquired a new position in shares of PRA Group during the third quarter valued at $294,000. Institutional investors own 97.22% of the company’s stock.

PRA Group Stock Performance

Shares of PRAA opened at $20.37 on Friday. PRA Group, Inc. has a 1 year low of $18.09 and a 1 year high of $28.64. The company has a market cap of $804.82 million, a price-to-earnings ratio of 11.38 and a beta of 1.64. The firm has a fifty day moving average of $21.41 and a 200-day moving average of $21.36.

PRA Group (NASDAQ:PRAA) last announced its quarterly earnings results on Wednesday, February 19th. The business services provider reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.02. PRA Group had a net margin of 6.33% and a return on equity of 5.16%. The company had revenue of $293.23 million during the quarter, compared to the consensus estimate of $275.81 million. Analysts predict that PRA Group, Inc. will post 2.1 EPS for the current year.

PRA Group 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.