GWM Advisors LLC Takes Position in Pra Group Inc (NASDAQ:PRAA)

GWM Advisors LLC bought a new stake in Pra Group Inc (NASDAQ:PRAA) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 30,842 shares of the business services provider’s stock, valued at approximately $1,192,000. GWM Advisors LLC owned 0.07% of Pra Group as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Marshall Wace North America L.P. grew its position in shares of Pra Group by 32.9% in the first quarter. Marshall Wace North America L.P. now owns 1,655 shares of the business services provider’s stock valued at $44,000 after purchasing an additional 410 shares during the period. Mutual of America Capital Management LLC grew its position in shares of Pra Group by 24.7% in the first quarter. Mutual of America Capital Management LLC now owns 2,017 shares of the business services provider’s stock valued at $56,000 after purchasing an additional 399 shares during the period. Advisor Group Holdings Inc. acquired a new stake in shares of Pra Group in the first quarter valued at about $59,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Pra Group by 43.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,137 shares of the business services provider’s stock valued at $115,000 after purchasing an additional 1,253 shares during the period. Finally, James Investment Research Inc. acquired a new stake in shares of Pra Group in the second quarter valued at about $172,000.

PRAA has been the topic of several research reports. JMP Securities raised their price target on shares of Pra Group from $35.00 to $45.00 in a research note on Wednesday, June 10th. BidaskClub raised shares of Pra Group from a “sell” rating to a “hold” rating in a research note on Thursday, April 30th. ValuEngine downgraded shares of Pra Group from a “hold” rating to a “sell” rating in a research note on Wednesday, June 3rd. Finally, Keefe, Bruyette & Woods raised shares of Pra Group from a “market perform” rating to an “outperform” rating and set a $35.00 price target on the stock in a research note on Sunday, April 12th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. Pra Group currently has a consensus rating of “Hold” and a consensus target price of $37.33.

In other Pra Group news, EVP Christopher D. Lagow sold 2,688 shares of Pra Group stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $38.00, for a total transaction of $102,144.00. Following the transaction, the executive vice president now directly owns 24,205 shares of the company’s stock, valued at $919,790. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Steven D. Fredrickson sold 8,000 shares of Pra Group stock in a transaction dated Thursday, July 16th. The stock was sold at an average price of $39.96, for a total transaction of $319,680.00. Following the transaction, the chairman now directly owns 283,195 shares in the company, valued at $11,316,472.20. The disclosure for this sale can be found here. Insiders have sold 11,320 shares of company stock worth $446,504 over the last ninety days. 1.83% of the stock is owned by insiders.

Shares of PRAA stock opened at $39.56 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.20 and a quick ratio of 1.20. The firm’s 50-day moving average is $38.19 and its two-hundred day moving average is $33.97. Pra Group Inc has a 12 month low of $19.40 and a 12 month high of $41.07. The company has a market capitalization of $1.80 billion, a PE ratio of 19.98 and a beta of 1.40.

Pra Group (NASDAQ:PRAA) last issued its earnings results on Thursday, May 7th. The business services provider reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.18. Pra Group had a net margin of 8.80% and a return on equity of 7.76%. The company had revenue of $251.78 million for the quarter, compared to the consensus estimate of $241.60 million. During the same period in the previous year, the firm earned $0.34 earnings per share. Pra Group’s quarterly revenue was up 2.4% compared to the same quarter last year. Sell-side analysts forecast that Pra Group Inc will post 2.42 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 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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Institutional Ownership by Quarter for Pra Group (NASDAQ:PRAA)

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