PRA Group, Inc. (NASDAQ:PRAA) CEO Kevin P. Stevenson Sells 10,000 Shares of Stock

PRA Group, Inc. (NASDAQ:PRAAGet Rating) CEO Kevin P. Stevenson sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 20th. The stock was sold at an average price of $44.89, for a total value of $448,900.00. Following the completion of the transaction, the chief executive officer now owns 370,949 shares in the company, valued at approximately $16,651,900.61. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Shares of NASDAQ PRAA opened at $43.36 on Friday. The stock has a fifty day simple moving average of $44.89 and a two-hundred day simple moving average of $45.36. PRA Group, Inc. has a 1-year low of $36.81 and a 1-year high of $51.00. The firm has a market cap of $1.76 billion, a price-to-earnings ratio of 10.73 and a beta of 1.32.

PRA Group (NASDAQ:PRAAGet Rating) last announced its quarterly earnings data on Monday, February 28th. The business services provider reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.14. PRA Group had a return on equity of 13.01% and a net margin of 16.72%. The business had revenue of $256.90 million during the quarter, compared to analyst estimates of $252.55 million. During the same period in the prior year, the company earned $0.65 earnings per share. PRA Group’s revenue was down 6.2% compared to the same quarter last year. On average, equities research analysts anticipate that PRA Group, Inc. will post 2.75 earnings per share for the current fiscal year.

A number of equities analysts have recently weighed in on the company. StockNews.com downgraded PRA Group from a “buy” rating to a “hold” rating in a research note on Saturday, April 16th. JMP Securities reduced their price objective on PRA Group from $60.00 to $56.00 and set a “market outperform” rating for the company in a report on Tuesday, March 1st. Finally, William Blair reissued an “outperform” rating on shares of PRA Group in a report on Tuesday, March 1st.

Large investors have recently bought and sold shares of the business. Point72 Hong Kong Ltd lifted its position in shares of PRA Group by 53.7% during the third quarter. Point72 Hong Kong Ltd now owns 919 shares of the business services provider’s stock worth $39,000 after acquiring an additional 321 shares in the last quarter. Marshall Wace North America L.P. lifted its position in shares of PRA Group by 32.9% during the first quarter. Marshall Wace North America L.P. now owns 1,655 shares of the business services provider’s stock worth $44,000 after acquiring an additional 410 shares in the last quarter. CastleArk Alternatives LLC purchased a new stake in shares of PRA Group during the third quarter worth $48,000. Sageworth Trust Co of South Dakota purchased a new stake in shares of PRA Group during the fourth quarter worth $71,000. Finally, Stephens Inc. AR lifted its position in shares of PRA Group by 8.7% during the third quarter. Stephens Inc. AR now owns 4,067 shares of the business services provider’s stock worth $171,000 after acquiring an additional 325 shares in the last quarter. Hedge funds and other institutional investors own 98.89% of the company’s stock.

About PRA Group (Get Rating)

PRA Group, Inc, a financial and business services company, engages in the purchase, collection, and management of portfolios of nonperforming loans in the Americas, Australia, and Europe. 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.

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