223,011 Shares in PRA Group, Inc. (NASDAQ:PRAA) Purchased by Capital Management Corp VA

Capital Management Corp VA acquired a new stake in shares of PRA Group, Inc. (NASDAQ:PRAA) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 223,011 shares of the business services provider’s stock, valued at approximately $4,659,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PRAA. Quarry LP increased its holdings in shares of PRA Group by 282.6% in 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 period. FMR LLC lifted 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 worth $38,000 after purchasing an additional 606 shares during the period. Point72 DIFC Ltd grew its position in PRA Group by 388.6% in the 3rd quarter. Point72 DIFC Ltd now owns 2,150 shares of the business services provider’s stock valued at $48,000 after buying an additional 1,710 shares during the last quarter. Olympiad Research LP acquired a new position in PRA Group in the 4th quarter valued at $242,000. Finally, ClearAlpha Technologies LP purchased a new position in PRA Group during the 3rd quarter worth $294,000. 97.22% of the stock is owned by hedge funds and other institutional investors.

PRA Group Stock Down 1.2 %

Shares of NASDAQ:PRAA opened at $19.89 on Friday. The company has a market cap of $785.85 million, a price-to-earnings ratio of 11.11 and a beta of 1.64. PRA Group, Inc. has a fifty-two week low of $18.64 and a fifty-two week high of $28.64. The firm’s 50-day simple moving average is $21.60 and its 200-day simple moving average is $21.61.

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

PRA Group Company 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.