PRA Group Inc. (NASDAQ:PRAA) insider Michael J. Petit sold 5,000 shares of the firm’s stock in a transaction dated Friday, October 7th. The shares were sold at an average price of $34.23, for a total transaction of $171,150.00. Following the sale, the insider now directly owns 96,857 shares in the company, valued at approximately $3,315,415.11. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
PRA Group Inc. (NASDAQ:PRAA) opened at 32.20 on Monday. The stock has a market cap of $1.49 billion, a P/E ratio of 11.98 and a beta of 1.32. PRA Group Inc. has a 12-month low of $20.00 and a 12-month high of $56.00. The company has a 50 day moving average of $33.05 and a 200-day moving average of $29.09.
PRA Group (NASDAQ:PRAA) last announced its earnings results on Monday, August 8th. The company reported $0.83 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.83. The business earned $228.50 million during the quarter, compared to the consensus estimate of $227.92 million. PRA Group had a net margin of 13.89% and a return on equity of 19.50%. The firm’s revenue was down 3.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.06 earnings per share. Equities analysts forecast that PRA Group Inc. will post $2.95 earnings per share for the current year.
A number of analysts have recently issued reports on the stock. William Blair reaffirmed an “outperform” rating on shares of PRA Group in a report on Tuesday, September 20th. SunTrust Banks Inc. set a $42.00 price target on shares of PRA Group and gave the company a “buy” rating in a report on Tuesday, October 11th. Finally, Zacks Investment Research raised shares of PRA Group from a “sell” rating to a “hold” rating in a report on Thursday, September 22nd. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $34.20.
A number of institutional investors have recently made changes to their positions in the company. Ngam Advisors L.P. increased its position in shares of PRA Group by 14.3% in the first quarter. Ngam Advisors L.P. now owns 15,922 shares of the company’s stock worth $468,000 after buying an additional 1,987 shares in the last quarter. BlackRock Group LTD increased its position in shares of PRA Group by 7.6% in the first quarter. BlackRock Group LTD now owns 58,848 shares of the company’s stock worth $1,731,000 after buying an additional 4,180 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its position in shares of PRA Group by 1.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,211,240 shares of the company’s stock worth $35,598,000 after buying an additional 21,785 shares in the last quarter. M&T Bank Corp increased its position in shares of PRA Group by 20.6% in the first quarter. M&T Bank Corp now owns 12,839 shares of the company’s stock worth $377,000 after buying an additional 2,192 shares in the last quarter. Finally, Huntington Asset Advisors Inc. purchased a new position in shares of PRA Group during the first quarter worth approximately $367,000.
About PRA Group