Everence Capital Management Inc. Buys New Shares in Pra Group Inc (NASDAQ:PRAA)

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Everence Capital Management Inc. bought a new stake in Pra Group Inc (NASDAQ:PRAA) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,920 shares of the business services provider’s stock, valued at approximately $234,000.

Other large investors have also recently added to or reduced their stakes in the company. Ladenburg Thalmann Financial Services Inc. grew its stake in shares of Pra Group by 279.9% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 927 shares of the business services provider’s stock valued at $25,000 after buying an additional 683 shares in the last quarter. Marshall Wace North America L.P. lifted its holdings in Pra Group by 32.9% during the 1st 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 last quarter. Crossmark Global Holdings Inc. acquired a new stake in Pra Group during the 2nd quarter valued at $203,000. LPL Financial LLC acquired a new stake in Pra Group during the 2nd quarter valued at $208,000. Finally, Paloma Partners Management Co acquired a new stake in Pra Group during the 2nd quarter valued at $214,000.

In other news, EVP Christopher B. Graves sold 2,500 shares of Pra Group stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $35.06, for a total transaction of $87,650.00. Following the completion of the sale, the executive vice president now owns 74,180 shares of the company’s stock, valued at $2,600,750.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.68% of the stock is currently owned by company insiders.

Shares of PRAA traded down $0.60 during midday trading on Wednesday, reaching $32.25. 4,356 shares of the stock were exchanged, compared to its average volume of 260,272. Pra Group Inc has a twelve month low of $22.62 and a twelve month high of $35.60. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.07. The company has a market cap of $1.49 billion, a P/E ratio of 22.31 and a beta of 1.61. The stock’s 50 day simple moving average is $33.98 and its 200 day simple moving average is $30.03.

Pra Group (NASDAQ:PRAA) last posted its earnings results on Thursday, August 8th. The business services provider reported $0.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.04. Pra Group had a return on equity of 5.16% and a net margin of 6.11%. The company had revenue of $252.06 million during the quarter, compared to the consensus estimate of $245.48 million. During the same quarter last year, the firm earned $0.43 earnings per share. The company’s revenue was up 13.8% on a year-over-year basis. As a group, analysts predict that Pra Group Inc will post 1.71 earnings per share for the current year.

PRAA has been the subject of several research reports. ValuEngine downgraded Pra Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 1st. BidaskClub downgraded Pra Group from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Buckingham Research raised their price target on Pra Group from $30.00 to $32.00 and gave the company a “neutral” rating in a report on Friday, August 9th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Pra Group has an average rating of “Hold” and a consensus target price of $32.00.

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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