Steven C. Roberts Sells 2,597 Shares of PRA Group, Inc. (NASDAQ:PRAA) Stock

PRA Group, Inc. (NASDAQ:PRAA) EVP Steven C. Roberts sold 2,597 shares of the firm’s stock in a transaction that occurred on Tuesday, September 14th. The shares were sold at an average price of $42.00, for a total value of $109,074.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

PRAA stock opened at $40.76 on Friday. PRA Group, Inc. has a twelve month low of $32.78 and a twelve month high of $45.52. The stock’s 50 day moving average is $39.84 and its 200-day moving average is $38.69. The firm has a market capitalization of $1.87 billion, a PE ratio of 10.04 and a beta of 1.41.

PRA Group (NASDAQ:PRAA) last issued its quarterly earnings results on Thursday, August 5th. The business services provider reported $1.22 EPS for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.46. The company had revenue of $285.63 million during the quarter, compared to the consensus estimate of $258.24 million. PRA Group had a return on equity of 13.52% and a net margin of 16.72%. On average, research analysts expect that PRA Group, Inc. will post 4.01 EPS for the current year.

Several institutional investors and hedge funds have recently modified their holdings of PRAA. Marshall Wace North America L.P. increased 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 valued at $44,000 after acquiring an additional 410 shares during the last quarter. Captrust Financial Advisors increased its position in shares of PRA Group by 260.5% during the first quarter. Captrust Financial Advisors now owns 1,489 shares of the business services provider’s stock valued at $55,000 after acquiring an additional 1,076 shares during the last quarter. Sageworth Trust Co purchased a new stake in shares of PRA Group during the first quarter valued at approximately $59,000. Advisor Group Holdings Inc. increased its position in shares of PRA Group by 21.3% during the second quarter. Advisor Group Holdings Inc. now owns 2,473 shares of the business services provider’s stock valued at $95,000 after acquiring an additional 434 shares during the last quarter. Finally, William Blair Investment Management LLC purchased a new stake in shares of PRA Group during the second quarter valued at approximately $101,000.

About PRA Group

PRA Group, Inc engages in the purchase, collection and management of portfolios of nonperforming loans. The firm purchase portfolios of nonperforming loans at a discount in two broad categories: Core and Insolvency. It also provides fee-based services on class action claims recoveries and by servicing consumer bankruptcy accounts in the United States.

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