Pra Group Inc (PRAA) SVP Christopher D. Lagow Sells 1,474 Shares

Pra Group Inc (NASDAQ:PRAA) SVP Christopher D. Lagow sold 1,474 shares of Pra Group stock in a transaction dated Thursday, September 13th. The stock was sold at an average price of $37.70, for a total value of $55,569.80. Following the completion of the transaction, the senior vice president now directly owns 18,273 shares of the company’s stock, valued at $688,892.10. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Shares of PRAA stock traded up $0.10 during mid-day trading on Friday, hitting $38.15. The company’s stock had a trading volume of 429,073 shares, compared to its average volume of 201,314. The firm has a market cap of $1.71 billion, a PE ratio of 28.68 and a beta of 1.57. Pra Group Inc has a 52 week low of $25.72 and a 52 week high of $43.75.

Pra Group (NASDAQ:PRAA) last issued its earnings results on Tuesday, August 7th. The business services provider reported $0.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.01. The company had revenue of $221.52 million during the quarter, compared to the consensus estimate of $214.17 million. Pra Group had a return on equity of 6.41% and a net margin of 16.81%. equities analysts forecast that Pra Group Inc will post 1.61 earnings per share for the current year.

PRAA has been the subject of several research analyst reports. ValuEngine lowered Pra Group from a “buy” rating to a “hold” rating in a research report on Tuesday, July 31st. Keefe, Bruyette & Woods set a $35.00 price objective on Pra Group and gave the stock a “hold” rating in a research report on Thursday, August 9th. Oppenheimer reissued a “hold” rating on shares of Pra Group in a research report on Thursday, August 9th. Finally, BidaskClub raised Pra Group from a “hold” rating to a “buy” rating in a research report on Friday, July 6th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $35.00.

Several institutional investors and hedge funds have recently modified their holdings of PRAA. Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of Pra Group by 166.0% in the 1st quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,621,684 shares of the business services provider’s stock valued at $61,624,000 after buying an additional 1,012,000 shares during the period. Great West Life Assurance Co. Can grew its stake in shares of Pra Group by 380.6% in the 1st quarter. Great West Life Assurance Co. Can now owns 286,804 shares of the business services provider’s stock valued at $10,868,000 after buying an additional 227,126 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Pra Group by 7.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,546,159 shares of the business services provider’s stock valued at $98,155,000 after buying an additional 180,276 shares during the period. Stephens Investment Management Group LLC grew its stake in shares of Pra Group by 22.9% in the 2nd quarter. Stephens Investment Management Group LLC now owns 887,523 shares of the business services provider’s stock valued at $34,436,000 after buying an additional 165,269 shares during the period. Finally, WINTON GROUP Ltd acquired a new stake in shares of Pra Group in the 1st quarter valued at about $6,212,000.

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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