Stephens Investment Management Group LLC Acquires 208,800 Shares of Pra Group Inc (NASDAQ:PRAA)

Stephens Investment Management Group LLC increased its holdings in shares of Pra Group Inc (NASDAQ:PRAA) by 13.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,746,166 shares of the business services provider’s stock after acquiring an additional 208,800 shares during the quarter. Stephens Investment Management Group LLC owned about 3.85% of Pra Group worth $49,137,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the stock. TD Asset Management Inc. increased its stake in shares of Pra Group by 9.0% in the 2nd quarter. TD Asset Management Inc. now owns 65,140 shares of the business services provider’s stock valued at $1,833,000 after acquiring an additional 5,400 shares in the last quarter. Arizona State Retirement System increased its stake in Pra Group by 0.7% during the 2nd quarter. Arizona State Retirement System now owns 70,400 shares of the business services provider’s stock valued at $1,981,000 after purchasing an additional 514 shares in the last quarter. CHICAGO TRUST Co NA increased its stake in Pra Group by 21.2% during the 2nd quarter. CHICAGO TRUST Co NA now owns 12,209 shares of the business services provider’s stock valued at $344,000 after purchasing an additional 2,132 shares in the last quarter. Taylor Frigon Capital Management LLC increased its stake in Pra Group by 17.0% during the 2nd quarter. Taylor Frigon Capital Management LLC now owns 47,754 shares of the business services provider’s stock valued at $1,343,000 after purchasing an additional 6,934 shares in the last quarter. Finally, Nexus Investment Management Inc. increased its stake in Pra Group by 3.0% during the 2nd quarter. Nexus Investment Management Inc. now owns 479,250 shares of the business services provider’s stock valued at $13,486,000 after purchasing an additional 13,750 shares in the last quarter.

PRAA stock traded up $0.57 during midday trading on Thursday, reaching $33.03. 5,555 shares of the company’s stock traded hands, compared to its average volume of 245,898. The firm has a market capitalization of $1.47 billion, a P/E ratio of 22.62 and a beta of 1.64. The firm has a fifty day simple moving average of $29.38. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.20 and a current ratio of 1.20. Pra Group Inc has a 52 week low of $22.62 and a 52 week high of $39.40.

Pra Group (NASDAQ:PRAA) last posted its quarterly earnings data on Thursday, August 8th. The business services provider reported $0.41 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.04. The firm had revenue of $252.06 million for the quarter, compared to the consensus estimate of $245.48 million. Pra Group had a net margin of 6.11% and a return on equity of 5.18%. The business’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.43 EPS. On average, equities research analysts anticipate that Pra Group Inc will post 1.69 earnings per share for the current year.

A number of analysts have commented on the stock. Buckingham Research boosted their price target on shares of Pra Group from $30.00 to $32.00 and gave the company a “neutral” rating in a research note on Friday, August 9th. BidaskClub upgraded shares of Pra Group from a “sell” rating to a “hold” rating in a research note on Friday, July 26th. Finally, ValuEngine upgraded shares of Pra Group from a “hold” rating to a “buy” rating in a research note on Saturday, August 10th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Pra Group currently has an average rating of “Hold” and an average price target of $32.00.

Pra Group Profile

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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