PRA Group, Inc. (NASDAQ:PRAA) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its stake in shares of PRA Group, Inc. (NASDAQ:PRAA) by 6.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,934,124 shares of the business services provider’s stock after buying an additional 121,109 shares during the quarter. Dimensional Fund Advisors LP’s holdings in PRA Group were worth $40,404,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in PRAA. Barclays PLC raised its position in PRA Group by 55.0% in the third quarter. Barclays PLC now owns 117,053 shares of the business services provider’s stock valued at $2,618,000 after purchasing an additional 41,525 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of PRA Group by 40.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 74,937 shares of the business services provider’s stock valued at $1,676,000 after buying an additional 21,476 shares during the period. Janney Montgomery Scott LLC acquired a new position in PRA Group during the 4th quarter worth about $753,000. New York State Teachers Retirement System boosted its holdings in PRA Group by 2.7% during the 4th quarter. New York State Teachers Retirement System now owns 64,091 shares of the business services provider’s stock valued at $1,339,000 after acquiring an additional 1,705 shares during the period. Finally, Principal Financial Group Inc. grew its position in PRA Group by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 191,168 shares of the business services provider’s stock valued at $3,994,000 after acquiring an additional 5,434 shares in the last quarter. 97.22% of the stock is owned by hedge funds and other institutional investors.

PRA Group Stock Performance

Shares of PRAA opened at $19.30 on Friday. The company’s 50-day simple moving average is $19.04 and its 200-day simple moving average is $20.68. PRA Group, Inc. has a 1 year low of $15.94 and a 1 year high of $28.64. The stock has a market capitalization of $762.54 million, a PE ratio of 10.78 and a beta of 1.52.

PRA Group (NASDAQ:PRAA) last issued its quarterly earnings results on Wednesday, February 19th. The business services provider reported $0.47 EPS for the quarter, beating the consensus estimate of $0.45 by $0.02. PRA Group had a net margin of 6.33% and a return on equity of 5.16%. The company had revenue of $293.23 million during the quarter, compared to analysts’ expectations of $275.81 million. On average, sell-side analysts predict that PRA Group, Inc. will post 2.1 earnings per share for the current year.

PRA Group Company Profile

PRA Group, Inc, a financial and business services company, engages in the purchase, collection, and management of portfolios of nonperforming loans worldwide. It is involved in the purchase of accounts that are primarily the unpaid obligations of individuals owed to credit originators, which include banks and other types of consumer, retail, and auto finance companies.