Global Alpha Capital Management Ltd. Has $34.72 Million Position in PRA Group, Inc. $PRAA

Global Alpha Capital Management Ltd. reduced its holdings in shares of PRA Group, Inc. (NASDAQ:PRAA) by 6.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,962,684 shares of the business services provider’s stock after selling 138,216 shares during the period. PRA Group accounts for approximately 2.1% of Global Alpha Capital Management Ltd.’s investment portfolio, making the stock its 22nd biggest holding. Global Alpha Capital Management Ltd. owned approximately 5.03% of PRA Group worth $34,720,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. EverSource Wealth Advisors LLC grew its stake in shares of PRA Group by 145.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,481 shares of the business services provider’s stock valued at $44,000 after buying an additional 1,471 shares during the period. Larson Financial Group LLC lifted its position in shares of PRA Group by 146.8% during the 4th quarter. Larson Financial Group LLC now owns 2,848 shares of the business services provider’s stock worth $50,000 after buying an additional 1,694 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of PRA Group by 375.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,784 shares of the business services provider’s stock worth $71,000 after buying an additional 3,777 shares in the last quarter. Globeflex Capital L P bought a new stake in shares of PRA Group in the 2nd quarter worth approximately $102,000. Finally, iSAM Funds UK Ltd bought a new stake in shares of PRA Group in the 3rd quarter worth approximately $107,000. 97.22% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PRAA has been the topic of a number of analyst reports. Wall Street Zen cut shares of PRA Group from a “strong-buy” rating to a “buy” rating in a report on Sunday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of PRA Group in a report on Friday, March 27th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $25.00.

PRA Group Stock Up 6.4%

NASDAQ PRAA opened at $16.01 on Friday. The company has a 50-day simple moving average of $17.90 and a two-hundred day simple moving average of $16.47. PRA Group, Inc. has a 12-month low of $10.25 and a 12-month high of $22.55. The firm has a market cap of $610.62 million, a price-to-earnings ratio of -2.24 and a beta of 1.14.

PRA Group (NASDAQ:PRAA) last issued its quarterly earnings data on Thursday, May 7th. The business services provider reported $0.73 EPS for the quarter, beating the consensus estimate of $0.51 by $0.22. PRA Group had a negative net margin of 22.51% and a positive return on equity of 13.19%. The firm had revenue of $314.53 million during the quarter, compared to the consensus estimate of $295.90 million. Equities analysts expect that PRA Group, Inc. will post 2.52 earnings per share for the current fiscal year.

PRA Group Profile

PRA Group, Inc is a global specialty finance company focused on the acquisition and management of nonperforming loans. Founded in 1996 as Portfolio Recovery Associates, the company purchases defaulted consumer and commercial receivables at discounted rates from financial institutions, utilities and other creditors. By combining rigorous analytics with a consumer-centric ethos, PRA Group seeks to maximize recoveries while maintaining respectful and compliant interactions with debtors.

The company’s core activities include first-party and third-party collections across a range of asset classes such as credit cards, auto loans and utility receivables.