Inspire Investing LLC Makes New $461,000 Investment in PRA Group, Inc. $PRAA

Inspire Investing LLC acquired a new stake in shares of PRA Group, Inc. (NASDAQ:PRAA) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 29,863 shares of the business services provider’s stock, valued at approximately $461,000.

Several other large investors have also recently modified their holdings of PRAA. Sanders Morris Harris LLC bought a new stake in shares of PRA Group in the 3rd quarter valued at about $207,000. GAMMA Investing LLC increased its stake in PRA Group by 301.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,684 shares of the business services provider’s stock worth $26,000 after purchasing an additional 1,264 shares during the period. Squarepoint Ops LLC lifted its position in PRA Group by 437.3% in the second quarter. Squarepoint Ops LLC now owns 93,999 shares of the business services provider’s stock valued at $1,386,000 after purchasing an additional 76,505 shares during the last quarter. Nomura Holdings Inc. bought a new stake in PRA Group in the second quarter valued at approximately $397,000. Finally, Public Sector Pension Investment Board boosted its stake in shares of PRA Group by 8.1% during the second quarter. Public Sector Pension Investment Board now owns 135,212 shares of the business services provider’s stock valued at $1,994,000 after purchasing an additional 10,129 shares during the period. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Insider Transactions at PRA Group

In related news, Director Geir Olsen purchased 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 6th. The stock was bought at an average cost of $14.15 per share, with a total value of $212,250.00. Following the completion of the purchase, the director directly owned 58,933 shares in the company, valued at approximately $833,901.95. This represents a 34.14% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of PRA Group in a research note on Monday, December 22nd. Zacks Research upgraded shares of PRA Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 6th. Finally, Truist Financial dropped their target price on shares of PRA Group from $33.00 to $26.00 and set a “buy” rating for the company in a report on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $25.00.

PRA Group Stock Up 0.6%

NASDAQ:PRAA opened at $17.62 on Friday. The firm’s fifty day simple moving average is $15.88 and its 200 day simple moving average is $15.76. The stock has a market cap of $687.36 million, a P/E ratio of -2.00 and a beta of 1.32. PRA Group, Inc. has a twelve month low of $12.29 and a twelve month high of $23.97.

PRA Group (NASDAQ:PRAA) last posted its earnings results on Monday, November 3rd. The business services provider reported $0.53 EPS for the quarter, topping the consensus estimate of $0.50 by $0.03. The firm had revenue of $247.08 million during the quarter, compared to analysts’ expectations of $295.77 million. PRA Group had a negative net margin of 29.55% and a positive return on equity of 7.03%. On average, analysts expect that PRA Group, Inc. will post 2.1 EPS for the current fiscal year.

About PRA Group

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.