HAP Trading LLC Purchases New Stake in Pra Group Inc (PRAA)

HAP Trading LLC purchased a new position in shares of Pra Group Inc (NASDAQ:PRAA) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 34,536 shares of the business services provider’s stock, valued at approximately $1,147,000. HAP Trading LLC owned 0.08% of Pra Group as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Goldman Sachs Group Inc. lifted its position in Pra Group by 145.3% during the 2nd quarter. Goldman Sachs Group Inc. now owns 142,001 shares of the business services provider’s stock worth $5,382,000 after acquiring an additional 84,112 shares during the period. New York State Common Retirement Fund raised its stake in shares of Pra Group by 27.6% during the 2nd quarter. New York State Common Retirement Fund now owns 62,268 shares of the business services provider’s stock valued at $2,360,000 after buying an additional 13,467 shares during the last quarter. Peregrine Capital Management LLC raised its stake in shares of Pra Group by 2.1% during the 3rd quarter. Peregrine Capital Management LLC now owns 263,639 shares of the business services provider’s stock valued at $7,553,000 after buying an additional 5,344 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Pra Group by 11.4% during the 3rd quarter. Wells Fargo & Company MN now owns 134,579 shares of the business services provider’s stock valued at $3,855,000 after buying an additional 13,745 shares during the last quarter. Finally, Investment Counselors of Maryland LLC raised its stake in shares of Pra Group by 376.4% during the 3rd quarter. Investment Counselors of Maryland LLC now owns 617,790 shares of the business services provider’s stock valued at $17,700,000 after buying an additional 488,114 shares during the last quarter.

Pra Group Inc (PRAA) opened at $36.60 on Tuesday. The firm has a market capitalization of $1,653.19, a PE ratio of 29.52 and a beta of 1.65. Pra Group Inc has a 52 week low of $25.72 and a 52 week high of $42.70.

In other Pra Group news, Director Penelope W. Kyle sold 1,975 shares of Pra Group stock in a transaction dated Friday, December 29th. The stock was sold at an average price of $33.45, for a total transaction of $66,063.75. Following the completion of the transaction, the director now owns 36,425 shares in the company, valued at approximately $1,218,416.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.10% of the company’s stock.

A number of research firms have weighed in on PRAA. BidaskClub upgraded Pra Group from a “sell” rating to a “hold” rating in a research note on Wednesday, January 31st. Zacks Investment Research upgraded Pra Group from a “sell” rating to a “hold” rating in a research note on Wednesday, January 31st. UBS Group began coverage on Pra Group in a research note on Monday, January 8th. They set a “market perform” rating for the company. Oppenheimer began coverage on Pra Group in a research note on Monday, January 8th. They set a “hold” rating for the company. Finally, Janney Montgomery Scott upgraded Pra Group from a “sell” rating to a “neutral” rating in a research note on Thursday, November 9th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. Pra Group presently has a consensus rating of “Hold” and an average target price of $40.00.

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About Pra Group

PRA Group, Inc (PRA Group) is a financial and business services company with operations in the Americas and Europe. The Company’s primary business is the purchase, collection and management of portfolios of nonperforming loans. The Company operates through the account receivables management segment. It also provides fee-based services, such as vehicle location, skip tracing and collateral recovery for auto lenders, government entities and law enforcement; revenue administration, audit and revenue discovery/recovery services for local government entities; class action claims recovery services and purchases; servicing of consumer bankruptcy accounts in the United States, and contingent collections of nonperforming loans in Europe and South America.

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Institutional Ownership by Quarter for Pra Group (NASDAQ:PRAA)

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