Pra Group Inc (NASDAQ:PRAA) insider Steven D. Fredrickson sold 13,621 shares of Pra Group stock in a transaction that occurred on Wednesday, June 6th. The stock was sold at an average price of $40.02, for a total transaction of $545,112.42. Following the transaction, the insider now directly owns 319,346 shares in the company, valued at approximately $12,780,226.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Steven D. Fredrickson also recently made the following trade(s):

  • On Friday, June 1st, Steven D. Fredrickson sold 957 shares of Pra Group stock. The shares were sold at an average price of $40.00, for a total transaction of $38,280.00.
  • On Monday, June 4th, Steven D. Fredrickson sold 2,779 shares of Pra Group stock. The shares were sold at an average price of $40.00, for a total transaction of $111,160.00.

Shares of Pra Group traded up $0.30, hitting $41.05, during midday trading on Thursday, MarketBeat.com reports. 230,500 shares of the stock traded hands, compared to its average volume of 338,061. The company has a market cap of $1.85 billion, a price-to-earnings ratio of 30.90 and a beta of 1.42. Pra Group Inc has a one year low of $25.72 and a one year high of $41.20.

Pra Group (NASDAQ:PRAA) last announced its quarterly earnings results on Wednesday, May 9th. The business services provider reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.11. Pra Group had a net margin of 16.29% and a return on equity of 5.88%. The company had revenue of $223.18 million for the quarter, compared to analysts’ expectations of $205.00 million. During the same quarter in the previous year, the company earned $1.03 earnings per share. Pra Group’s quarterly revenue was up 8.0% on a year-over-year basis. equities research analysts expect that Pra Group Inc will post 2.01 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the business. Sterling Capital Management LLC grew its holdings in Pra Group by 9.7% in the fourth quarter. Sterling Capital Management LLC now owns 62,229 shares of the business services provider’s stock worth $2,066,000 after purchasing an additional 5,504 shares during the period. Teacher Retirement System of Texas purchased a new stake in Pra Group in the fourth quarter worth about $516,000. Eagle Asset Management Inc. grew its holdings in Pra Group by 1.2% in the fourth quarter. Eagle Asset Management Inc. now owns 139,641 shares of the business services provider’s stock worth $4,684,000 after purchasing an additional 1,638 shares during the period. Millennium Management LLC grew its holdings in shares of Pra Group by 168.1% during the fourth quarter. Millennium Management LLC now owns 308,370 shares of the business services provider’s stock valued at $10,238,000 after buying an additional 193,368 shares during the last quarter. Finally, Arizona State Retirement System grew its holdings in shares of Pra Group by 223.6% during the fourth quarter. Arizona State Retirement System now owns 75,913 shares of the business services provider’s stock valued at $2,520,000 after buying an additional 52,454 shares during the last quarter.

PRAA has been the subject of a number of recent analyst reports. BidaskClub lowered shares of Pra Group from a “hold” rating to a “sell” rating in a research report on Tuesday, May 1st. Raymond James upgraded shares of Pra Group from an “underperform” rating to a “market perform” rating in a research report on Wednesday, February 28th. ValuEngine upgraded shares of Pra Group from a “hold” rating to a “buy” rating in a research report on Tuesday, May 22nd. Zacks Investment Research lowered shares of Pra Group from a “buy” rating to a “hold” rating in a research report on Monday, March 12th. Finally, Oppenheimer reissued a “hold” rating on shares of Pra Group in a research note on Thursday, March 1st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company. Pra Group presently has a consensus rating of “Hold” and a consensus price target of $40.00.

About Pra Group

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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