Wellington Management Group LLP Buys 3,940 Shares of PRA Group, Inc. (NASDAQ:PRAA)

Wellington Management Group LLP grew its stake in PRA Group, Inc. (NASDAQ:PRAA) by 0.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 3,891,237 shares of the business services provider’s stock after purchasing an additional 3,940 shares during the period. Wellington Management Group LLP owned about 0.10% of PRA Group worth $87,008,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of PRAA. SG Americas Securities LLC lifted its stake in shares of PRA Group by 184.2% in the 2nd quarter. SG Americas Securities LLC now owns 11,273 shares of the business services provider’s stock valued at $222,000 after purchasing an additional 7,306 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of PRA Group by 353.3% in the second quarter. Assenagon Asset Management S.A. now owns 194,235 shares of the business services provider’s stock worth $3,819,000 after buying an additional 151,389 shares during the period. Innealta Capital LLC purchased a new stake in shares of PRA Group in the second quarter worth approximately $57,000. nVerses Capital LLC raised its holdings in shares of PRA Group by 700.0% in the second quarter. nVerses Capital LLC now owns 1,600 shares of the business services provider’s stock worth $31,000 after buying an additional 1,400 shares during the period. Finally, Versor Investments LP purchased a new stake in shares of PRA Group in the second quarter worth approximately $490,000. 97.22% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on PRAA. StockNews.com upgraded PRA Group from a “hold” rating to a “buy” rating in a report on Wednesday, October 16th. Truist Financial increased their price target on PRA Group from $28.00 to $31.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th.

PRA Group Stock Down 1.0 %

PRAA opened at $21.15 on Wednesday. The stock’s fifty day moving average is $21.40 and its two-hundred day moving average is $21.61. The company has a market capitalization of $833.88 million, a P/E ratio of 19.23 and a beta of 1.49. PRA Group, Inc. has a 52 week low of $18.64 and a 52 week high of $31.43.

PRA Group (NASDAQ:PRAA) last released its quarterly earnings data on Monday, November 4th. The business services provider reported $0.69 EPS for the quarter, topping the consensus estimate of $0.32 by $0.37. The company had revenue of $281.48 million for the quarter, compared to the consensus estimate of $262.20 million. PRA Group had a return on equity of 2.90% and a net margin of 4.16%. PRA Group’s quarterly revenue was up 30.1% on a year-over-year basis. During the same period last year, the business posted ($0.31) EPS. Equities analysts anticipate that PRA Group, Inc. will post 1.57 earnings per share for the current year.

About PRA Group

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.