Wolverine Asset Management LLC Grows Stock Holdings in PRA Group, Inc. (NASDAQ:PRAA)

Wolverine Asset Management LLC increased its stake in shares of PRA Group, Inc. (NASDAQ:PRAA) by 84.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 34,584 shares of the business services provider’s stock after purchasing an additional 15,830 shares during the period. Wolverine Asset Management LLC owned approximately 0.09% of PRA Group worth $722,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Principal Financial Group Inc. raised its holdings in shares of PRA Group by 2.9% during the fourth quarter. Principal Financial Group Inc. now owns 191,168 shares of the business services provider’s stock valued at $3,994,000 after purchasing an additional 5,434 shares during the last quarter. New York State Teachers Retirement System raised its holdings in shares of PRA Group by 2.7% during the fourth quarter. New York State Teachers Retirement System now owns 64,091 shares of the business services provider’s stock valued at $1,339,000 after purchasing an additional 1,705 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of PRA Group during the fourth quarter valued at approximately $753,000. JPMorgan Chase & Co. raised its holdings in shares of PRA Group by 40.2% during the third quarter. JPMorgan Chase & Co. now owns 74,937 shares of the business services provider’s stock valued at $1,676,000 after purchasing an additional 21,476 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of PRA Group by 2.1% during the third quarter. Geode Capital Management LLC now owns 929,184 shares of the business services provider’s stock valued at $20,781,000 after purchasing an additional 19,134 shares during the last quarter. 97.22% of the stock is owned by hedge funds and other institutional investors.

PRA Group Trading Down 0.4 %

Shares of PRAA stock opened at $22.57 on Friday. PRA Group, Inc. has a 12 month low of $18.64 and a 12 month high of $28.64. The stock has a market cap of $889.87 million, a P/E ratio of 12.61 and a beta of 1.49. The company has a 50 day simple moving average of $21.67 and a two-hundred day simple moving average of $21.71.

PRA Group (NASDAQ:PRAA) last announced its earnings results on Wednesday, February 19th. The business services provider reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.02. The business had revenue of $293.23 million during the quarter, compared to analysts’ expectations of $275.81 million. PRA Group had a net margin of 6.33% and a return on equity of 5.16%. As a group, equities analysts forecast that PRA Group, Inc. will post 2.1 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Truist Financial upped their target price on shares of PRA Group from $28.00 to $31.00 and gave the company a “buy” rating in a report on Tuesday, November 5th.

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.