Brandywine Global Investment Management LLC Takes Position in PRA Group, Inc. (NASDAQ:PRAA)

Brandywine Global Investment Management LLC bought a new position in shares of PRA Group, Inc. (NASDAQ:PRAA) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 80,246 shares of the business services provider’s stock, valued at approximately $1,676,000. Brandywine Global Investment Management LLC owned 0.20% of PRA Group as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Quarry LP lifted its position in PRA Group by 282.6% during the third quarter. Quarry LP now owns 1,316 shares of the business services provider’s stock worth $29,000 after acquiring an additional 972 shares during the last quarter. FMR LLC boosted its stake in PRA Group by 55.0% in the 3rd quarter. FMR LLC now owns 1,707 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 606 shares during the period. Point72 DIFC Ltd grew its holdings in PRA Group by 388.6% in the 3rd quarter. Point72 DIFC Ltd now owns 2,150 shares of the business services provider’s stock valued at $48,000 after buying an additional 1,710 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in PRA Group during the 4th quarter worth $134,000. Finally, AlphaQuest LLC lifted its holdings in shares of PRA Group by 24.5% during the fourth quarter. AlphaQuest LLC now owns 7,690 shares of the business services provider’s stock worth $161,000 after buying an additional 1,513 shares in the last quarter. Institutional investors and hedge funds own 97.22% of the company’s stock.

PRA Group Stock Performance

PRAA stock opened at $21.96 on Thursday. PRA Group, Inc. has a 52 week low of $18.09 and a 52 week high of $28.64. The company has a market capitalization of $867.64 million, a PE ratio of 12.27 and a beta of 1.64. The company’s 50-day simple moving average is $21.44 and its 200 day simple moving average is $21.36.

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