Chartwell Investment Partners LLC Has $19.60 Million Stake in Pra Group Inc (PRAA)

Chartwell Investment Partners LLC decreased its position in Pra Group Inc (NASDAQ:PRAA) by 2.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 544,455 shares of the business services provider’s stock after selling 14,608 shares during the period. Pra Group accounts for approximately 0.6% of Chartwell Investment Partners LLC’s investment portfolio, making the stock its 28th largest position. Chartwell Investment Partners LLC’s holdings in Pra Group were worth $19,600,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. American Research & Management Co. purchased a new stake in shares of Pra Group in the 2nd quarter valued at approximately $110,000. GAM Holding AG purchased a new position in shares of Pra Group during the 2nd quarter worth approximately $214,000. Chicago Capital LLC purchased a new position in shares of Pra Group during the 2nd quarter worth approximately $261,000. CHICAGO TRUST Co NA purchased a new position in shares of Pra Group during the 3rd quarter worth approximately $265,000. Finally, Xact Kapitalforvaltning AB boosted its position in shares of Pra Group by 29.0% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 8,895 shares of the business services provider’s stock worth $343,000 after purchasing an additional 2,000 shares during the period.

PRAA has been the subject of a number of research analyst reports. BidaskClub raised shares of Pra Group from a “hold” rating to a “buy” rating in a research report on Thursday, September 20th. ValuEngine raised shares of Pra Group from a “hold” rating to a “buy” rating in a research report on Friday, August 10th. Oppenheimer reaffirmed a “hold” rating on shares of Pra Group in a research report on Friday, November 9th. Zacks Investment Research raised shares of Pra Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 9th. Finally, Keefe, Bruyette & Woods set a $35.00 price objective on shares of Pra Group and gave the stock a “hold” rating in a research report on Thursday, August 9th. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Pra Group has an average rating of “Hold” and a consensus target price of $35.00.

In other Pra Group news, SVP Christopher D. Lagow sold 1,405 shares of the stock in a transaction that occurred on Friday, August 31st. The shares were sold at an average price of $36.05, for a total transaction of $50,650.25. Following the sale, the senior vice president now directly owns 19,747 shares in the company, valued at approximately $711,879.35. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Geir Olsen sold 119,604 shares of the stock in a transaction that occurred on Monday, August 20th. The stock was sold at an average price of $37.41, for a total transaction of $4,474,385.64. The disclosure for this sale can be found here. Insiders have sold a total of 124,038 shares of company stock valued at $4,637,285 in the last ninety days. 2.34% of the stock is currently owned by corporate insiders.

NASDAQ:PRAA opened at $30.61 on Thursday. The company has a market cap of $1.37 billion, a P/E ratio of 23.02 and a beta of 1.60. Pra Group Inc has a fifty-two week low of $26.95 and a fifty-two week high of $43.75.

Pra Group (NASDAQ:PRAA) last posted its quarterly earnings data on Thursday, November 8th. The business services provider reported $0.22 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.13). The company had revenue of $225.90 million for the quarter, compared to analysts’ expectations of $223.81 million. Pra Group had a return on equity of 5.80% and a net margin of 15.69%. The business’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.34 EPS. As a group, analysts expect that Pra Group Inc will post 1.45 earnings per share for the current fiscal year.

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Pra Group Company Profile

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

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