Janney Montgomery Scott LLC Acquires Shares of 36,059 PRA Group, Inc. (NASDAQ:PRAA)

Janney Montgomery Scott LLC bought a new position in shares of PRA Group, Inc. (NASDAQ:PRAA) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 36,059 shares of the business services provider’s stock, valued at approximately $753,000.

Other institutional investors have also modified their holdings of the company. The Manufacturers Life Insurance Company increased its holdings in PRA Group by 5.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,929 shares of the business services provider’s stock worth $294,000 after purchasing an additional 712 shares during the last quarter. SG Americas Securities LLC grew its position in shares of PRA Group by 101.8% during the third quarter. SG Americas Securities LLC now owns 22,754 shares of the business services provider’s stock worth $509,000 after buying an additional 11,481 shares in the last quarter. nVerses Capital LLC increased its stake in shares of PRA Group by 168.8% in the third quarter. nVerses Capital LLC now owns 4,300 shares of the business services provider’s stock worth $96,000 after buying an additional 2,700 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in PRA Group by 14.7% in the third quarter. Assenagon Asset Management S.A. now owns 222,817 shares of the business services provider’s stock valued at $4,982,000 after acquiring an additional 28,582 shares in the last quarter. Finally, Pinnacle Associates Ltd. boosted its stake in PRA Group by 86.3% during the 3rd quarter. Pinnacle Associates Ltd. now owns 297,545 shares of the business services provider’s stock valued at $6,653,000 after acquiring an additional 137,799 shares during the last quarter. Institutional investors and hedge funds own 97.22% of the company’s stock.

Wall Street Analysts Forecast Growth

PRAA has been the subject of several research analyst reports. Truist Financial boosted their target price on shares of PRA Group from $28.00 to $31.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. StockNews.com raised PRA Group from a “hold” rating to a “buy” rating in a report on Wednesday, October 16th.

PRA Group Price Performance

PRAA stock opened at $23.15 on Friday. The firm has a market cap of $912.80 million, a price-to-earnings ratio of 21.05 and a beta of 1.49. PRA Group, Inc. has a 1-year low of $18.64 and a 1-year high of $31.43. The firm has a fifty day moving average price of $21.19 and a two-hundred day moving average price of $21.80.

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 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.