Stock Traders Buy Large Volume of PRA Group Call Options (PRAA)

PRA Group, Inc. (NASDAQ:PRAA) saw unusually large options trading activity on Friday. Stock investors acquired 5,520 call options on the stock. This represents an increase of 1,907% compared to the average volume of 275 call options.

In related news, Director Geir Olsen bought 142,000 shares of the stock in a transaction on Tuesday, May 23rd. The shares were bought at an average cost of $34.55 per share, for a total transaction of $4,906,100.00. Following the completion of the transaction, the director now owns 27,162 shares of the company’s stock, valued at approximately $938,447.10. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.10% of the company’s stock.

Several institutional investors have recently modified their holdings of PRAA. Russell Investments Group Ltd. acquired a new position in shares of PRA Group during the fourth quarter valued at $1,578,000. Schwab Charles Investment Management Inc. increased its stake in PRA Group by 6.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 264,171 shares of the business services provider’s stock valued at $8,758,000 after buying an additional 17,070 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in PRA Group by 7.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 25,270 shares of the business services provider’s stock valued at $988,000 after buying an additional 1,730 shares during the last quarter. Nexus Investment Management Inc. increased its stake in PRA Group by 0.4% in the first quarter. Nexus Investment Management Inc. now owns 428,250 shares of the business services provider’s stock valued at $14,197,000 after buying an additional 1,650 shares during the last quarter. Finally, Parametric Portfolio Associates LLC increased its stake in PRA Group by 17.4% in the first quarter. Parametric Portfolio Associates LLC now owns 98,625 shares of the business services provider’s stock valued at $3,269,000 after buying an additional 14,621 shares during the last quarter.

PRA Group (PRAA) traded down 1.14% during mid-day trading on Friday, hitting $30.35. 650,479 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $37.43 and a 200 day moving average of $36.11. The stock has a market capitalization of $1.37 billion, a P/E ratio of 18.51 and a beta of 1.49. PRA Group has a 52 week low of $23.15 and a 52 week high of $42.70.

PRA Group (NASDAQ:PRAA) last posted its earnings results on Tuesday, August 8th. The business services provider reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by $0.23. The business had revenue of $200.30 million for the quarter, compared to the consensus estimate of $208.97 million. PRA Group had a return on equity of 4.69% and a net margin of 9.76%. PRA Group’s revenue for the quarter was down 12.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.83 earnings per share. Equities analysts forecast that PRA Group will post $2.09 earnings per share for the current fiscal year.

PRAA has been the subject of several recent research reports. BidaskClub raised shares of PRA Group from a “hold” rating to a “buy” rating in a research report on Thursday, June 29th. Zacks Investment Research raised shares of PRA Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 2nd. Finally, Keefe, Bruyette & Woods began coverage on shares of PRA Group in a report on Wednesday, May 24th. They set an “outperform” rating and a $40.00 price target for the company. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $38.00.

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PRA Group Company Profile

PRA Group, Inc (PRA Group) is a financial and business services company with operations in the Americas and Europe. The Company’s primary business is the purchase, collection and management of portfolios of nonperforming loans. The Company operates through the account receivables management segment. It also provides fee-based services, such as vehicle location, skip tracing and collateral recovery for auto lenders, government entities and law enforcement; revenue administration, audit and revenue discovery/recovery services for local government entities; class action claims recovery services and purchases; servicing of consumer bankruptcy accounts in the United States, and contingent collections of nonperforming loans in Europe and South America.

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