Exchange Traded Concepts LLC acquired a new position in PRA Group, Inc. (NASDAQ:PRAA – Get Rating) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 29,302 shares of the business services provider's stock, valued at approximately $1,321,000. Exchange Traded Concepts LLC owned approximately 0.07% of PRA Group as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Riverbridge Partners LLC raised its position in shares of PRA Group by 9.8% during the first quarter. Riverbridge Partners LLC now owns 1,001,118 shares of the business services provider's stock worth $45,130,000 after purchasing an additional 89,434 shares during the period. SG Capital Management LLC acquired a new stake in shares of PRA Group during the fourth quarter worth $2,078,000. Yousif Capital Management LLC acquired a new stake in shares of PRA Group during the fourth quarter worth $2,013,000. Global Alpha Capital Management Ltd. raised its position in shares of PRA Group by 3.4% during the fourth quarter. Global Alpha Capital Management Ltd. now owns 913,802 shares of the business services provider's stock worth $45,882,000 after purchasing an additional 30,140 shares during the period. Finally, TD Asset Management Inc. raised its position in shares of PRA Group by 72.2% during the fourth quarter. TD Asset Management Inc. now owns 64,402 shares of the business services provider's stock worth $3,234,000 after purchasing an additional 27,001 shares during the period. 98.89% of the stock is currently owned by institutional investors.

Shares of PRAA stock opened at $37.67 on Monday. PRA Group, Inc. has a 1-year low of $34.22 and a 1-year high of $51.00. The company has a market capitalization of $1.50 billion, a price-to-earnings ratio of 10.07 and a beta of 1.23. The stock's fifty day simple moving average is $37.50 and its 200-day simple moving average is $43.01.

In other PRA Group news, CEO Kevin P. Stevenson sold 10,000 shares of the business's stock in a transaction dated Monday, April 18th. The stock was sold at an average price of $44.83, for a total value of $448,300.00. Following the transaction, the chief executive officer now owns 390,949 shares in the company, valued at $17,526,243.67. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Kevin P. Stevenson sold 5,000 shares of the business's stock in a transaction dated Monday, April 25th. The shares were sold at an average price of $42.99, for a total value of $214,950.00. Following the completion of the transaction, the chief executive officer now owns 355,949 shares in the company, valued at approximately $15,302,247.51. The disclosure for this sale can be found here. Insiders have sold 30,000 shares of company stock worth $1,329,950 in the last quarter. 2.00% of the stock is currently owned by corporate insiders.

A number of equities research analysts have recently issued reports on the company. StockNews.com lowered PRA Group from a "buy" rating to a "hold" rating in a research report on Saturday, April 16th. TheStreet lowered PRA Group from a "b" rating to a "c+" rating in a research report on Friday, May 20th.

PRA Group Company Profile (Get Rating)

PRA Group, Inc, a financial and business services company, engages in the purchase, collection, and management of portfolios of nonperforming loans in the Americas, Australia, and Europe. 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.

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