Capital Impact Advisors buys $1,723,586 stake in Pra Group Inc (PRAA)

Pra Group Inc (PRAA) : Capital Impact Advisors scooped up 27,400 additional shares in Pra Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 13, 2016. The investment management firm now holds a total of 54,717 shares of Pra Group Inc which is valued at $1,723,586.Pra Group Inc makes up approximately 0.81% of Capital Impact Advisors’s portfolio.

Pra Group Inc opened for trading at $31.49 and hit $32.27 on the upside on Monday, eventually ending the session at $31.59, with a gain of 0.29% or 0.09 points. The heightened volatility saw the trading volume jump to 3,26,506 shares. Company has a market cap of $1,460 M.

Other Hedge Funds, Including , Bath Savings Trust Co reduced its stake in PRAA by selling 26,975 shares or 49.02% in the most recent quarter. The Hedge Fund company now holds 28,057 shares of PRAA which is valued at $883,796. Pra Group Inc makes up approx 0.28% of Bath Savings Trust Co’s portfolio.Capstone Asset Management Co reduced its stake in PRAA by selling 1,000 shares or 6.73% in the most recent quarter. The Hedge Fund company now holds 13,868 shares of PRAA which is valued at $436,842. Pra Group Inc makes up approx 0.01% of Capstone Asset Management Co’s portfolio.Eqis Capital Management boosted its stake in PRAA in the latest quarter, The investment management firm added 2,946 additional shares and now holds a total of 18,842 shares of Pra Group Inc which is valued at $549,810. Pra Group Inc makes up approx 0.04% of Eqis Capital Management’s portfolio. Kessler Investment Group added PRAA to its portfolio by purchasing 19,228 company shares during the most recent quarter which is valued at $561,073. Pra Group Inc makes up approx 0.85% of Kessler Investment Group’s portfolio.

On the company’s financial health, Pra Group Inc reported $1.03 EPS for the quarter, based on the information available during the earnings call on Feb 25, 2016. Analyst had a consensus estimate of $1.03. The company had revenue of $236.70 million for the quarter, compared to analysts expectations of $236.37 million. The company’s revenue was down -5.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.93 EPS.

Many Wall Street Analysts have commented on Pra Group Inc. Pra Group Inc was Downgraded by JMP Securities to ” Mkt Perform” on Feb 26, 2016.

PRA Group Inc. (PRA Group) formerly Portfolio Recovery Associates Inc. and its subsidiaries is a financial and business service company. The Company’s primary business is the purchase collection and management of portfolios of defaulted consumer receivables. These are the unpaid obligations of individuals to credit originators which include banks credit unions consumer and auto finance companies and retail merchants. The Company also provides feebased services including vehicle location skip tracing and collateral recovery services for auto lenders Governments and law enforcement through PRA Location Services LLC (PLS) revenue administration audit and debt discovery or recovery services for local Government entities through PRA Government Services LLC and MuniServices LLC (PGS) and class action claims recovery services and related payment processing through Claims Compensation Bureau LLC (CCB).

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