Signature Financial Management buys $7,157,116 stake in Pra Group Inc (PRAA)

Pra Group Inc (PRAA) : Signature Financial Management scooped up 255,178 additional shares in Pra Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 10, 2016. The investment management firm now holds a total of 274,219 shares of Pra Group Inc which is valued at $7,157,116.Pra Group Inc makes up approximately 3.49% of Signature Financial Management’s portfolio.

Other Hedge Funds, Including , Manufacturers Life Insurance Company The reduced its stake in PRAA by selling 89,568 shares or 18.95% in the most recent quarter. The Hedge Fund company now holds 383,174 shares of PRAA which is valued at $10,000,841. Pra Group Inc makes up approx 0.02% of Manufacturers Life Insurance Company The’s portfolio.Ftb Advisors reduced its stake in PRAA by selling 155 shares or 25.0% in the most recent quarter. The Hedge Fund company now holds 465 shares of PRAA which is valued at $12,137.Account Management reduced its stake in PRAA by selling 1,250 shares or 1.83% in the most recent quarter. The Hedge Fund company now holds 67,195 shares of PRAA which is valued at $2,122,690. Pra Group Inc makes up approx 2.34% of Account Management’s portfolio.Nationwide Fund Advisors boosted its stake in PRAA in the latest quarter, The investment management firm added 15,080 additional shares and now holds a total of 158,139 shares of Pra Group Inc which is valued at $4,995,611. Pra Group Inc makes up approx 0.02% of Nationwide Fund Advisors’s portfolio. Stephens Investment Management Group sold out all of its stake in PRAA during the most recent quarter. The investment firm sold 380,288 shares of PRAA which is valued $12,013,298.

Pra Group Inc opened for trading at $26.09 and hit $27.33 on the upside on Monday, eventually ending the session at $26.66, with a gain of 2.15% or 0.56 points. The heightened volatility saw the trading volume jump to 7,15,099 shares. Company has a market cap of $1,235 M.

On the company’s financial health, Pra Group Inc reported $0.85 EPS for the quarter, missing the analyst consensus estimate by $ -0.08 based on the information available during the earnings call on May 9, 2016. Analyst had a consensus of $0.93. The company had revenue of $224.88 million for the quarter, compared to analysts expectations of $236.03 million. The company’s revenue was down -8.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.19 EPS.

Many Wall Street Analysts have commented on Pra Group Inc. Pra Group Inc was Downgraded by Raymond James to ” Outperform” on May 10, 2016. 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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