Taylor Frigon Capital Management buys $2,291,411 stake in Pra Group Inc (PRAA)

Pra Group Inc (PRAA) : Taylor Frigon Capital Management scooped up 32,415 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 25, 2016. The investment management firm now holds a total of 69,060 shares of Pra Group Inc which is valued at $2,291,411.Pra Group Inc makes up approximately 2.43% of Taylor Frigon Capital Management’s portfolio.

Pra Group Inc closed down -1.06 points or -3.19% at $32.12 with 3,76,804 shares getting traded on Monday. Post opening the session at $33.28, the shares hit an intraday low of $32.04 and an intraday high of $33.44 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Other Hedge Funds, Including , Burt Wealth Advisors added PRAA to its portfolio by purchasing 15 company shares during the most recent quarter which is valued at $498.Wendell David Associates Inc reduced its stake in PRAA by selling 5,630 shares or 16.1% in the most recent quarter. The Hedge Fund company now holds 29,340 shares of PRAA which is valued at $947,975. Pra Group Inc makes up approx 0.18% of Wendell David Associates Inc’s portfolio.Gemmer Asset Management reduced its stake in PRAA by selling 115 shares or 38.21% in the most recent quarter. The Hedge Fund company now holds 186 shares of PRAA which is valued at $5,859.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. Integrated Investment Consultants added PRAA to its portfolio by purchasing 2,110 company shares during the most recent quarter which is valued at $66,465. Pra Group Inc makes up approx 0.04% of Integrated Investment Consultants’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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