Pinebridge Investments L.P. grew its position in Pra Group Inc (NASDAQ:PRAA) by 34.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 73,278 shares of the business services provider’s stock after acquiring an additional 18,726 shares during the quarter. Pinebridge Investments L.P.’s holdings in Pra Group were worth $2,433,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PRAA. Turtle Creek Asset Management Inc. lifted its position in shares of Pra Group by 35.7% in the third quarter. Turtle Creek Asset Management Inc. now owns 5,955,965 shares of the business services provider’s stock valued at $170,638,000 after acquiring an additional 1,566,430 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of Pra Group in the third quarter valued at approximately $18,167,000. Investment Counselors of Maryland LLC lifted its position in shares of Pra Group by 376.4% in the third quarter. Investment Counselors of Maryland LLC now owns 617,790 shares of the business services provider’s stock valued at $17,700,000 after acquiring an additional 488,114 shares in the last quarter. Frontier Capital Management Co. LLC purchased a new position in shares of Pra Group in the fourth quarter valued at approximately $9,500,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of Pra Group by 8.8% in the third quarter. Dimensional Fund Advisors LP now owns 1,897,547 shares of the business services provider’s stock valued at $54,366,000 after acquiring an additional 152,883 shares in the last quarter.
In related news, Director Penelope W. Kyle sold 1,975 shares of Pra Group stock in a transaction that occurred on Friday, December 29th. The stock was sold at an average price of $33.45, for a total transaction of $66,063.75. Following the transaction, the director now owns 36,425 shares in the company, valued at $1,218,416.25. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 2.10% of the company’s stock.
Pra Group Inc (NASDAQ:PRAA) opened at $36.60 on Tuesday. Pra Group Inc has a 1 year low of $25.72 and a 1 year high of $42.70. The company has a market capitalization of $1,653.19, a P/E ratio of 57.19 and a beta of 1.65.
About Pra Group
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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