PRA Group (PRAA)

• Market cap: $822M
• 1 day: -1.61%
• 5 days: -0.33%
• 1 month: -0.38%
• 3 months: -5.70%
• 6 months: -0.86%
• Year to date: -18.88%
• 1 year: -16.64%
• 5 years: -44.10%
• 10 years: -64.33%
• Sector: Financials
• Industry: Short-term Business Credit Institutions

About: PRA Group Inc is a leader in acquiring and collecting nonperforming loans. The company returns capital to banks and other creditors to help expand financial services for consumers in the Americas, Europe, and Australia. It is also engaged in providing fee-based services on class action claims recoveries in the United States. The company's portfolio segments include; Core, which is engaged in purchasing and collecting nonperforming loans, which the originators have not chosen not to pursue, and the Insolvency segment which is engaged in purchasing and collecting nonperforming loans where the customer is involved in a bankruptcy proceeding.

Employees: 3,155

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

131% more call options, than puts

Call options by funds: $3.47M | Put options by funds: $1.5M

64% more first-time investments, than exits

New positions opened: 23 | Existing positions closed: 14

13% more capital invested

Capital invested by funds: $745M [Q2] → $839M (+$93.7M) [Q3]

5% more funds holding

Funds holding: 164 [Q2] → 173 (+9) [Q3]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]

1.25% less ownership

Funds ownership: 96.27% [Q2] → 95.02% (-1.25%) [Q3]

19% less repeat investments, than reductions

Existing positions increased: 51 | Existing positions reduced: 63

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $31 49% upside
• Avg. target: $31 49% upside
• High target: $31 49% upside

1 analyst rating

• positive: 1 100%
• neutral: 0 0%
• negative: 0 0%

Truist Securities Mark Hughes 70% 1-year accuracy 45 / 64 met price target

49% upside $31

Buy Maintained

5 Nov 2024