Yousif Capital Management LLC, a renowned institutional investor known for its strategic investment moves, has recently reduced its holdings in PRA Group, Inc. by 21.6% during the fourth quarter of the fiscal year. According to their most recent disclosure with the Securities & Exchange Commission (SEC), Yousif Capital Management LLC sold 6,835 shares during the said quarter and now owns only 24,857 shares of the business services provider’s stock. This decrease resulted in owning about 0.06% worth $840,000 of PRA Group as per its most recent SEC filing.

However, despite this decline in its holdings’ percentage value among private institutions like Yousif Capital Management LLC – PRA Group (NASDAQ:PRAA) has seemingly continued to perform well in the market’s latest earnings results’ posting made last February 27th.

The business services provider posted an EPS of $0.41 for their quarterly reports, which is quite significant and exceeded analysts’ consensus score by $0.14 per share. With revenue amountsing to $222.85 million within that quarter alone- compared to analysts’ expected value of $219.13 million- PRA Group shows no signs of stopping anytime soon.

PRA Group is known for handling and managing portfolios of non-performing loans through purchasing them at discounted rates under two categories: Core and Insolvency respectively. As a company involved primarily with businesses providing services involving class action claims recoveries and consumer bankruptcy accounts servicing in America- garnering stable profits from such industries further motivates investors worldwide to continue supporting PRA Group.

In conclusion, while it may seem that some investors have decreased their stakes in this exemplary firm- financial advisors recommend any sophisticated investor looking forward to adding probable gains and guaranteed success within their portfolio may undoubtedly consider investing in PRA Group Inc., one of the strongest-performing business service providers shareholders can trust upon confidently due to the current state of the market.

Hedge Funds Show Increased Interest in PRA Group, Inc. as Chairman Sells Shares

PRA Group, Inc. is a business services provider that focuses on the purchase, collection, and management of non-performing loan portfolios. As of recent market activity, we have seen a number of hedge funds buy and sell shares of PRAA. Group One Trading L.P., for example, raised its stake in PRA Group by 106.7% during the first quarter and now owns 700 shares valued at $32,000 after purchasing an additional 11,133 shares in the last quarter. Quadrant Capital Group LLC also recently purchased a new stake in PRA Group during the third quarter valued at $34,000.

Other notable investors include Point72 Hong Kong Ltd, IFP Advisors Inc and Captrust Financial Advisors who increased their positions by 38.2%, 28.3% and 15.3% respectively over varying quarters recently past.

NASDAQ PRAA opened at $38.15 Wednesday with a market cap of $1.49 billion and PE ratio of 13.07 as well as holding a beta of 1.18; for context, some analysts use Beta to measure risk associated with investing in stocks as opposed to the broader market.

It’s worth noting from company filings that Chairman Steven D. Fredrickson recently sold multiple stakes totaling tens-of-thousands-of-shares; given he previously held over one hundred thousand shares following another sale it is noteworthy activity indicative to some that perhaps something unique may be happening within that organization.

PRA Group’s core business model includes buying discounted nonperforming loans across two sets: Core and Insolvency kinds while providing fee-based services related to class action claims recoveries and consumer bankruptcy servicing among other services

After TheStreet upgraded their views on PRAA from a ‘c+’ rating to ‘b-‘, JMP Securities reiterated with their ‘market outperform’ rating coupled with StockNews.com starting coverage on shares outlining they view it as a ‘hold.’

The post Yousif Capital Management LLC Reduces Holdings in PRA Group, Inc. Despite Strong Financial Performance appeared first on Best Stocks.