Pra Group Inc (PRAA) Files Form 4 Insider Buying : Geir Olsen Buys 25,000 Shares

Pra Group Inc (PRAA): Geir Olsen , director of Pra Group Inc purchased 25,000 shares on May 17, 2016. The Insider buying transaction was reported by the company on May 17, 2016 to the Securities and Exchange Commission. The shares were purchased at $27.03 per share for a total value of $675,750.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 13, 2016, David N Roberts (director) purchased 40,000 shares at $25.25 per share price.On Jul 14, 2015, Judith S Scott (EVP-General Counsel, Secretary) sold 3,000 shares at $63.61 per share price.Also, On Jul 7, 2015, Neal Stern (EVP of Operations) sold 3,512 shares at $62.37 per share price.On Jul 2, 2015, Steven D Fredrickson (President, CEO, Chairman) sold 7,500 shares at $63.28 per share price.

Pra Group Inc: On Monday, May 16, 2016 heightened volatility was witnessed in Pra Group Inc which led to swings in the share price. The shares opened for trading at $26.09 and hit $27.33 on the upside , 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. The 52-week high of the share price is $64.82 and the company has a market cap of $1,235 M . The 52-week low of the share price is at $20.

Pra Group Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Pra Group Inc is Downgraded by Raymond James to Outperform. Earlier the firm had a rating of Strong Buy on the company shares. The Rating was issued on May 10, 2016.Pra Group Inc is Downgraded by JMP Securities to Mkt Perform. Earlier the firm had a rating of Mkt Outperform on the company shares. The Rating was issued 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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