Pra Group Inc (PRAA) Files Form 4 Insider Buying : David N Roberts Buys 40,000 Shares

Pra Group Inc (PRAA): David N Roberts , director of Pra Group Inc purchased 40,000 shares on May 11, 2016. The Insider buying transaction was reported by the company on May 13, 2016 to the Securities and Exchange Commission. The shares were purchased at $25.25 per share for a total value of $1,009,800.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Nov 16, 2015, David N Roberts (director) purchased 10,000 shares at $33.84 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.

Shares of Pra Group Inc (PRAA) ended Tuesday, May 10, 2016 session in red amid volatile trading. The shares closed down -5.77 points or -18.73% at $25.04 with 35,04,317 shares getting traded. Post opening the session at $24, the shares hit an intraday low of $23.76 and an intraday high of $26.03 and the price vacillated in this range throughout the day. The company has a market cap of $1,157 M and the number of outstanding shares has been calculated to be 4,62,21,037 shares. The 52-week high of Pra Group Inc is $64.82 and the 52-week low is $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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