The PRA GROUP, Inc.
The Numbers
Insiders Buying Price: ($13.39 - $13.59)
52 Week Price Range: ($12.91 - $27.54)
Shares purchased: May 7th
SEC published: May 9th starting at 5:09 PM
Company Bio…
PRA Group, traded on the NASDAQ under the ticker PRAA, is a global leader in acquiring and collecting nonperforming loans.
The company purchases defaulted consumer debt from credit originators and strives to help individuals resolve their obligations and improve their financial futures.
Headquartered in Norfolk, Virginia, PRA Group has operations in numerous countries across the Americas, Europe, and Australia.
Recent News
May 5, 2025: PRA Group reported its first quarter 2025 financial results, highlighting a 19% growth in portfolio purchases leading to a record Estimated Remaining Collections (ERC) of $7.8 billion. The company also noted a 10.7% increase in total cash collections compared to the first quarter of 2024.
April 7, 2025: PRA Group announced a leadership succession plan, with Martin Sjolund, the current President of PRA Group Europe, appointed as the new President and Chief Executive Officer, effective June 17, 2025. The current President and CEO, Vikram Atal, will serve as a senior advisor through December 31, 2025.
February 19, 2025: PRA Group released its fourth quarter and full-year 2024 results, showcasing record portfolio purchases of $1.4 billion and a 13% increase in cash collections to $1.9 billion for the year. The company also updated its 2025 financial targets, raising its portfolio purchase target to $1.2 billion.
