Yesterday, a Director at Pra Group (NASDAQ: PRAA), Geir Olsen, sold shares of PRAA for $1.88M.
This is Olsen’s first Sell trade following 3 Buy transactions. Following Geir Olsen’s last PRAA Sell transaction on May 25, 2017, the stock climbed by 1.7%.
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Based on Pra Group’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $222 million and quarterly net profit of $19.59 million. In comparison, last year the company earned revenue of $200 million and had a net profit of $11.67 million. PRAA’s market cap is $1.69B and the company has a P/E ratio of 11.84. Currently, Pra Group has an average volume of 317.4K.
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PRA Group, Inc. engages in the purchase, collection and management of portfolios of defaulted consumer receivables. It focuses on the acquisition, collection, and processing of both unpaid and normal course accounts receivable originally owed to credit grantors, governments, retailers and others.
