PRA Group, Inc. (PRAA) benefits from rising portfolio income, improved cash collections, expanding U.S. portfolio supply, favorable pricing dynamics and a strong cash position.PRAA’s Zacks Rank & Price RallyPRA Group currently carries a Zacks Rank #3 (Hold).The stock has gained 10.6% in the past three months compared with the industry’s 8.5% growth. The Zacks Finance sector and the S&P 500 composite has increased 4.4% and 5%, respectively, in the same time frame.Image Source: Zacks Investment ResearchPRA Gr ...

It takes time to turn a business around, and often longer still to drive a turn in sentiment and regain investor trust. Such is the case with PRA Group (NASDAQ: PRAA ), asAnalyst’s Disclosure: I/we have a beneficial long position in the shares of PRAA either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock i ...

The chief technology officer at Foot Locker, Butler brings more than 25 years of leadership experience across all areas of technology to the BoardNORFOLK, Va., Dec. 17, 2024 /PRNewswire/ -- PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, announced today that Adrian Butler has been elected as an independent director of the company, effective January 1, 2025. Foot Locker Chief Technology Officer Adrian Butler has been elected to the PRA Group Board of Direct ...

Investors in PRA Group, Inc. (PRAA) need to pay close attention to the stock based on moves in the options market lately. That is because the Dec. 20, 2024 $15 Call had some of the highest implied volatility of all equity options today.What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also me ...

NORFOLK, Va., Nov. 20, 2024 /PRNewswire/ -- PRA Group, Inc. (Nasdaq: PRAA) (the "Company"), a global leader in acquiring and collecting nonperforming loans, announced today the pricing of its upsized offering of $150.0 million aggregate principal amount of 8.875% Senior Notes due 2030 (the "notes"), which was upsized by $50.0 million from the previously announced $100.0 million, at a price of 103.625% of their principal amount, in a private transaction that is exempt from the registration requirements of th ...

NORFOLK, Va., Nov. 20, 2024 /PRNewswire/ -- PRA Group, Inc. (Nasdaq: PRAA) (the "Company"), a global leader in acquiring and collecting nonperforming loans, announced today that it plans, subject to market and other conditions, to offer $100.0 million aggregate principal amount of senior notes due 2030 (the "notes") in a private transaction that is exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"). The notes will be a further issuance of the Company's ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended September 30, 2024 ☐ Transition Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from ________ to ________ Commission File Number: 000-50058 PRA Group, Inc. (Exact name of registrant as specified in its charter) Delaware 75-3078675 (State or other jurisd ...

PRA Group, Inc.’s (PRAA) shares gained 17.8% since it reported third-quarter 2024 results on Nov. 6, 2024. The strong quarterly results benefited from strong cash collections and purchases in the third quarter. Moreover, the company showed optimism in achieving its 2024 targets and expects accelerated progress in 2025, driving investor confidence upward. However, rising expenses partially offset the positives.PRAA reported third-quarter 2024 earnings per share of 49 cents, which beat the Zacks Consensus Est ...

NORFOLK, Va., Nov. 8, 2024 /PRNewswire/ -- PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, announces today that management is scheduled to participate at the following investor conferences in November and December:Citizens JMP Securities Financial Services ConferenceDate: Tuesday, November 12, 2024Conference Type: 1x1 meetings onlyLocation: Lotte New York Palace, New York, New YorkFurey Research Partners Hidden Gems ConferenceDate: Tuesday, November 26, 2024C ...

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