Portfolio Recovery Associates Insider Michael J. Petit Unloads 15,000 Shares (PRAA)
Portfolio Recovery Associates (NASDAQ:PRAA) Insider Michael J. Petit sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $58.31, for a total transaction of $874,650.00. Following the sale, the insider now directly owns 78,553 shares of the company’s stock, valued at approximately $4,580,425. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on PRAA shares. Analysts at Zacks reiterated a “neutral” rating on shares of Portfolio Recovery Associates in a research note on Thursday. They now have a $53.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Portfolio Recovery Associates presently has a consensus rating of “Hold” and a consensus target price of $62.67.
Portfolio Recovery Associates (NASDAQ:PRAA) traded down 1.03% on Monday, hitting $56.57. 1,080,410 shares of the company’s stock traded hands. Portfolio Recovery Associates has a one year low of $38.4767 and a one year high of $63.96. The stock has a 50-day moving average of $52.05 and a 200-day moving average of $55.54. The company has a market cap of $2.819 billion and a price-to-earnings ratio of 16.57.
Portfolio Recovery Associates (NASDAQ:PRAA) last posted its quarterly earnings results on Friday, February 28th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.01. The company had revenue of $184.90 million for the quarter, compared to the consensus estimate of $185.95 million. On average, analysts predict that Portfolio Recovery Associates will post $3.94 earnings per share for the current fiscal year.
Portfolio Recovery Associates, Inc (NASDAQ:PRAA) is engaged in the detection, collection and processing of both unpaid and normal-course accounts receivable originally owed to credit grantors, governments, retailers and others.
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