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Portfolio Recovery Associates (NASDAQ:PRAA) CEO Steven D. Fredrickson sold 5,000 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $60.36, for a total value of $301,800.00. Following the completion of the sale, the chief executive officer now directly owns 234,451 shares of the company’s stock, valued at approximately $14,151,462. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Several analysts have recently commented on the stock. Analysts at Janney Montgomery Scott upgraded shares of Portfolio Recovery Associates from a “neutral” rating to a “buy” rating in a research note on Friday, May 23rd. They now have a $60.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Portfolio Recovery Associates in a research note on Friday, May 2nd. They now have a $59.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Portfolio Recovery Associates in a research note on Tuesday, April 15th. They now have a $60.00 price target on the stock.

Shares of Portfolio Recovery Associates (NASDAQ:PRAA) traded up 1.31% during mid-day trading on Tuesday, hitting $60.31. 436,997 shares of the company’s stock traded hands. Portfolio Recovery Associates has a 52 week low of $45.8267 and a 52 week high of $63.96. The stock’s 50-day moving average is $56.56 and its 200-day moving average is $55.11. The company has a market cap of $3.019 billion and a P/E ratio of 16.95.

Portfolio Recovery Associates (NASDAQ:PRAA) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by $0.01. The company had revenue of $193.90 million for the quarter, compared to the consensus estimate of $193.68 million. On average, analysts predict that Portfolio Recovery Associates will post $3.98 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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