Trade PRA Group Inc - PRAA CFD

About Pra Group Inc

PRA Group, Inc. is a financial and business services company with operations in the Americas, Europe and Australia. The Company's primary business is the purchase, collection and management of portfolios of nonperforming loans. The Company purchase portfolios of nonperforming loans at a discount in two categories: Core and Insolvency. Its Core operation specializes in purchasing and collecting nonperforming loans, which it purchases since either the credit originator and/or other third-party collection agencies have been unsuccessful in collecting the full balance owed. Its Insolvency operation consists primarily of purchasing and collecting on nonperforming loan accounts where the customer is involved in a bankruptcy proceeding or the equivalent in some European countries. It also provides fee-based services on class action claims recoveries and by servicing consumer bankruptcy accounts in the United States.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Pra Group Inc revenues increased 3% to $1.1B. Net income increased 23% to $183.2M. Revenues reflect United Kingdom segment increase of 32% to $175.4M, Other segment increase of 5% to $268.4M. Net income benefited from Legal collection costs decrease of 23% to $78.3M (expense), Interest expense, net - Balancing value decrease of 12% to $125.2M (expense).

Equity composition

Common Stock $.01 Par, 08/12, 60M auth., 16,880,545 O/S., Insiders own 0.72%. IPO: 11/07/02, 3,470,000 shs. @ $13 byWilliam Blair & Company. 08/13, 3-for-1 stock split.