LOS ANGELES--(BUSINESS WIRE)--
Glancy Prongay & Murray LLP (“GPM”) is investigating potential claims on behalf of investors of PRA Group, Inc. (“PRA Group” or the “Company”) (NASDAQ: PRAA) concerning the Company and its officers’ possible violations of federal securities laws.
On February 28, 2017, the Company disclosed financial results for the full year 2016. Therein PRA Group announced a net loss of $0.38 per share, compared to a analyst consensus estimate of earnings of 68 cents per share for the year, and operating earnings per share of $1.03 per share for 2015. The Company also announced the resignation of its CEO, Steve Fredrickson.
On this news, shares of PRA Group fell $4.85 per share, or nearly 12%, to close at $35.95 per share on March 1, 2017.
If you purchased PRA Group securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to [email protected], or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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