An investigation for investors in Pra Group Inc (NASDAQ:PRAA) shares over potential securities laws violations by Pra Group Inc was announced and NASDAQ:PRAA stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 03/27/2017 -- Pra Group Inc is under investigation over potential securities laws violations. The investigation was announced for investors in NASDAQ:PRAA shares in connection certain financial statements made by Pra Group Inc.
Investors who purchased shares of Pra Group Inc (NASDAQ:PRAA), have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call 858-779-1554.
The investigation by a law firm focuses on potential claims on behalf of purchasers of the securities of Pra Group Inc (NASDAQ:PRAA) concerning whether certain statements by Pra Group Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On February 28, 2017, Pra Group Inc reported its fourth quarter and full year 2016 financial results. Pra Group Inc reported that its annual Total Revenue declined from $942.02 million in 2015 to $830.5 8million in 2016 and that its Net Income decreased from $167.93 million in 2015 to $85.10 million in 2016. Pra Group Inc announced a net loss of $0.38 per share, compared to an 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. Pra Group Inc also announced the resignation of its CEO, Steve Fredrickson.
Shares of Pra Group Inc (NASDAQ:PRAA) declined from $42.12 per share on February 27, 2017 to as low as $32.90 per share on March 22, 2017.
Those who purchased shares of Pra Group Inc have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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