BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of PRA Group, Inc. (“PRA Group” or the “Company”) (NASDAQ:PRAA) investors 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 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. 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 Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to firstname.lastname@example.org, or visit our website at www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.