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Portfolio Recovery Associates Inc. (PRAA) President, CEO, Chairman Steven D Fredrickson sells 4,300 Shares

February 16, 2011 | About:
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insider

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President, CEO, Chairman of Portfolio Recovery Associates Inc. (PRAA) Steven D Fredrickson sells 4,300 shares of PRAA on 02/14/2011 at an average price of $79.16 a share.

Portfolio Recovery Associates Inc. has a market cap of $1.36 billion; its shares were traded at around $79.58 with a P/E ratio of 20.3 and P/S ratio of 4.8. Portfolio Recovery Associates Inc. had an annual average earning growth of 20.5% over the past 10 years.

Hedge Fund Gurus that owns PRAA: Jim Simons of Renaissance Technologies LLC, Bruce Kovner of Caxton Associates, Steven Cohen of SAC Capital Advisors, George Soros of Soros Fund Management LLC. Mutual Fund and Other Gurus that owns PRAA: RS Investment Management.

This is the annual revenues and earnings per share of PRAA over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of PRAA.


CEO Recent Trades:


  • Sell: President, CEO, Chairman Steven D Fredrickson sold 6,097 shares of PRAA stock on 02/11/2011 at the average price of 77.38. Steven D Fredrickson owns at least 110,092 shares after this.

  • Sell: President, CEO, Chairman Steven D Fredrickson sold 9,603 shares of PRAA stock on 02/08/2011 at the average price of 76.27. Steven D Fredrickson owns at least 116,189 shares after this.

  • Sell: President, CEO, Chairman Steven D Fredrickson sold 12,000 shares of PRAA stock on 02/01/2011 at the average price of 73.54. Steven D Fredrickson owns at least 125,792 shares after this.

  • Sell: President, CEO, Chairman Steven D Fredrickson sold 6,000 shares of PRAA stock on 12/22/2010 at the average price of 77.03. Steven D Fredrickson owns at least 130,862 shares after this.

  • Sell: President, CEO, Chairman Steven D Fredrickson sold 12,000 shares of PRAA stock on 12/17/2010 at the average price of 74.17. Steven D Fredrickson owns at least 136,862 shares after this.


CFO Recent Trades:


  • Sell: EVP, CFO, Treasurer, Asst Secy Kevin P Stevenson sold 5,000 shares of PRAA stock on 12/15/2010 at the average price of 73. Kevin P Stevenson owns at least 87,037 shares after this.

  • Sell: EVP, CFO, Treasurer, Asst Secy Kevin P Stevenson sold 5,000 shares of PRAA stock on 12/13/2010 at the average price of 71. Kevin P Stevenson owns at least 92,037 shares after this.

  • Sell: EVP, CFO, Treasurer, Asst Secy Kevin P Stevenson sold 10,000 shares of PRAA stock on 12/08/2010 at the average price of 68. Kevin P Stevenson owns at least 97,037 shares after this.

  • Sell: EVP, CFO, Treasurer, Asst Secy Kevin P Stevenson sold 5,000 shares of PRAA stock on 12/01/2010 at the average price of 65. Kevin P Stevenson owns at least 107,037 shares after this.



This is the insider trade history vs. stock price of PRAA. For the complete insider trading history of PRAA, click here.




Directors and Officers Recent Trades:


  • Sell: EVP-General Counsel, Secretary Judith S Scott sold 550 shares of PRAA stock on 08/31/2010 at the average price of 63.5. Judith S Scott owns at least 12,761 shares after this.



For the complete insider trading history of PRAA, click here.

About the author:

GuruFocus - Stock Picks and Market Insight of Gurus

Tickers in the article:

  • CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys:: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

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Why CEOs Are Buying Stocks Of Their Own Companies?

  1. As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
  2. TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
  3. Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.

Click it to Check Out What the CEO Are Trading


Rating: 4.0/5 (1 vote)

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