Hide

FocusBar

Subscribe to Premium Member
Free 7-day Trial
All Articles and Columns »

Portfolio Recovery Associates Inc. (PRAA) President, CEO, Chairman Steven D Fredrickson sells 20,000 Shares

August 03, 2012 | About:
insider

insider

41 followers
President, CEO, Chairman of Portfolio Recovery Associates Inc. (PRAA) Steven D Fredrickson sells 20,000 shares of PRAA on 08/02/2012 at an average price of $96.43 a share.

Portfolio Recovery Associates, Inc. has a market cap of $1.5 billion; its shares were traded at around $99.03 with a P/E ratio of 14.8 and P/S ratio of 3.3. Portfolio Recovery Associates, Inc. had an annual average earning growth of 20.4% over the past 10 years. GuruFocus rated Portfolio Recovery Associates, Inc. the business predictability rank of 4-star.

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:


  • President, CEO, Chairman Steven D Fredrickson sold 9,000 shares of PRAA stock on 06/29/2012 at the average price of 89.15. Steven D Fredrickson owns at least 143,251 shares after this. The price of the stock has increased by 11.08% since.
  • President, CEO, Chairman Steven D Fredrickson sold 6,000 shares of PRAA stock on 06/19/2012 at the average price of 82.02. Steven D Fredrickson owns at least 152,251 shares after this. The price of the stock has increased by 20.74% since.


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.

» Take a Free Trial of Premium Membership

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: 0.0/5 (0 votes)

Comments

Please leave your comment:


More Gurufocus Links

GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names
Free 7-day Trial
FEEDBACK

This article has been successfully added into your Bookmark.

Members Only. Please Sign Up or Log In first.

Bookmark of this article has been deleted.