PRA Group Leaders Earn Women in Business Achievement Awards
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Engaged Capital LLC Confirms 5.1% Stake in PRA Group (PRAA)
December 13, 2023 9:04 AM ESTIn a 13D filing on PRA Group (NASDAQ: PRAA), hedge fund Engaged Capital LLC disclosed a 5.1%, or 2,010,750 share, stake in the company. The firm did not hold shares at the end of the latest quarter ending September 30, 2023. Earlier, Reuters reported about the stake and said the activist hedge fund is pushing the company to enhance its operations, reduce expenses, and bolster its senior leadership with fresh expertise.
From the filing:
Item 4. Purpose of Transaction.
The Reporting Persons purchased the Shares based on the Reporting Persons belief that the Shares, when purchased, were undervalued and... More
