Portfolio Recovery Associates Inc (NASDAQ:PRAA)

59.87
Data as of Jul 28
 -0.13 / -0.22%
Today’s Change
46.34
Today|||52-Week Range
63.96
+13.30%
Year-to-Date
SECTOR
Commercial Services
INDUSTRY
Miscellaneous Commercial Services
MARKET CAP
$3.0B

Company Description

Portfolio Recovery Associates, Inc. is a financial and business services company. The company through its subsidiaries purchases and manages portfolios of defaulted and bankrupt consumer receivables and provides a broad range of accounts receivable management services to lenders, service providers, governments, and others. Its business focuses upon the detection, collection, and processing of both unpaid and normal-course accounts receivable originally owed to credit grantors, governments, retailers and others. The company also provides a broad range of fee-based services, including revenue enhancement for local governments; vehicle location, skip-tracing and collateral recovery for auto lenders, governments, and law enforcement; contingent consumer debt recovery on behalf of banks, credit providers, and debt purchasers; and filing of class action claims on behalf of institutional investors, manufacturers, and retailers. Portfolio Recovery Associates was founded by Teven D. Fredrickson and Kevin P. Stevenson on March 20, 1996 and is headquartered in Norfolk, VA.

Contact Information

Portfolio Recovery Associates, Inc.
Riverside Commerce Center
Norfolk Virginia 23502-4962
P:(757) 519-9300
Investor Relations:
(757) 961-3525

Employees

Shareholders

Other institutional61.75%
Mutual fund holders49.01%
Individual stakeholders24.35%

Top Executives

Steven D. FredricksonChairman, President & Chief Executive Officer
Neal SternExecutive Vice President-Operations
Kevin P. StevensonCFO, Treasurer & Chief Administrative Officer
Paul CarnesVice President-Information Technology
Judith S. ScottSecretary, Executive VP & General Counsel

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