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 Video: What is a Stock Split?
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| PRA Group, Inc. is a financial and business services company with operations based primarily in the Americas and Europe and Australia. Co.'s primary business is the purchase, collection and management of portfolios of nonperforming loans. The accounts it purchases are primarily the unpaid obligations of individuals owed to credit originators. It purchases portfolios of nonperforming loans at a discount in two categories: Core and Insolvency. Core operation specializes in purchasing and collecting nonperforming loans, which it purchases since the credit originators have chosen not to pursue, or have been unsuccessful in, collecting the full balance owed. According to our PRAA split history records, Pra Group has had 1 split. | |
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Pra Group (PRAA) has 1 split in our PRAA split history database. The split for PRAA took place on August 02, 2013. This was a 3 for 1 split, meaning for each share of PRAA owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 3000 share position following the split.
When a company such as Pra Group splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the PRAA split history from start to finish, an original position size of 1000 shares would have turned into 3000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Pra Group shares, starting with a $10,000 purchase of PRAA, presented on a split-history-adjusted basis factoring in the complete PRAA split history.
Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
12/11/2014 |
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| End date: |
12/09/2024 |
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| Start price/share: |
$57.40 |
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| End price/share: |
$21.37 |
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| Dividends collected/share: |
$0.00 |
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| Total return: |
-62.77% |
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| Average Annual Total Return: |
-9.41% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$3,721.22 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 08/02/2013 | 3 for 1 |
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