SCHEDULE 13G/A: BlackRock Amends PRA Group Stake, Disclosing 15.1% Beneficial Ownership
Ownership Disclosure
BlackRock, Inc. has filed an Amendment No. 16 to its Schedule 13G, revealing a 15.1% beneficial ownership stake in PRA Group Inc. common stock as of March 31, 2025.
Summary
- BlackRock, Inc. filed an Amendment No. 16 to Schedule 13G concerning its beneficial ownership of PRA GROUP INC common stock.
- As of March 31, 2025, BlackRock, Inc. beneficially owns a total of 5,963,497 shares of PRA GROUP INC common stock.
- This ownership represents 15.1% of the total outstanding common stock of PRA GROUP INC.
- BlackRock, Inc. holds sole voting power over 5,886,973 shares and sole dispositive power over 5,963,497 shares.
- No shared voting or dispositive power is reported by BlackRock, Inc.
- The filing identifies iShares Core S&P Small-Cap ETF as having an interest exceeding 5% of the common stock.
- BlackRock Fund Advisors is also noted as an entity beneficially owning 5% or greater of the outstanding shares.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would indicate a positive or negative sentiment regarding the issuer's performance or prospects.
Future Outlook
This document is a disclosure of beneficial ownership and does not contain any forward-looking statements or guidance regarding PRA GROUP INC's future performance or outlook.
Management Comments
- "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11."
Industry Context
This filing reflects a significant institutional investment by BlackRock, one of the world's largest asset managers, in PRA Group Inc. It indicates continued passive investment interest from a major player in the financial services industry, which is a common occurrence for publicly traded companies.
Stakeholder Impact
- Shareholders: The disclosure of a significant 15.1% stake held by a major institutional investor like BlackRock may be viewed positively, indicating continued institutional confidence or a stable large shareholder base.
Key Dates
| Date | Description |
|---|---|
| 04/30/2023 | Date of previous Power of Attorney, which was expressly revoked. |
| 01/21/2025 | Execution date of the new Power of Attorney by BlackRock, Inc. |
| 03/31/2025 | Date of event which requires the filing of this statement (measurement date for ownership). |
| 04/29/2025 | Signature date of the Schedule 13G Amendment No. 16 by BlackRock, Inc. |
Keywords
PRA Group Inc, BlackRock, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, SEC Filing, Investment Management, Asset Management
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