Image source: PRA Group.
PRA Group Inc. (NASDAQ: PRAA) released second-quarter 2016 results Monday after the market close. Though shares of the non-performing loans collection specialist initially jumped nearly 7% the following day, they’ve since given up those gains, and now sit little changed from the start of this week. Let’s take a closer look at what drove PRA Group’s second-quarter performance, and what to expect going forward.