PRAA PRA Group, Inc. - Common Stock
About PRA Group, Inc. - Common Stock Company overview from Wikipedia
PRA Group, Inc. is a publicly traded debt buyer and debt collection company based in Norfolk, Virginia. The company buys delinquent consumer debt from credit card issuers and other financial institutions at a discount and pursues collection of the full debt owed. Founded in 1996, PRA Group employs more than 3200 people in 18 countries.
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PRA Group, Inc. is a publicly traded debt buyer and debt collection company based in Norfolk, Virginia. The company buys delinquent consumer debt from credit card issuers and other financial institutions at a discount and pursues collection of the full debt owed. Founded in 1996, PRA Group employs more than 3200 people in 18 countries.
Portfolio Recovery Associates has been sued and fined by entities including the Consumer Financial Protection Bureau and the Attorney General of New York for illegal debt collection tactics, threatening and misleading consumers, consumer reporting violations, and malicious prosecution.
History
PRA Group was founded as Portfolio Recovery Associates, LLC in March 1996 by Kevin Stevenson and Steve Fredrickson, who worked previously in collections at Household Finance. With a staff of four in Norfolk, Virginia, the company began to purchase debt in May 1996. In 2000, PRA purchased $1 billion of debt. Then operating as Portfolio Recovery Associates Inc., it was ranked as the tenth largest debt buyer in the United States.
In 2000, the company established a call center in Hutchinson, Kansas. 75 bill collectors worked from the Hutchinson call center in 2001. The main call center, which employed 380 collectors and supervisors, was located in the Riverside Commerce Center in Virginia Beach, Virginia.
In 2002, about 50% of the company's debt portfolio had come from major credit card issuers including Visa, MasterCard and Discover. The portfolio had a value of $4.7 billion, based on money owed by 1.5 million individual debtors. In 2002, PRA had 590 employees across all sites and divisions.
PRA went public on November 8, 2002. Its IPO raised $50.7 million through the sale of 3.9 million shares of its stock at $13./share. By February 2003, it was trading at 60% above its $13 offering price. A second stock offering in May 2003 consisted largely of sales by insiders; the cofounders of PRA and an officer of the company collectively cleared $12.2 million from the offering.
In April 2010, PRA secured a controlling interest in the company Claims Compensation Bureau, which specialized in "recovering funds and processing payments owed under class-action settlements".
In 2013 PRA was listed in the Federal Trade Commission's report on the debt buying industry as one of the top five debt buyers in the US. Based on SEC filings, PRA's revenue for 2017 was $813 million. In October 2014, the company name was changed from Portfolio Recovery Associates, Inc. to PRA Group, Inc.
In 2015 PRA Group acquired Aktiv Kapital, a Norway-based debt buyer and lender in Europe and Canada. In 2020, the company expanded into Australia.
Litigation and regulatory actions
In 2014, the Attorney General of New York obtained a settlement against PRA "for repeatedly bringing improper debt collection actions against New York consumers." The case involved uncontested default judgments levied against defendants who failed to respond to suits brought by PRA against them. The settlement required the abandonment of claims against debtors, changes in collection practices, and a civil fine.
In May 2015, a jury ordered Portfolio Recovery Associates to pay $82,990,000 in punitive damages for the malicious prosecution of Maria Guadalupe Mejia, a Kansas City woman who was pursued by PRA for a $1000 credit card debt she did not owe. The company was also fined $250,000 for violating the Fair Debt and Collection Practices Act.
In September 2015, The Consumer Financial Protection Bureau (CFPB) ordered PRA to pay an $8m penalty and issue $19 million in consumer refunds. The company was also ordered to cease collection attempts on debt totaling more than $3 million. The CFPB found that PRA:
Threatened and deceived consumers to collect on inaccurate debts;
Stated incorrect balances, interest rates, and payment due dates in attempting to collect debts from consumers;
Failed to provide documentation on debts;
Filed court cases without documentation to mislead consumers, and collected default judgments when consumers failed to appear in court;
Filed cases on debts that they knew were outside the statute of limitations.
A 2019 court case between PRA Group's UK subsidiary and a debtor – Doyle vs PRA Group (UK) Ltd – clarified UK law around statute-barred debt, with the judge ruling that creditors were unable to pursue a debt if no action had been taken within six years of the initial default.
In March 2023, PRA was fined $24 million for continued illegal debt collection practices and consumer reporting violations. The director of the agency stated that following the 2015 action, PRA continued "violating the law through intimidation, deception, and illegal debt collection tactics and lawsuits."
In 2024, PRA paid $5.5 million to settle a class action lawsuit that alleged the company violated North Carolina debt collection law by obtaining default judgments against debtors without filing sufficient evidence to substantiate the debts claimed to be owed.
Subsidiaries
PRA Group's subsidiaries include Portfolio Recovery Associates, LLC, which purchases and collects debt; PRA Receivables Management, LLC, which acquires and services bankrupt and insolvent accounts; PRA Location Services, which helps auto lenders and insurance companies recover missing collateral; and Claims Compensation Bureau (CCB), which monitors and files class action claims on behalf of institutional investors and corporate clients.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
PRAA Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
PRAA Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
10-Year Performance Revenue, net income, margins and EPS trends
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Financial Health Debt, liquidity, solvency — balance sheet strength
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Dividends Yield, payout ratio, dividend history, 5Y CAGR
| Ex-date | Amount |
|---|---|
| May 7, 2007 | $0.3333 |
PRAA Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
- Strong Buy 2 22.2%
- Buy 4 44.4%
- Hold 3 33.3%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
1 analysts · 2026-08-15Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $1.51 | $0.54 | 0.97% |
| March 31, 2026 | $0.73 | $0.63 | 0.10% |
| Dec. 31, 2025 | $1.46 | $0.27 | 1.2% |
| Sept. 30, 2025 | $0.53 | $0.41 | 0.12% |
| June 30, 2025 | $0.33 | $0.45 | -0.12% |
| March 31, 2025 | $0.09 | $0.45 | -0.36% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| PRAA | $680M | -2.3 | 7.8% | -25.4% | -28.9% | — |
| JCAP | $1.30B | 4.0 | 41.5% | 30.6% | 42.4% | — |
| NAVI | — | — | — | — | — | — |
| WRLD | — | 19.6 | 3.7% | — | — | — |
| GDOT | — | — | 20.7% | — | — | — |
| NRDS | $966M | 21.2 | 21.7% | 5.8% | 12.7% | — |
| OPFI | — | 10.6 | — | — | 57.7% | — |
| TREE | $731M | 4.9 | 24.1% | 13.5% | 74.7% | 31.5% |
| OPRT | — | 10.0 | -4.5% | — | — | — |
| RM | $370M | 8.7 | 9.7% | 6.9% | 12.1% | — |
| MFIN | — | — | — | — | — | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 14
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.20B | $1.11B | $803M | $967M | $1.10B | $1.07B | $1.02B | $908M | $828M | $931M | $942M | $881M | |
| Operating Expenses | $1.23B | $775M | $702M | $681M | $721M | $716M | $745M | $690M | $603M | $612M | $632M | $539M | |
| Operating Income | $-30M | $340M | $100M | $286M | $375M | $350M | $248M | $185M | $214M | $220M | $310M | $342M | |
| Interest Expense | · | · | $195M | $133M | $125M | $143M | $144M | $124M | $104M | $86M | $62M | $35M | |
| Interest Income | $12M | $9M | $13M | $2M | $1M | $1M | $2M | · | · | · | · | $4.0K | |
| Other Non-op | $-336.0K | $-851.0K | $-2M | $-1M | $282.0K | $-1M | $-364.0K | $-316.0K | $-3M | $-6M | $0 | · | |
| Pretax Income | $-243M | $110M | $-83M | $155M | $250M | $209M | $117M | $89M | $160M | $136M | $258M | $301M | |
| Income Tax | $47M | $21M | $-16M | $37M | $55M | $41M | $20M | $14M | $-11M | $44M | $89M | $125M | |
| Net Income | $-305M | $71M | $-83M | $117M | $183M | $149M | $86M | $66M | $164M | $86M | $168M | $177M | |
| EPS (Basic) | $-7.79 | $1.79 | $-2.13 | $2.96 | $4.07 | $3.28 | $1.90 | $1.45 | $3.60 | $1.86 | $3.49 | $3.53 | |
| EPS (Diluted) | $-7.79 | $1.79 | $-2.13 | $2.94 | $4.04 | $3.26 | $1.89 | $1.44 | $3.59 | $1.86 | $3.47 | $3.50 | |
| Shares (Basic) | 39,173,000 | 39,382,000 | 39,177,000 | 39,638,000 | 44,960,000 | 45,540,000 | 45,387,000 | 45,280,000 | 45,671,000 | 46,316,000 | 48,128,000 | 49,990,000 | |
| Shares (Diluted) | 39,173,000 | 39,542,000 | 39,177,000 | 39,888,000 | 45,330,000 | 45,860,000 | 45,577,000 | 45,413,000 | 45,823,000 | 46,388,000 | 48,405,000 | 50,421,000 | |
| EBITDA | $-21M | $350M | $114M | $301M | $390M | $365M | $264M | $200M | $226M | $236M | $327M | $356M |
Balance Sheet 13
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $104M | $106M | $113M | $83M | $88M | $109M | $120M | $99M | $121M | $94M | $71M | $40M | |
| PP&E (Net) | $25M | $29M | $36M | $52M | $55M | $58M | $57M | $54M | $49M | $39M | $45M | $48M | |
| Accum. Depreciation | $124M | $120M | $126M | $123M | $117M | $106M | $93M | $93M | $81M | $83M | $86M | $72M | |
| Goodwill | $27M | $396M | $432M | $436M | $480M | $493M | $481M | $464M | $527M | $500M | $495M | $527M | |
| Intangibles | · | · | · | · | · | · | $4M | $6M | $24M | $28M | $24M | $11M | |
| Total Assets | $5.10B | $4.93B | $4.53B | $4.18B | $4.37B | $4.45B | $4.42B | $3.91B | $3.70B | $3.16B | $2.99B | $2.78B | |
| Total Liabilities | $4.06B | $3.74B | $3.29B | $2.89B | $3.04B | $3.08B | $3.20B | $2.78B | $2.55B | $2.24B | $2.15B | $1.88B | |
| Long-term Debt | · | · | · | · | · | · | · | · | · | $1.82B | · | · | |
| Retained Earnings | $1.26B | $1.56B | $1.49B | $1.57B | $1.55B | $1.51B | $1.36B | $1.28B | $1.21B | $1.05B | $964M | $906M | |
| AOCI | $-287M | $-443M | $-330M | $-348M | $-267M | $-246M | $-261M | $-242M | $-179M | $-252M | $-229M | $-116M | |
| Stockholders' Equity | $980M | $1.14B | $1.17B | $1.23B | $1.29B | $1.34B | $1.17B | $1.10B | $1.09B | $864M | $800M | $902M | |
| Liabilities + Equity | $5.10B | $4.93B | $4.53B | $4.18B | $4.37B | $4.45B | $4.42B | $3.91B | $3.70B | $3.16B | $2.99B | $2.78B | |
| Shares Outstanding | 38,453,000 | 39,510,000 | 39,247,000 | 38,980,000 | 41,008,000 | 45,585,000 | 45,416,000 | 45,304,000 | 45,189,000 | 46,356,000 | 46,173,000 | 49,577,000 |
Cash Flow 15
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $9M | $11M | $13M | $15M | $15M | $16M | $16M | $15M | $15M | $18M | $16M | $14M | |
| Stock-based Comp | $16M | $13M | $11M | $13M | $16M | $14M | $11M | $9M | $9M | $6M | $16M | $15M | |
| Deferred Tax | $6M | $-2M | $-36M | $607.0K | $7M | $-59M | $-38M | $-56M | $-130M | $-21M | $-9M | $53M | |
| Amort. of Intangibles | · | · | · | · | · | · | $2M | $4M | $4M | $6M | $4M | $5M | |
| Other Non-cash | $189M | $-187M | $-2M | $-124M | $-136M | $21M | $58M | $48M | $-55M | $15M | $-5M | $4M | |
| Operating Cash Flow | $-86M | $-95M | $-98M | $22M | $85M | $142M | $133M | $81M | $15M | $206M | $203M | $268M | |
| CapEx | $5M | $4M | $3M | $13M | $11M | $17M | $18M | $21M | $23M | $14M | $14M | $24M | |
| Investing Cash Flow | $-60M | $-382M | $-235M | $120M | $160M | $115M | $-441M | $-387M | $-295M | $-318M | $-282M | $-1.03B | |
| Stock Repurchased | $20M | $0 | $0 | $111M | $201M | $0 | $0 | $0 | $45M | $0 | $166M | $33M | |
| Net Stock Activity | $-20M | $0 | $0 | $-111M | $-201M | · | $0 | $0 | $-45M | $0 | $-166M | $-33M | |
| Financing Cash Flow | $116M | $491M | $355M | $-121M | $-263M | $-252M | $340M | $295M | $296M | $94M | $120M | $648M | |
| Net Change in Cash | $1M | $-6M | $29M | $-4M | $-32M | $-3M | $25M | $-22M | $26M | $23M | $32M | $-122M | |
| Taxes Paid | $39M | · | · | · | · | · | · | · | · | · | · | · | |
| Free Cash Flow | $-90M | $-99M | $-100M | $8M | $74M | $124M | $115M | $60M | $-22M | $89M | $172M | $238M | |
| Levered FCF | · | · | $-257M | $-93M | $-24M | $10M | $-5M | $-45M | $-133M | $34M | $133M | $217M |
Profitability 7
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | -2.5% | 30.5% | 12.5% | 29.6% | 34.2% | 32.8% | 24.3% | 20.4% | 25.9% | 26.3% | 32.9% | 38.8% | |
| Net Margin | -25.4% | 6.3% | -10.4% | 12.1% | 16.7% | 14.0% | 8.5% | 7.2% | 19.9% | 10.2% | 17.8% | 20.0% | |
| Pretax Margin | -20.2% | 9.8% | -10.3% | 16.0% | 22.9% | 19.6% | 11.5% | 9.8% | 19.4% | 16.1% | 27.3% | 34.2% | |
| EBITDA Margin | -1.8% | 31.4% | 14.1% | 31.1% | 35.6% | 34.3% | 25.9% | 22.1% | 27.8% | 28.5% | 34.7% | 40.4% | |
| ROA | -6.1% | 1.5% | -1.9% | 2.7% | 4.2% | 3.4% | 2.1% | 1.7% | 4.7% | 2.8% | 5.8% | 8.1% | |
| ROE | -28.9% | 6.1% | -7.0% | 9.3% | 13.9% | 11.9% | 7.6% | 6.0% | 16.6% | 10.2% | 19.7% | 19.9% | |
| ROIC | -3.7% | 24.2% | 6.9% | 17.8% | 22.8% | 20.9% | 17.6% | 14.3% | 20.8% | 17.1% | 25.3% | 22.2% |
Liquidity & Solvency 1
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest Coverage | · | · | 0.5 | 2.2 | 3.0 | 2.5 | 1.7 | 1.5 | 2.0 | 2.7 | 5.1 | 9.7 |
Efficiency 1
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.3 | 0.3 | 0.4 |
Growth Rates 7
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 7.8% | 38.9% | -17.0% | -11.8% | 2.9% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 7.5% | 0.57% | -9.0% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 2.4% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | · | · | · | -27.2% | 23.9% | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | · | -23.8% | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | · | · | · | -36.0% | 22.7% | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | · | -27.2% | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 10
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $1.20B | $1.11B | $803M | $967M | $1.10B | $1.07B | $1.02B | $908M | $828M | $931M | $942M | $881M | |
| Net Income TTM | $-305M | $71M | $-83M | $117M | $183M | $149M | $86M | $66M | $164M | $86M | $168M | $177M | |
| Market Cap | $680M | $825M | $1.03B | $1.32B | $2.06B | $1.81B | $1.65B | $1.10B | $1.50B | $1.81B | $1.60B | $2.87B | |
| P/E | -2.3 | 11.7 | -12.3 | 11.5 | 12.4 | 12.2 | 19.2 | 16.9 | 9.2 | 21.0 | 10.0 | 16.6 | |
| P/S | 0.6 | 0.7 | 1.3 | 1.4 | 1.9 | 1.7 | 1.6 | 1.2 | 1.8 | 1.9 | 1.7 | 3.3 | |
| P/B | 0.7 | 0.7 | 0.9 | 1.1 | 1.6 | 1.3 | 1.4 | 1.0 | 1.4 | 2.1 | 2.0 | 3.2 | |
| P / Tangible Book | 0.7 | 1.1 | 1.4 | 1.7 | 2.6 | 2.1 | · | · | · | · | · | · | |
| P / Cash Flow | -8.0 | -8.7 | -10.5 | 61.0 | 24.2 | 12.8 | 12.4 | 13.7 | 1779.7 | 17.6 | 8.6 | 11.0 | |
| P / FCF | -7.5 | -8.4 | -10.2 | 157.9 | 27.9 | 14.5 | 14.3 | 18.3 | -68.2 | 20.4 | 9.3 | 12.1 | |
| Earnings Yield | -44.0% | 8.6% | -8.1% | 8.7% | 8.1% | 8.2% | 5.2% | 5.9% | 10.8% | 4.8% | 10.0% | 6.0% |
Income Statement 12
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $372M | $315M | $333M | $311M | $288M | $270M | $293M | $281M | $284M | $256M | $221M | $216M | $209M | $155M | $223M | $245M | |
| Operating Expenses | $219M | $211M | $208M | $627M | $203M | $195M | $199M | $191M | $195M | $189M | $176M | $173M | $164M | $189M | $164M | $174M | |
| Operating Income | $153M | $103M | $126M | $-316M | $85M | $75M | $94M | $90M | $89M | $66M | $46M | $43M | $46M | $-34M | $59M | $71M | |
| Other Non-op | $-92.0K | $-254.0K | $-43.0K | $-38.0K | $-75.0K | $-180.0K | $-15.0K | $-676.0K | $46.0K | $-206.0K | $-564.0K | $-500.0K | $-230.0K | $-650.0K | $-2M | $-83.0K | |
| Pretax Income | $88M | $41M | $62M | $-380M | $61M | $13M | $33M | $28M | $34M | $14M | $-7M | $-6M | $3M | $-73M | $24M | $38M | |
| Income Tax | $29M | $9M | $3M | $24M | $15M | $4M | $11M | $-672.0K | $9M | $2M | $-816.0K | $2M | $2M | $-19M | $7M | $11M | |
| Net Income | $58M | $28M | $57M | $-408M | $42M | $4M | $18M | $27M | $22M | $3M | $-9M | $-12M | $-4M | $-59M | $16M | $25M | |
| EPS (Basic) | $1.52 | $0.74 | $1.47 | $-10.43 | $1.08 | $0.09 | $0.46 | $0.69 | $0.55 | $0.09 | $-0.22 | $-0.31 | $-0.10 | $-1.50 | $0.43 | $0.63 | |
| EPS (Diluted) | $1.51 | $0.73 | $1.47 | $-10.43 | $1.08 | $0.09 | $0.47 | $0.69 | $0.54 | $0.09 | $-0.22 | $-0.31 | $-0.10 | $-1.50 | $0.43 | $0.63 | |
| Shares (Basic) | 38,104,000 | 38,368,000 | -78,777,000 | 39,078,000 | 39,323,000 | 39,549,000 | -78,677,000 | 39,421,000 | 39,364,000 | 39,274,000 | -78,288,000 | 39,242,000 | 39,190,000 | 39,033,000 | -79,936,000 | 39,018,000 | |
| Shares (Diluted) | 38,303,000 | 38,511,000 | -78,978,000 | 39,078,000 | 39,385,000 | 39,688,000 | -78,944,000 | 39,492,000 | 39,546,000 | 39,448,000 | -78,288,000 | 39,242,000 | 39,190,000 | 39,033,000 | -80,486,000 | 39,170,000 | |
| EBITDA | $153M | $103M | · | $-316M | $85M | $75M | · | $90M | $89M | $66M | · | $43M | $46M | $-34M | · | $71M |
Balance Sheet 11
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $132M | $125M | $104M | $107M | $132M | $129M | $106M | $141M | $119M | $108M | $113M | $105M | $111M | $116M | $83M | $58M | |
| PP&E (Net) | $22M | $25M | $25M | $25M | $26M | $27M | $29M | $32M | $33M | $34M | · | $39M | $46M | $48M | · | $52M | |
| Accum. Depreciation | · | · | $124M | · | · | · | $120M | · | · | · | · | · | · | · | · | · | |
| Goodwill | $27M | $27M | $27M | $27M | $439M | $421M | $396M | $423M | $416M | $412M | $432M | $413M | $415M | $421M | $436M | $404M | |
| Total Assets | $5.24B | $5.21B | $5.10B | $5.00B | $5.43B | $5.15B | $4.93B | $4.94B | $4.66B | $4.48B | · | $4.33B | $4.32B | $4.54B | · | $3.90B | |
| Total Liabilities | $4.13B | $4.14B | $4.06B | $4.02B | $4.04B | $3.87B | $3.74B | $3.65B | $3.46B | $3.29B | · | $3.14B | $3.08B | $3.32B | · | $2.71B | |
| Retained Earnings | $1.34B | $1.28B | $1.26B | $1.20B | $1.61B | $1.56B | $1.56B | $1.54B | $1.51B | $1.49B | · | $1.50B | $1.51B | $1.51B | · | $1.56B | |
| AOCI | $-294M | $-285M | $-287M | $-288M | $-284M | $-365M | $-443M | $-339M | $-382M | $-373M | · | $-387M | $-348M | $-357M | · | $-426M | |
| Stockholders' Equity | $1.05B | $1.00B | $980M | $928M | $1.34B | $1.22B | $1.14B | $1.22B | $1.15B | $1.13B | · | $1.12B | $1.17B | $1.16B | · | $1.13B | |
| Liabilities + Equity | $5.24B | $5.21B | $5.10B | $5.00B | $5.43B | $5.15B | $4.93B | $4.94B | $4.66B | $4.48B | · | $4.33B | $4.32B | $4.54B | · | $3.90B | |
| Shares Outstanding | 37,648,000 | 38,141,000 | 38,453,000 | 39,083,000 | 39,074,000 | 39,652,000 | 39,510,000 | 39,426,000 | 39,417,000 | 39,345,000 | 39,247,000 | 39,243,000 | 39,242,000 | 39,170,000 | 38,980,000 | 38,976,000 |
Cash Flow 10
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | · | · | · | · | $3M | $3M | $3M | $2M | $3M | $3M | $3M | $3M | $3M | $4M | · | $4M | |
| Stock-based Comp | $5M | $5M | $4M | $4M | $4M | $4M | $3M | $3M | $4M | $3M | $3M | $2M | $3M | $4M | $2M | $3M | |
| Operating Cash Flow | $-36M | $25M | $-10M | $-10M | $-13M | $-53M | $43M | $-35M | $-29M | $-73M | $21M | $-37M | $-33M | $-48M | $25M | $38M | |
| CapEx | $2M | $1M | $1M | $1M | $1M | $900.0K | $1M | $1M | $1M | $495.0K | $581.0K | $1M | $686.0K | $405.0K | $3M | $2M | |
| Investing Cash Flow | $-13M | $-18M | $-43M | $16M | $-9M | $-24M | $-199M | $-88M | $-111M | $15M | $-55M | $-86M | $-103M | $9M | $-75M | $48M | |
| Stock Repurchased | $10M | $10M | $10M | $0 | $10M | $0 | $0 | $0 | · | · | $0 | $0 | $0 | $0 | $0 | $25M | |
| Net Stock Activity | · | $-10M | · | · | · | · | · | · | · | · | · | · | · | $0 | · | · | |
| Financing Cash Flow | $-5M | $60M | $41M | $-31M | $20M | $86M | $144M | $143M | $151M | $53M | $27M | $120M | $-217M | $426M | $69M | $-80M | |
| Net Change in Cash | $-51M | $78M | $-2M | $-24M | $5M | $23M | $-35M | $23M | $10M | $-4M | $-5M | $-6M | $-351M | $391M | $26M | $-10M | |
| Free Cash Flow | · | $24M | · | · | · | $-53M | · | · | · | $-73M | · | · | · | $-48M | · | · |
Profitability 7
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 41.2% | 32.8% | · | -101.4% | 29.6% | 27.7% | · | 32.0% | 31.4% | 26.0% | · | 19.9% | 21.8% | -21.6% | · | 28.9% | |
| Net Margin | 15.6% | 9.0% | · | -131.0% | 14.7% | 1.4% | · | 9.7% | 7.6% | 1.4% | · | -5.7% | -1.8% | -37.7% | · | 10.1% | |
| Pretax Margin | 23.7% | 12.9% | · | -122.0% | 21.2% | 5.0% | · | 10.0% | 11.9% | 5.5% | · | -2.9% | 1.3% | -46.7% | · | 15.6% | |
| EBITDA Margin | 41.2% | 32.8% | · | -101.4% | 29.6% | 27.7% | · | 32.0% | 31.4% | 26.0% | · | 19.9% | 21.8% | -21.6% | · | 28.9% | |
| ROA | 1.1% | 0.54% | · | -8.2% | 0.84% | 0.08% | · | 0.59% | 0.49% | 0.08% | · | -0.30% | · | -1.3% | · | 0.61% | |
| ROE | 4.9% | 2.5% | · | -38.0% | 3.4% | 0.31% | · | 2.3% | 1.8% | 0.30% | · | -1.1% | · | -4.8% | · | 2.1% | |
| ROIC | 9.8% | 8.1% | · | -36.2% | 4.8% | 4.2% | · | 7.6% | 5.8% | 4.9% | · | 4.9% | · | -2.2% | · | 4.5% |
Efficiency 1
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | · | 0.0 | · | 0.1 |
Valuation (TTM) 10
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $1.29B | $1.18B | · | $1.15B | $1.12B | $1.09B | · | $1.04B | $965M | $837M | · | $826M | $868M | $899M | · | $1.01B | |
| Net Income TTM | $-279M | $-333M | · | $-335M | $95M | $56M | · | $40M | $9M | $-71M | · | $-50M | $-1M | $43M | · | $136M | |
| Market Cap | $715M | $667M | · | $603M | $576M | $818M | · | $882M | $775M | $1.03B | · | $754M | · | $1.53B | · | $1.28B | |
| P/E | -2.7 | -2.1 | · | -1.8 | 6.1 | 14.6 | · | 22.1 | 89.4 | -14.3 | · | -15.0 | -380.8 | 38.6 | · | 10.0 | |
| P/S | 0.6 | 0.6 | · | 0.5 | 0.5 | 0.7 | · | 0.8 | 0.8 | 1.2 | · | 0.9 | · | 1.7 | · | 1.3 | |
| P/B | 0.7 | 0.7 | · | 0.6 | 0.4 | 0.7 | · | 0.7 | 0.7 | 0.9 | · | 0.7 | · | 1.3 | · | 1.1 | |
| P / Tangible Book | 0.7 | 0.7 | · | 0.7 | 0.6 | 1.0 | · | 1.1 | 1.1 | 1.4 | · | 1.1 | · | 2.1 | · | 1.8 | |
| P / Cash Flow | · | 26.8 | · | · | · | -15.6 | · | · | · | -14.1 | · | · | · | -32.1 | · | · | |
| P / FCF | · | 28.4 | · | · | · | -15.3 | · | · | · | -14.0 | · | · | · | -31.8 | · | · | |
| Earnings Yield | -37.4% | -48.7% | · | -55.5% | 16.3% | 6.8% | · | 4.5% | 1.1% | -7.0% | · | -6.7% | -0.26% | 2.6% | · | 10.0% |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Revenue | $1.20B | $1.11B | $803M | $967M | $1.10B |
| Operating Margin % | -2.5% | 30.5% | 12.5% | 29.6% | 34.2% |
| Net Income | $-305M | $71M | $-83M | $117M | $183M |
| Diluted EPS | $-7.79 | $1.79 | $-2.13 | $2.94 | $4.04 |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $-90M | $-99M | $-100M | $8M | $74M |
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Institutional owners (13F) 208 filers · $446.9M total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 42 (-3 vs prior Q) | 32 (+3 vs prior Q) | 63 (-2 vs prior Q) | 61 (0 vs prior Q) | +1.5M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| Topline Capital Management, LLC | $73,022,893 | 3,845,334 | 16.34% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $31,303,458 | 1,648,418 | 7.00% | Shares |
| Global Alpha Capital Management Ltd. | $29,895,064 | 1,574,253 | 6.69% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $24,386,369 | 1,284,169 | 5.46% | Shares |
| AMERICAN CENTURY COMPANIES INC | $19,427,397 | 1,023,033 | 4.35% | Shares |
| STATE STREET CORP | $17,983,150 | 946,980 | 4.02% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $16,428,248 | 864,853 | 3.68% | Shares |
| MILLENNIUM MANAGEMENT LLC | $14,310,807 | 753,597 | 3.20% | Shares |
| JACOBS LEVY EQUITY MANAGEMENT, INC | $14,227,004 | 749,184 | 3.18% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $12,762,685 | 672,074 | 2.86% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $12,184,003 | 641,601 | 2.73% | Shares |
| Assenagon Asset Management S.A. | $11,421,422 | 601,444 | 2.56% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $9,417,179 | 495,902 | 2.11% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $9,215,277 | 485,270 | 2.06% | Shares |
| CAPITAL MANAGEMENT CORP /VA | $9,060,775 | 477,134 | 2.03% | Shares |
| CITADEL ADVISORS LLC | $7,610,489 | 400,763 | 1.70% | Shares |
| Qube Research & Technologies Ltd | $7,120,889 | 374,981 | 1.59% | Shares |
| TUDOR INVESTMENT CORP ET AL | $6,155,798 | 324,160 | 1.38% | Shares |
| Trexquant Investment LP | $5,902,035 | 310,797 | 1.32% | Shares |
| BlackRock, Inc. | $5,190,746 | 273,341 | 1.16% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $4,766,927 | 251,023 | 1.07% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $3,814,104 | 200,848 | 0.85% | Shares |
| JANE STREET GROUP, LLC | $3,776,351 | 198,860 | 0.85% | Shares |
| XTX Topco Ltd | $3,758,482 | 197,919 | 0.84% | Shares |
| Quantinno Capital Management LP | $3,570,329 | 188,011 | 0.80% | Shares |
| Point72 Asset Management, L.P. | $3,485,197 | 183,528 | 0.78% | Shares |
| MORGAN STANLEY | $3,211,798 | 169,131 | 0.72% | Shares |
| AMERIPRISE FINANCIAL INC | $3,110,731 | 163,809 | 0.70% | Shares |
| BROWN ADVISORY INC | $2,801,500 | 147,525 | 0.63% | Shares |
| BANK OF AMERICA CORP /DE/ | $2,631,140 | 138,554 | 0.59% | Shares |
| D. E. Shaw & Co., Inc. | $2,520,752 | 132,741 | 0.56% | Shares |
| JPMORGAN CHASE & CO | $2,516,325 | 134,204 | 0.56% | Shares |
| FIRST TRUST ADVISORS LP | $2,409,963 | 126,907 | 0.54% | Shares |
| Jain Global LLC | $2,359,982 | 124,275 | 0.53% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $2,278,800 | 120,000 | 0.51% | Shares |
| HSBC HOLDINGS PLC | $2,274,610 | 123,822 | 0.51% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $1,929,422 | 101,602 | 0.43% | Shares |
| GOLDMAN SACHS GROUP INC | $1,925,225 | 101,381 | 0.43% | Shares |
| Squarepoint Ops LLC | $1,895,658 | 99,824 | 0.42% | Shares |
| PICTON MAHONEY ASSET MANAGEMENT | $1,624,348 | 85,537 | 0.36% | Shares |
| WOLVERINE ASSET MANAGEMENT LLC | $1,606,326 | 84,588 | 0.36% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $1,542,311 | 81,217 | 0.35% | Shares |
| Vanguard Global Advisers, LLC | $1,500,096 | 78,994 | 0.34% | Shares |
| Swiss National Bank | $1,460,331 | 76,900 | 0.33% | Shares |
| Engineers Gate Manager LP | $1,375,522 | 72,434 | 0.31% | Shares |
| FRANKLIN RESOURCES INC | $1,321,704 | 69,600 | 0.30% | Shares |
| Quadrature Capital Ltd | $1,191,585 | 62,748 | 0.27% | Shares |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO | $1,090,672 | 57,434 | 0.24% | Shares |
| Balyasny Asset Management L.P. | $1,086,589 | 57,219 | 0.24% | Shares |
| Brevan Howard Capital Management LP | $1,085,867 | 57,181 | 0.24% | Shares |
| Bank of New York Mellon Corp | $1,053,736 | 55,489 | 0.24% | Shares |
| DEBUSSY CAPITAL MANAGEMENT LP | $1,026,130 | 58,636 | 0.23% | Shares |
| Connor, Clark & Lunn Investment Management Ltd. | $1,025,498 | 54,002 | 0.23% | Shares |
| RHUMBLINE ADVISERS | $945,957 | 49,814 | 0.21% | Shares |
| Y-Intercept (Hong Kong) Ltd | $912,470 | 48,050 | 0.20% | Shares |
| ALLIANCEBERNSTEIN L.P. | $906,535 | 51,802 | 0.20% | Shares |
| ALGERT GLOBAL LLC | $902,025 | 47,500 | 0.20% | Shares |
| Salomon & Ludwin, LLC | $896,834 | 46,881 | 0.20% | Shares |
| Mariner, LLC | $862,200 | 45,404 | 0.19% | Shares |
| Pacific Ridge Capital Partners, LLC | $826,369 | 43,516 | 0.18% | Shares |
| VANGUARD GROUP INC | $805,673 | 45,544 | 0.18% | Shares |
| Federation des caisses Desjardins du Quebec | $781,732 | 41,159 | 0.17% | Shares |
| DEUTSCHE BANK AG\ | $778,742 | 41,008 | 0.17% | Shares |
| EntryPoint Capital, LLC | $774,032 | 40,760 | 0.17% | Shares |
| Dynamic Technology Lab Private Ltd | $756,000 | 39,811 | 0.17% | Shares |
| TWO SIGMA ADVISERS, LP | $748,287 | 42,300 | 0.17% | Shares |
| TWO SIGMA INVESTMENTS, LP | $735,407 | 38,726 | 0.16% | Shares |
| CITADEL ADVISORS LLC | $734,913 | 38,700 | 0.16% | Put option |
| FOX RUN MANAGEMENT, L.L.C. | $729,748 | 38,428 | 0.16% | Shares |
| Indivisible Partners | $711,213 | 37,452 | 0.16% | Shares |
| Aquatic Capital Management LLC | $710,454 | 37,412 | 0.16% | Shares |
| Advyzon Investment Management, LLC | $708,612 | 37,315 | 0.16% | Shares |
| NATIXIS | $649,458 | 34,200 | 0.15% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $635,565 | 36,318 | 0.14% | Shares |
| Counterpoint Mutual Funds LLC | $615,580 | 32,416 | 0.14% | Shares |
| CAXTON ASSOCIATES LLP | $594,596 | 31,311 | 0.13% | Shares |
| ARISTEIA CAPITAL, L.L.C. | $575,397 | 30,300 | 0.13% | Shares |
| PDT Partners, LLC | $530,979 | 27,961 | 0.12% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $521,959 | 27,486 | 0.12% | Shares |
| Inspire Investing, LLC | $515,305 | 29,446 | 0.12% | Shares |
| Schonfeld Strategic Advisors LLC | $510,791 | 26,898 | 0.11% | Shares |
| STATE OF WISCONSIN INVESTMENT BOARD | $491,195 | 25,866 | 0.11% | Shares |
| NORDEA INVESTMENT MANAGEMENT AB | $448,412 | 24,584 | 0.10% | Shares |
| MetLife Investment Management, LLC | $445,524 | 23,461 | 0.10% | Shares |
| PRUDENTIAL FINANCIAL INC | $438,042 | 23,067 | 0.10% | Shares |
| Catalyst Funds Management Pty Ltd | $425,376 | 22,400 | 0.10% | Shares |
| Steward Partners Investment Advisory, LLC | $421,779 | 22,211 | 0.09% | Shares |
| Atria Investments, Inc | $411,494 | 21,669 | 0.09% | Shares |
| Gallagher Fiduciary Advisors, LLC | $407,241 | 21,445 | 0.09% | Shares |
| IEQ CAPITAL, LLC | $397,138 | 20,913 | 0.09% | Shares |
| S&T Bank/PA | $392,276 | 20,657 | 0.09% | Shares |
| Walleye Capital LLC | $383,731 | 20,207 | 0.09% | Shares |
| Vident Advisory, LLC | $375,470 | 19,772 | 0.08% | Shares |
| DDFG, Inc | $375,337 | 19,765 | 0.08% | Shares |
| ALLSTATE CORP | $339,427 | 17,874 | 0.08% | Shares |
| MARSHALL WACE, LLP | $338,003 | 17,799 | 0.08% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $335,230 | 17,653 | 0.08% | Shares |
| MERCER GLOBAL ADVISORS INC /ADV | $327,217 | 17,231 | 0.07% | Shares |
| JANUS HENDERSON GROUP PLC | $322,013 | 18,385 | 0.07% | Shares |
| CANADA PENSION PLAN INVESTMENT BOARD | $313,335 | 16,500 | 0.07% | Shares |
Company insiders 27 insiders · 9 officers · 15 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Martin Sjolund | President and CEO | June 17, 2026 F | 263,586 | 0 | 0 | $0 |
| Kevin P Stevenson | President & CEO | March 7, 2023 F | 397,450 | 0 | 0 | $0 |
| Richard Owen James | President - PRA Group Europe | Aug. 15, 2026 F | 93,426 | 0 | 0 | $0 |
| Michael J Petit | President -Bankruptcy Services | May 9, 2013 S | 33,966 | 0 | 0 | $0 |
| Latisha Owens Tarrant | General Counsel & CHRO | Aug. 15, 2026 F | 102,346 | 0 | 0 | $0 |
| Judith S Scott | Corporate Secretary | Feb. 29, 2016 A | 38,146 | 0 | 0 | $0 |
| Neal Stern | EVP of Operations | March 13, 2013 F | 19,656 | 0 | 0 | $0 |
| Peter Kent Mccammon | Pres.-Rev Enhancement Services | March 13, 2013 F | 12,955 | 0 | 0 | $0 |
| Craig A Grube | Executive VP - Acquisitions | Jan. 25, 2011 A | 30,789 | 0 | 0 | $0 |
| Jayne-Anne Gadhia | Director | June 16, 2026 F | 23,387 | 0 | 0 | $0 |
| Brett Lee Paschke | Director | June 16, 2026 A | 51,340 | 0 | 0 | $0 |
| Adrian M Butler | Director | June 16, 2026 A | 24,657 | 0 | 0 | $0 |
| Geir Olsen | Director | June 16, 2026 F | 28,228 | 0 | 0 | $0 |
| Marjorie Mary Connelly | Director | June 16, 2026 A | 65,160 | 0 | 0 | $0 |
| Lance L Weaver | Director | June 16, 2026 A | 21,284 | 0 | 0 | $0 |
| Scott M Tabakin | Director | June 16, 2026 A | 108,542 | 0 | 0 | $0 |
| Steven D Fredrickson | Director | April 1, 2025 A | 241,201 | 0 | 0 | $0 |
| FAIN JOHN H | Director | June 13, 2023 A | 42,445 | 0 | 0 | $0 |
| David N Roberts | Director | Nov. 13, 2017 G | 34,083 | 0 | 0 | $0 |
| John E Fuller | Director | May 23, 2012 A | 4,734 | 0 | 0 | $0 |
| William P Brophey | Director | Nov. 17, 2009 M | 7,032 | 0 | 0 | $0 |
| Peter A Cohen | Director | Oct. 27, 2005 J | 0 | 0 | 0 | $0 |
| ANGELO GORDON & CO LP/NY | 10% owner | Jan. 1, 2004 J | 0 | 0 | 0 | $0 |
| Steven C Roberts | — | March 7, 2023 F | 65,604 | 0 | 0 | $0 |
| Penelope W Kyle | — | June 11, 2020 A | 47,385 | 0 | 0 | $0 |
| James M Voss | — | May 13, 2016 A | 33,497 | 0 | 0 | $0 |
| James L Keown | — | Aug. 16, 2004 S | 279,800 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 6 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Engaged Capital Flagship Master Fund, LP, Engaged Capital, LLC, Engaged Capital Holdings, LLC, Glenn W. Welling ×2 filings | Feb. 16, 2024 | — | Initial filing | — | SEC |
| AG FUNDS, L.P., PRA INVESTMENTS, L.L.C., JOHN M. ANGELO, MICHAEL L. GORDON ×2 filings | Feb. 25, 2005 | — | Initial filing | — | SEC |
| ANGELO, GORDON & CO., L.P., AG PARTNERS, L.P., AG FUNDS, L.P., JOHN M. ANGELO, MICHAEL L. GORDON, PRA INVESTMENTS, L.L.C. | Jan. 9, 2004 | — | Initial filing | Passive investment | SEC |
| IRS Identification Nos. of above persons (entities only) Angelo, Gordon & Co., L.P., IRS Identification Nos. of above persons (entities only) AG Partner, L.P., IRS Identification Nos. of above persons (entities only) John M. Angelo, IRS Identification Nos. of above persons (entities only) Michael L. Gordon, IRS Identification Nos. of above persons (entities only) PRA Investments, L.L.C. ×2 filings | May 30, 2003 | — | Initial filing | — | SEC |
| IRS Identification Nos. of above persons (entities only) Steven D. Fredrickson | May 29, 2003 | — | Initial filing | — | SEC |
| Steven D. Fredrickson | Feb. 12, 2003 | — | Initial filing | Passive investment | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF ownership Held by 44 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| EBIT · Harbor ETF Trust | 0.13% | 681 NS | April 30, 2026 | N-PORT |
| NUSC · Nushares ETF Trust | 0.07% | 39,852 NS | April 30, 2026 | N-PORT |
| FNDA · SCHWAB STRATEGIC TRUST | 0.05% | 276,657 NS | May 31, 2026 | N-PORT |
| AVSC · AMERICAN CENTURY ETF TRUST | 0.04% | 75,326 NS | May 31, 2026 | N-PORT |
| AVUV · AMERICAN CENTURY ETF TRUST | 0.04% | 656,886 NS | May 31, 2026 | N-PORT |
| DFSV · Dimensional ETF Trust | 0.03% | 100,587 NS | April 30, 2026 | N-PORT |
| SAA · ProShares Trust | 0.03% | 466 NS | May 31, 2026 | N-PORT |
| RSSL · Global X Funds | 0.03% | 16,846 NS | April 30, 2026 | N-PORT |
| DXUV · Dimensional ETF Trust | 0.02% | 4,221 NS | April 30, 2026 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.02% | 127,921 NS | April 30, 2026 | N-PORT |
| GSSC · Goldman Sachs ETF Trust | 0.02% | 9,951 NS | May 31, 2026 | N-PORT |
| ITWO · ProShares Trust | 0.01% | 1,831 NS | May 31, 2026 | N-PORT |
| SCHA · SCHWAB STRATEGIC TRUST | 0.01% | 186,262 NS | May 31, 2026 | N-PORT |
| DFAT · Dimensional ETF Trust | 0.01% | 74,777 NS | April 30, 2026 | N-PORT |
| FNCL · FIDELITY COVINGTON TRUST | 0.01% | 9,822 NS | April 30, 2026 | N-PORT |
| UWM · ProShares Trust | 0.01% | 1,432 NS | May 31, 2026 | N-PORT |
| URTY · ProShares Trust | 0.01% | 1,447 NS | May 31, 2026 | N-PORT |
| DFAC · Dimensional ETF Trust | 0.01% | 102,148 NS | April 30, 2026 | N-PORT |
| FNDB · SCHWAB STRATEGIC TRUST | 0.00% | 3,526 NS | May 31, 2026 | N-PORT |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.00% | 1,447 NS | May 31, 2026 | N-PORT |
| DFSU · Dimensional ETF Trust | 0.00% | 2,600 NS | April 30, 2026 | N-PORT |
| AVUS · AMERICAN CENTURY ETF TRUST | 0.00% | 22,480 NS | May 31, 2026 | N-PORT |
| HDG · ProShares Trust | 0.00% | 36 NS | May 31, 2026 | N-PORT |
| AVSU · AMERICAN CENTURY ETF TRUST | 0.00% | 656 NS | May 31, 2026 | N-PORT |
| DCOR · Dimensional ETF Trust | 0.00% | 2,900 NS | April 30, 2026 | N-PORT |
| DFAU · Dimensional ETF Trust | 0.00% | 10,115 NS | April 30, 2026 | N-PORT |
| DFUS · Dimensional ETF Trust | 0.00% | 13,080 NS | April 30, 2026 | N-PORT |
| SCHB · SCHWAB STRATEGIC TRUST | 0.00% | 20,961 NS | May 31, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | — | — | July 15, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | — | — | July 15, 2026 | Daily |
| VFMO · VANGUARD WELLINGTON FUND | — | — | July 30, 2026 | Daily |
| VFVA · VANGUARD WELLINGTON FUND | — | — | July 30, 2026 | Daily |
| VTWO · VANGUARD SCOTTSDALE FUNDS | — | — | July 15, 2026 | Daily |
| VTWV · VANGUARD SCOTTSDALE FUNDS | — | — | July 15, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | — | — | July 15, 2026 | Daily |
| ITOT · iShares Trust | — | — | July 22, 2026 | Daily |
| IWV · iShares Trust | — | — | Aug. 18, 2026 | Daily |
| IWN · iShares Trust | — | — | Aug. 17, 2026 | Daily |
| IWM · iShares Trust | — | — | Aug. 18, 2026 | Daily |
| PRFZ · Invesco Exchange-Traded Fund Trust | — | — | July 13, 2026 | Daily |
| BSJR · Invesco Exchange-Traded Self-Indexe… | — | — | Aug. 18, 2026 | Daily |
| VFH · VANGUARD WORLD FUND | — | — | July 20, 2026 | Daily |
| ESML · iShares Trust | — | — | Aug. 14, 2026 | Daily |
| WSML · iShares Trust | — | — | July 20, 2026 | Daily |