William B. Roberts Sells 15,000 Shares of Consumer Portfolio Services, Inc. (NASDAQ:CPSS) Stock

Consumer Portfolio Services, Inc. (NASDAQ:CPSS) Director William B. Roberts sold 15,000 shares of the stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $10.45, for a total transaction of $156,750.00. Following the transaction, the director now owns 700,078 shares in the company, valued at approximately $7,315,815.10. This trade represents a 2.10 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Consumer Portfolio Services Stock Down 0.4 %

Consumer Portfolio Services stock opened at $10.62 on Friday. Consumer Portfolio Services, Inc. has a one year low of $7.03 and a one year high of $12.04. The stock has a fifty day moving average of $10.04 and a 200 day moving average of $9.40. The company has a debt-to-equity ratio of 10.52, a quick ratio of 19.16 and a current ratio of 19.17. The stock has a market cap of $227.37 million, a PE ratio of 12.21 and a beta of 1.99.

Consumer Portfolio Services (NASDAQ:CPSS) last released its quarterly earnings results on Thursday, October 31st. The credit services provider reported $0.20 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.01). Consumer Portfolio Services had a net margin of 5.59% and a return on equity of 7.59%. The business had revenue of $100.58 million for the quarter, compared to analysts’ expectations of $98.34 million. As a group, sell-side analysts predict that Consumer Portfolio Services, Inc. will post 0.85 EPS for the current year.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Consumer Portfolio Services from a “strong-buy” rating to a “buy” rating in a research note on Friday.

Institutional Trading of Consumer Portfolio Services

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in shares of Consumer Portfolio Services by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 521,457 shares of the credit services provider’s stock valued at $3,942,000 after acquiring an additional 3,418 shares during the period. Bank of New York Mellon Corp raised its holdings in Consumer Portfolio Services by 1.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 99,481 shares of the credit services provider’s stock worth $975,000 after purchasing an additional 1,343 shares during the period. Empowered Funds LLC lifted its position in Consumer Portfolio Services by 5.3% during the third quarter. Empowered Funds LLC now owns 142,520 shares of the credit services provider’s stock valued at $1,337,000 after purchasing an additional 7,236 shares in the last quarter. Segall Bryant & Hamill LLC bought a new stake in Consumer Portfolio Services during the third quarter valued at about $445,000. Finally, Fisher Asset Management LLC bought a new stake in Consumer Portfolio Services during the third quarter valued at about $960,000. 47.57% of the stock is owned by hedge funds and other institutional investors.

About Consumer Portfolio Services

Consumer Portfolio Services, Inc operates as a specialty finance company in the United States. It is involved in the purchase and service of retail automobile contracts originated by franchised automobile dealers and select independent dealers in the sale of new and used automobiles, light trucks, and passenger vans.