Insider Selling: Consumer Portfolio Services, Inc. (NASDAQ:CPSS) Director Sells 4,176 Shares of Stock

Consumer Portfolio Services, Inc. (NASDAQ:CPSS) Director William B. Roberts sold 4,176 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $9.25, for a total transaction of $38,628.00. Following the transaction, the director now directly owns 685,702 shares in the company, valued at $6,342,743.50. The trade was a 0.61 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

Consumer Portfolio Services Trading Up 0.8 %

Shares of CPSS traded up $0.07 during mid-day trading on Wednesday, reaching $9.27. The company had a trading volume of 35,658 shares, compared to its average volume of 32,892. Consumer Portfolio Services, Inc. has a fifty-two week low of $7.03 and a fifty-two week high of $12.73. The firm has a fifty day simple moving average of $10.88 and a 200-day simple moving average of $10.28. The stock has a market cap of $198.42 million, a price-to-earnings ratio of 10.66 and a beta of 2.14. The company has a current ratio of 19.17, a quick ratio of 19.16 and a debt-to-equity ratio of 10.52.

Consumer Portfolio Services (NASDAQ:CPSS) last posted its earnings results on Tuesday, February 25th. The credit services provider reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.06). Consumer Portfolio Services had a return on equity of 7.59% and a net margin of 5.59%. The business had revenue of $105.30 million for the quarter, compared to analyst estimates of $102.37 million. On average, sell-side analysts anticipate that Consumer Portfolio Services, Inc. will post 0.85 EPS for the current fiscal year.

Institutional Trading of Consumer Portfolio Services

Several large investors have recently added to or reduced their stakes in CPSS. Wells Fargo & Company MN boosted its position in shares of Consumer Portfolio Services by 25.2% in the fourth quarter. Wells Fargo & Company MN now owns 4,883 shares of the credit services provider’s stock worth $53,000 after buying an additional 984 shares during the period. Barclays PLC lifted its position in Consumer Portfolio Services by 11.5% during the 4th quarter. Barclays PLC now owns 13,147 shares of the credit services provider’s stock worth $143,000 after acquiring an additional 1,353 shares in the last quarter. Bank of America Corp DE boosted its holdings in Consumer Portfolio Services by 21.8% in the 4th quarter. Bank of America Corp DE now owns 13,335 shares of the credit services provider’s stock worth $145,000 after acquiring an additional 2,383 shares during the period. Geode Capital Management LLC grew its position in Consumer Portfolio Services by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 193,181 shares of the credit services provider’s stock valued at $2,098,000 after acquiring an additional 2,411 shares in the last quarter. Finally, Empowered Funds LLC raised its stake in shares of Consumer Portfolio Services by 1.9% during the fourth quarter. Empowered Funds LLC now owns 145,220 shares of the credit services provider’s stock valued at $1,577,000 after purchasing an additional 2,700 shares during the period. 47.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com upgraded Consumer Portfolio Services from a “buy” rating to a “strong-buy” rating in a report on Saturday.

Consumer Portfolio Services Company Profile

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.