Consumer Portfolio Services, Inc. (NASDAQ:CPSS) Director Sells $31,140.00 in Stock

Consumer Portfolio Services, Inc. (NASDAQ:CPSS) Director Daniel S. Wood sold 3,000 shares of the business’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $10.38, for a total transaction of $31,140.00. Following the completion of the transaction, the director now owns 196,910 shares in the company, valued at approximately $2,043,925.80. The trade was a 1.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Consumer Portfolio Services Price Performance

Consumer Portfolio Services stock opened at $10.55 on Monday. The business’s 50 day simple moving average is $9.92 and its 200 day simple moving average is $9.29. Consumer Portfolio Services, Inc. has a 12 month low of $7.03 and a 12 month high of $12.04. The company has a market cap of $225.88 million, a price-to-earnings ratio of 12.13 and a beta of 2.00. 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 announced its quarterly earnings data on Thursday, October 31st. The credit services provider reported $0.20 earnings per share 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 firm had revenue of $100.58 million for the quarter, compared to the consensus estimate of $98.34 million. Sell-side analysts forecast that Consumer Portfolio Services, Inc. will post 0.85 EPS for the current year.

Hedge Funds Weigh In On Consumer Portfolio Services

Several institutional investors and hedge funds have recently bought and sold shares of CPSS. Vanguard Group Inc. boosted its holdings in shares of Consumer Portfolio Services by 0.7% in the first quarter. Vanguard Group Inc. now owns 521,457 shares of the credit services provider’s stock worth $3,942,000 after acquiring an additional 3,418 shares during the period. State Street Corp boosted its holdings in shares of Consumer Portfolio Services by 2.2% in the third quarter. State Street Corp now owns 186,220 shares of the credit services provider’s stock worth $1,747,000 after acquiring an additional 3,922 shares during the period. Empowered Funds LLC boosted its holdings in shares of Consumer Portfolio Services by 5.3% in the third quarter. Empowered Funds LLC now owns 142,520 shares of the credit services provider’s stock worth $1,337,000 after acquiring an additional 7,236 shares during the period. Fisher Asset Management LLC bought a new position in shares of Consumer Portfolio Services in the third quarter worth $960,000. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Consumer Portfolio Services by 1.4% in the second quarter. Bank of New York Mellon Corp now owns 99,481 shares of the credit services provider’s stock worth $975,000 after acquiring an additional 1,343 shares during the period. 47.57% of the stock is owned by institutional investors.

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.