Consumer Portfolio Services, Inc. (NASDAQ:CPSS) Director Sells $58,897.19 in Stock

Consumer Portfolio Services, Inc. (NASDAQ:CPSS) Director William B. Roberts sold 6,259 shares of the firm’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $9.41, for a total transaction of $58,897.19. Following the completion of the transaction, the director now directly owns 690,078 shares in the company, valued at $6,493,633.98. This trade represents a 0.90 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Consumer Portfolio Services Stock Down 1.5 %

Consumer Portfolio Services stock opened at $9.41 on Monday. The company’s 50 day simple moving average is $10.97 and its 200 day simple moving average is $10.27. 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 market capitalization of $201.42 million, a price-to-earnings ratio of 10.82 and a beta of 2.14. The company has a debt-to-equity ratio of 10.52, a current ratio of 19.17 and a quick ratio of 19.16.

Consumer Portfolio Services (NASDAQ:CPSS) last released its quarterly earnings data on Tuesday, February 25th. The credit services provider reported $0.21 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $105.30 million for the quarter, compared to the consensus estimate of $102.37 million. As a group, sell-side analysts anticipate that Consumer Portfolio Services, Inc. will post 0.85 EPS for the current year.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Wells Fargo & Company MN boosted its stake in Consumer Portfolio Services by 25.2% during the 4th quarter. Wells Fargo & Company MN now owns 4,883 shares of the credit services provider’s stock worth $53,000 after acquiring an additional 984 shares during the last quarter. Barclays PLC boosted its stake in Consumer Portfolio Services by 297.6% during the 3rd quarter. Barclays PLC now owns 11,794 shares of the credit services provider’s stock worth $110,000 after acquiring an additional 8,828 shares during the last quarter. Bank of America Corp DE boosted its stake in Consumer Portfolio Services by 21.8% during 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 last quarter. JPMorgan Chase & Co. raised its holdings in Consumer Portfolio Services by 620.5% during the 4th quarter. JPMorgan Chase & Co. now owns 29,173 shares of the credit services provider’s stock worth $317,000 after buying an additional 25,124 shares during the period. Finally, Segall Bryant & Hamill LLC acquired a new stake in Consumer Portfolio Services during the 3rd quarter worth approximately $445,000. Institutional investors own 47.57% of the company’s stock.

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.