Consumer Portfolio Services, Inc. (NASDAQ:CPSS) Director Sells $38,628.00 in Stock

Consumer Portfolio Services, Inc. (NASDAQ:CPSS) Director William B. Roberts sold 4,176 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $9.25, for a total value of $38,628.00. Following the transaction, the director now owns 685,702 shares of the company’s stock, valued at $6,342,743.50. This trade represents a 0.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Consumer Portfolio Services Price Performance

CPSS stock opened at $9.27 on Thursday. The company has a quick ratio of 19.16, a current ratio of 19.17 and a debt-to-equity ratio of 10.52. The firm has a market cap of $198.42 million, a price-to-earnings ratio of 10.66 and a beta of 2.14. The company’s fifty day simple moving average is $10.88 and its 200 day simple moving average is $10.28. Consumer Portfolio Services, Inc. has a 12-month low of $7.03 and a 12-month high of $12.73.

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

Hedge Funds Weigh In On Consumer Portfolio Services

Institutional investors and hedge funds have recently made changes to their positions in the stock. Segall Bryant & Hamill LLC acquired a new position in shares of Consumer Portfolio Services during the third quarter worth approximately $445,000. State Street Corp raised its holdings in Consumer Portfolio Services by 2.2% during the third quarter. State Street Corp now owns 186,220 shares of the credit services provider’s stock worth $1,747,000 after buying an additional 3,922 shares during the last quarter. Verity & Verity LLC bought a new position in shares of Consumer Portfolio Services in the fourth quarter valued at $1,309,000. Empowered Funds LLC grew its holdings 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 buying an additional 2,700 shares during the last quarter. Finally, Barclays PLC increased its position in shares of Consumer Portfolio Services by 297.6% during the third 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 in the last quarter. Institutional investors own 47.57% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Consumer Portfolio Services from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 8th.

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.