Noel Jackson Sells 7,000 Shares of Consumer Portfolio Services (NASDAQ:CPSS) Stock

Consumer Portfolio Services, Inc. (NASDAQ:CPSS) VP Noel Jackson sold 7,000 shares of the stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $9.63, for a total transaction of $67,410.00. Following the completion of the sale, the vice president owned 7,000 shares of the company’s stock, valued at approximately $67,410. The trade was a 50.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Consumer Portfolio Services Stock Up 0.9%

Shares of CPSS opened at $9.74 on Friday. The company has a quick ratio of 7.48, a current ratio of 7.48 and a debt-to-equity ratio of 10.18. The company has a 50-day moving average price of $9.33 and a two-hundred day moving average price of $8.80. The stock has a market cap of $211.36 million, a price-to-earnings ratio of 11.46 and a beta of 1.12. Consumer Portfolio Services, Inc. has a 12 month low of $6.67 and a 12 month high of $10.49.

Consumer Portfolio Services (NASDAQ:CPSS) last released its quarterly earnings results on Tuesday, May 5th. The credit services provider reported $0.24 EPS for the quarter. Consumer Portfolio Services had a net margin of 4.58% and a return on equity of 6.54%. The firm had revenue of $52.27 million for the quarter. Equities analysts predict that Consumer Portfolio Services, Inc. will post 1.45 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Consumer Portfolio Services from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, May 1st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Consumer Portfolio Services presently has an average rating of “Sell”.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Wells Fargo & Company MN increased its stake in shares of Consumer Portfolio Services by 50.5% in the 4th quarter. Wells Fargo & Company MN now owns 10,744 shares of the credit services provider’s stock valued at $100,000 after buying an additional 3,605 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Consumer Portfolio Services by 17.4% during the third quarter. JPMorgan Chase & Co. now owns 15,739 shares of the credit services provider’s stock valued at $119,000 after acquiring an additional 2,333 shares during the period. Barclays PLC boosted its holdings in Consumer Portfolio Services by 12.2% in the fourth quarter. Barclays PLC now owns 17,049 shares of the credit services provider’s stock valued at $159,000 after acquiring an additional 1,860 shares during the last quarter. Citadel Advisors LLC bought a new position in Consumer Portfolio Services in the third quarter valued at about $163,000. Finally, Bank of New York Mellon Corp increased its position in Consumer Portfolio Services by 9.6% in the first quarter. Bank of New York Mellon Corp now owns 23,022 shares of the credit services provider’s stock worth $178,000 after purchasing an additional 2,026 shares during the period. 47.57% of the stock is currently owned by institutional investors.

About Consumer Portfolio Services

Consumer Portfolio Services, Inc is a specialty finance company focused on originating and servicing retail installment contracts for the automotive industry. The company primarily serves subprime and near-prime borrowers by partnering with a network of franchised and independent auto dealers across the United States. By providing flexible financing solutions, CPS seeks to expand vehicle ownership opportunities for customers who may not qualify for traditional prime auto loans.

CPS operates through two principal segments: loan origination and servicing.