Catrina Marie Ralston Sells 3,617 Shares of Consumer Portfolio Services (NASDAQ:CPSS) Stock

Consumer Portfolio Services, Inc. (NASDAQ:CPSS) VP Catrina Marie Ralston sold 3,617 shares of Consumer Portfolio Services stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $9.50, for a total transaction of $34,361.50. Following the transaction, the vice president directly owned 68,262 shares of the company’s stock, valued at $648,489. This represents a 5.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Catrina Marie Ralston also recently made the following trade(s):

• On Monday, August 10th, Catrina Marie Ralston sold 916 shares of Consumer Portfolio Services stock. The shares were sold at an average price of $9.50, for a total transaction of $8,702.00.
• On Friday, August 7th, Catrina Marie Ralston sold 467 shares of Consumer Portfolio Services stock. The shares were sold at an average price of $9.50, for a total transaction of $4,436.50.

Consumer Portfolio Services Stock Performance

Shares of Consumer Portfolio Services stock opened at $9.51 on Friday. The company has a current ratio of 5.67, a quick ratio of 7.48 and a debt-to-equity ratio of 10.43. The business has a 50-day moving average price of $9.43 and a two-hundred day moving average price of $8.92. Consumer Portfolio Services, Inc. has a 1-year low of $6.67 and a 1-year high of $10.49. The company has a market cap of $204.99 million, a P/E ratio of 10.34 and a beta of 1.13.

Consumer Portfolio Services (NASDAQ:CPSS) last announced its quarterly earnings data on Tuesday, August 4th. The credit services provider reported $0.27 earnings per share (EPS) for the quarter. Consumer Portfolio Services had a return on equity of 6.91% and a net margin of 4.78%.The company had revenue of $57.14 million for the quarter.

Hedge Funds Weigh In On Consumer Portfolio Services

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Wells Fargo & Company MN grew 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. Deutsche Bank AG acquired a new position in Consumer Portfolio Services during the 2nd quarter worth approximately $115,000. JPMorgan Chase & Co. raised its stake in Consumer Portfolio Services by 17.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 15,739 shares of the credit services provider’s stock worth $119,000 after buying 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 worth $159,000 after acquiring an additional 1,860 shares in the last quarter. Finally, Citadel Advisors LLC bought a new position in Consumer Portfolio Services in the third quarter worth approximately $163,000. Institutional investors own 47.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on CPSS shares. Weiss Ratings raised Consumer Portfolio Services from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, July 1st. Wall Street Zen upgraded shares of Consumer Portfolio Services to a “hold” rating in a research note on Saturday, July 18th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold”.

Consumer Portfolio Services Company Profile

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.