Consumer Portfolio Services (NASDAQ:CPSS) CEO Charles Bradley, Jr. Sells 125,000 Shares

Consumer Portfolio Services, Inc. (NASDAQ:CPSS) CEO Charles Bradley, Jr. sold 125,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $9.46, for a total value of $1,182,500.00. Following the sale, the chief executive officer owned 4,099,545 shares of the company’s stock, valued at $38,781,695.70. This trade represents a 2.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Consumer Portfolio Services Stock Performance

NASDAQ:CPSS opened at $9.42 on Friday. The company has a debt-to-equity ratio of 10.43, a current ratio of 5.67 and a quick ratio of 5.67. The firm has a market cap of $203.10 million, a price-to-earnings ratio of 10.24 and a beta of 1.13. The firm’s fifty day moving average price is $9.38 and its 200 day moving average price is $8.97. Consumer Portfolio Services, Inc. has a 1-year low of $6.67 and a 1-year high of $10.49.

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

Analyst Upgrades and Downgrades

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

Institutional Trading of Consumer Portfolio Services

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Wells Fargo & Company MN boosted its holdings in Consumer Portfolio Services by 50.5% during the fourth quarter. Wells Fargo & Company MN now owns 10,744 shares of the credit services provider’s stock worth $100,000 after buying an additional 3,605 shares in the last quarter. Deutsche Bank AG purchased a new position in Consumer Portfolio Services in the second quarter valued at about $115,000. JPMorgan Chase & Co. lifted its position in shares of 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 valued at $119,000 after acquiring an additional 2,333 shares during the period. Barclays PLC lifted its position in shares of Consumer Portfolio Services by 12.2% during the 4th 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 period. Finally, Citadel Advisors LLC acquired a new stake in shares of Consumer Portfolio Services during the 3rd quarter valued at approximately $163,000. Institutional investors and hedge funds own 47.57% of the company’s stock.

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.