Noel Jackson Sells 7,500 Shares of Consumer Portfolio Services (NASDAQ:CPSS) Stock

Consumer Portfolio Services, Inc. (NASDAQ:CPSS) VP Noel Jackson sold 7,500 shares of the stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $9.31, for a total value of $69,825.00. Following the completion of the sale, the vice president owned 7,500 shares of the company’s stock, valued at $69,825. The trade was a 50.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Noel Jackson also recently made the following trade(s):

• On Tuesday, June 16th, Noel Jackson sold 7,000 shares of Consumer Portfolio Services stock. The shares were sold at an average price of $9.63, for a total value of $67,410.00.

Consumer Portfolio Services Price Performance

Shares of Consumer Portfolio Services stock opened at $9.40 on Friday. The company has a market capitalization of $202.66 million, a price-to-earnings ratio of 10.22 and a beta of 1.11. The company has a quick ratio of 5.67, a current ratio of 5.67 and a debt-to-equity ratio of 10.43. The stock’s 50-day simple moving average is $9.34 and its 200-day simple moving average is $8.99. Consumer Portfolio Services, Inc. has a 52 week low of $7.30 and a 52 week 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 earnings per share (EPS) for the quarter. The firm had revenue of $57.14 million during the quarter. Consumer Portfolio Services had a return on equity of 6.91% and a net margin of 4.78%.

Institutional Investors Weigh In On Consumer Portfolio Services

Large investors have recently made changes to their positions in the company. Empowered Funds LLC purchased a new stake in shares of Consumer Portfolio Services during the 2nd quarter valued at about $1,456,000. Bank of New York Mellon Corp grew 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 acquiring an additional 2,026 shares in the last quarter. Janney Montgomery Scott LLC grew its position in Consumer Portfolio Services by 3.4% in the first quarter. Janney Montgomery Scott LLC now owns 51,003 shares of the credit services provider’s stock worth $394,000 after acquiring an additional 1,672 shares in the last quarter. Russell Investments Group Ltd. increased its stake in Consumer Portfolio Services by 6,347.2% during the fourth quarter. Russell Investments Group Ltd. now owns 97,740 shares of the credit services provider’s stock worth $912,000 after acquiring an additional 96,224 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in Consumer Portfolio Services by 17.8% during the first quarter. Goldman Sachs Group Inc. now owns 31,752 shares of the credit services provider’s stock worth $275,000 after acquiring an additional 4,789 shares during the last quarter. 47.57% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CPSS. Weiss Ratings lowered shares of Consumer Portfolio Services from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, August 28th. Wall Street Zen raised shares of Consumer Portfolio Services to a “hold” rating in a report on Saturday, July 18th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

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.