William B. Roberts Sells 15,000 Shares of Consumer Portfolio Services, Inc. (NASDAQ:CPSS) Stock

Consumer Portfolio Services, Inc. (NASDAQ:CPSS) Director William B. Roberts sold 15,000 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $10.49, for a total transaction of $157,350.00. Following the completion of the sale, the director now directly owns 770,078 shares in the company, valued at approximately $8,078,118.22. The trade was a 1.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Consumer Portfolio Services Price Performance

Shares of NASDAQ CPSS opened at $10.40 on Wednesday. Consumer Portfolio Services, Inc. has a twelve month low of $7.03 and a twelve month high of $12.04. The company has a market cap of $222.66 million, a PE ratio of 11.95 and a beta of 2.00. The business’s 50 day moving average price is $9.86 and its two-hundred day moving average price is $9.25. The company has a quick ratio of 19.16, a current ratio of 19.17 and a debt-to-equity ratio of 10.52.

Consumer Portfolio Services (NASDAQ:CPSS) last posted its quarterly earnings results on Thursday, October 31st. The credit services provider reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). Consumer Portfolio Services had a net margin of 5.59% and a return on equity of 7.59%. The business had revenue of $100.58 million during the quarter, compared to the consensus estimate of $98.34 million. On average, analysts predict that Consumer Portfolio Services, Inc. will post 0.85 EPS for the current year.

Institutional Trading of Consumer Portfolio Services

Hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp grew its stake in Consumer Portfolio Services by 1.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 99,481 shares of the credit services provider’s stock valued at $975,000 after buying an additional 1,343 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Consumer Portfolio Services by 0.7% in the first quarter. Vanguard Group Inc. now owns 521,457 shares of the credit services provider’s stock valued at $3,942,000 after purchasing an additional 3,418 shares during the last quarter. State Street Corp increased its stake in shares of 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 purchasing an additional 3,922 shares during the period. Janney Montgomery Scott LLC lifted its holdings in Consumer Portfolio Services by 9.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 50,005 shares of the credit services provider’s stock worth $378,000 after purchasing an additional 4,483 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in Consumer Portfolio Services by 229.7% in the 1st quarter. BNP Paribas Financial Markets now owns 9,051 shares of the credit services provider’s stock valued at $68,000 after purchasing an additional 6,306 shares during the period. Institutional investors and hedge funds own 47.57% of the company’s stock.

About Consumer Portfolio Services

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.