Consumer Portfolio Services, Inc. (NASDAQ:CPSS) Director Daniel S. Wood Sells 8,000 Shares of Stock

Consumer Portfolio Services, Inc. (NASDAQ:CPSS) Director Daniel S. Wood sold 8,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $10.49, for a total value of $83,920.00. Following the sale, the director now directly owns 186,910 shares of the company’s stock, valued at $1,960,685.90. This represents a 4.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Consumer Portfolio Services Stock Performance

Shares of NASDAQ:CPSS opened at $10.55 on Friday. The business has a fifty day moving average of $9.92 and a 200-day moving average of $9.28. The company has a debt-to-equity ratio of 10.52, a quick ratio of 19.16 and a current ratio of 19.17. Consumer Portfolio Services, Inc. has a twelve month low of $7.03 and a twelve month high of $12.04. The firm has a market cap of $225.88 million, a PE ratio of 12.13 and a beta of 2.00.

Consumer Portfolio Services (NASDAQ:CPSS) last announced its 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 return on equity of 7.59% and a net margin of 5.59%. The company had revenue of $100.58 million during the quarter, compared to the consensus estimate of $98.34 million. On average, equities research analysts predict that Consumer Portfolio Services, Inc. will post 0.85 EPS for the current fiscal year.

Institutional Investors Weigh In On Consumer Portfolio Services

Several hedge funds have recently bought and sold shares of CPSS. BNP Paribas Financial Markets lifted its holdings in shares of Consumer Portfolio Services by 229.7% during 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 in the last quarter. Barclays PLC lifted its stake in Consumer Portfolio Services by 297.6% in the third quarter. Barclays PLC now owns 11,794 shares of the credit services provider’s stock valued at $110,000 after buying an additional 8,828 shares in the last quarter. Segall Bryant & Hamill LLC acquired a new position in shares of Consumer Portfolio Services in the third quarter valued at approximately $445,000. Fisher Asset Management LLC bought a new stake in shares of Consumer Portfolio Services during the third quarter worth $960,000. Finally, Bank of New York Mellon Corp increased its position in shares of Consumer Portfolio Services by 1.4% during the second quarter. Bank of New York Mellon Corp now owns 99,481 shares of the credit services provider’s stock worth $975,000 after acquiring an additional 1,343 shares in the last quarter. 47.57% of the stock is currently owned by institutional investors and hedge funds.

Consumer Portfolio Services Company Profile

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.