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

Consumer Portfolio Services, Inc. (NASDAQ:CPSS) Director William B. Roberts sold 15,000 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $10.45, for a total transaction of $156,750.00. Following the completion of the transaction, the director now owns 700,078 shares in the company, valued at $7,315,815.10. The trade was a 2.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Consumer Portfolio Services Stock Down 0.5 %

CPSS stock opened at $10.57 on Friday. The business’s 50-day moving average price is $10.08 and its 200-day moving average price is $9.43. The stock has a market cap of $226.25 million, a P/E ratio of 12.15 and a beta of 1.99. 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, Inc. has a twelve month low of $7.03 and a twelve month high of $12.04.

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Fisher Asset Management LLC bought a new stake in Consumer Portfolio Services during the third quarter valued at about $960,000. Segall Bryant & Hamill LLC purchased a new stake in shares of Consumer Portfolio Services during the third quarter worth about $445,000. Barclays PLC raised its stake in Consumer Portfolio Services by 297.6% during the 3rd quarter. Barclays PLC now owns 11,794 shares of the credit services provider’s stock valued at $110,000 after purchasing an additional 8,828 shares during the period. Empowered Funds LLC lifted its holdings in Consumer Portfolio Services by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 142,520 shares of the credit services provider’s stock worth $1,337,000 after purchasing an additional 7,236 shares in the last quarter. Finally, State Street Corp boosted its stake in Consumer Portfolio Services by 2.2% in the 3rd 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. Institutional investors own 47.57% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Consumer Portfolio Services from a “strong-buy” rating to a “buy” rating in a report on Friday.

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.