William B. Roberts Sells 4,176 Shares of Consumer Portfolio Services, Inc. (NASDAQ:CPSS) Stock

Consumer Portfolio Services, Inc. (NASDAQ:CPSS) Director William B. Roberts sold 4,176 shares of the stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $9.25, for a total transaction of $38,628.00. Following the completion of the transaction, the director now owns 685,702 shares of the company’s stock, valued at $6,342,743.50. This trade represents a 0.61 % 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 Up 2.1 %

CPSS stock opened at $8.69 on Friday. Consumer Portfolio Services, Inc. has a 12 month low of $7.03 and a 12 month high of $12.73. The firm has a market cap of $186.01 million, a PE ratio of 9.99 and a beta of 2.14. The firm has a 50 day simple moving average of $10.79 and a 200 day simple moving average of $10.27. The company has a debt-to-equity ratio of 10.52, a current ratio of 19.17 and a quick ratio of 19.16.

Consumer Portfolio Services (NASDAQ:CPSS) last released its earnings results on Tuesday, February 25th. The credit services provider reported $0.21 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.06). Consumer Portfolio Services had a net margin of 5.59% and a return on equity of 7.59%. The business had revenue of $105.30 million for the quarter, compared to analyst estimates of $102.37 million. Equities research analysts forecast that Consumer Portfolio Services, Inc. will post 0.85 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Consumer Portfolio Services from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 8th.

Institutional Trading of Consumer Portfolio Services

Several institutional investors and hedge funds have recently added to or reduced their stakes in CPSS. Wells Fargo & Company MN lifted its position in shares of Consumer Portfolio Services by 25.2% in the 4th quarter. Wells Fargo & Company MN now owns 4,883 shares of the credit services provider’s stock valued at $53,000 after acquiring an additional 984 shares in the last quarter. Barclays PLC lifted its position in shares of Consumer Portfolio Services by 297.6% in the 3rd quarter. Barclays PLC now owns 11,794 shares of the credit services provider’s stock valued at $110,000 after acquiring an additional 8,828 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Consumer Portfolio Services by 21.8% in the 4th quarter. Bank of America Corp DE now owns 13,335 shares of the credit services provider’s stock valued at $145,000 after acquiring an additional 2,383 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Consumer Portfolio Services by 620.5% in the 4th quarter. JPMorgan Chase & Co. now owns 29,173 shares of the credit services provider’s stock valued at $317,000 after acquiring an additional 25,124 shares in the last quarter. Finally, Segall Bryant & Hamill LLC purchased a new stake in shares of Consumer Portfolio Services in the 3rd quarter valued at approximately $445,000. 47.57% of the stock is 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.