Insider Selling: Consumer Portfolio Services, Inc. (NASDAQ:CPSS) Director Sells 6,259 Shares of Stock

Consumer Portfolio Services, Inc. (NASDAQ:CPSS) Director William B. Roberts sold 6,259 shares of the business’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $9.41, for a total value of $58,897.19. Following the sale, the director now owns 690,078 shares in the company, valued at approximately $6,493,633.98. This trade represents a 0.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Consumer Portfolio Services Stock Performance

NASDAQ:CPSS opened at $9.41 on Friday. The stock has a market cap of $201.42 million, a P/E ratio of 10.82 and a beta of 2.14. The company has a current ratio of 19.17, a quick ratio of 19.16 and a debt-to-equity ratio of 10.52. The stock’s 50-day moving average is $10.97 and its 200-day moving average is $10.26. Consumer Portfolio Services, Inc. has a 1-year low of $7.03 and a 1-year high of $12.73.

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

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Consumer Portfolio Services

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC lifted its stake in shares of Consumer Portfolio Services by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 193,181 shares of the credit services provider’s stock worth $2,098,000 after acquiring an additional 2,411 shares during the period. State Street Corp lifted its stake in shares of Consumer Portfolio Services by 2.2% in the third quarter. State Street Corp now owns 186,220 shares of the credit services provider’s stock worth $1,747,000 after acquiring an additional 3,922 shares during the period. Empowered Funds LLC lifted its stake in shares of Consumer Portfolio Services by 1.9% in the fourth quarter. Empowered Funds LLC now owns 145,220 shares of the credit services provider’s stock worth $1,577,000 after acquiring an additional 2,700 shares during the period. Verity & Verity LLC acquired a new position in shares of Consumer Portfolio Services in the fourth quarter worth approximately $1,309,000. Finally, Fisher Asset Management LLC acquired a new position in shares of Consumer Portfolio Services in the third quarter worth approximately $960,000. 47.57% of the stock is owned by institutional investors and hedge funds.

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.