Consumer Portfolio Services, Inc. (NASDAQ:CPSS) Director William B. Roberts Sells 6,259 Shares of Stock

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

Consumer Portfolio Services Price Performance

Shares of CPSS opened at $9.41 on Friday. Consumer Portfolio Services, Inc. has a 1-year low of $7.03 and a 1-year high of $12.73. The stock has a market cap of $201.42 million, a PE ratio of 10.82 and a beta of 2.14. The firm has a 50-day simple moving average of $11.00 and a two-hundred day simple moving average of $10.24. 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 announced its quarterly earnings results on Tuesday, February 25th. The credit services provider reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $105.30 million for the quarter, compared to analyst estimates of $102.37 million. As a group, analysts forecast that Consumer Portfolio Services, Inc. will post 0.85 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Consumer Portfolio Services

Institutional investors have recently made changes to their positions in the stock. Wells Fargo & Company MN grew its holdings in shares of Consumer Portfolio Services by 25.2% in the fourth quarter. Wells Fargo & Company MN now owns 4,883 shares of the credit services provider’s stock valued at $53,000 after purchasing an additional 984 shares in the last quarter. Barclays PLC grew its holdings in shares of 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 purchasing an additional 8,828 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Consumer Portfolio Services by 21.8% in the fourth quarter. Bank of America Corp DE now owns 13,335 shares of the credit services provider’s stock valued at $145,000 after purchasing an additional 2,383 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Consumer Portfolio Services by 620.5% in the fourth quarter. JPMorgan Chase & Co. now owns 29,173 shares of the credit services provider’s stock valued at $317,000 after purchasing an additional 25,124 shares in the last quarter. Finally, Segall Bryant & Hamill LLC acquired a new position in shares of Consumer Portfolio Services in the third quarter valued at approximately $445,000. 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.