Consumer Portfolio Services, Inc. (NASDAQ:CPSS) Director Sells $38,628.00 in Stock

Consumer Portfolio Services, Inc. (NASDAQ:CPSS) Director William B. Roberts sold 4,176 shares of the company’s stock in a transaction dated 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 directly owns 685,702 shares of the company’s stock, valued at approximately $6,342,743.50. The trade was a 0.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Consumer Portfolio Services Stock Up 0.8 %

Shares of CPSS traded up $0.07 during trading on Wednesday, reaching $9.27. The company’s stock had a trading volume of 35,658 shares, compared to its average volume of 32,892. The company has a market cap of $198.42 million, a price-to-earnings ratio of 10.66 and a beta of 2.14. The company has a quick ratio of 19.16, a current ratio of 19.17 and a debt-to-equity ratio of 10.52. The company has a fifty day moving average of $10.88 and a two-hundred day moving average of $10.28. Consumer Portfolio Services, Inc. has a twelve month low of $7.03 and a twelve month high of $12.73.

Consumer Portfolio Services (NASDAQ:CPSS) last posted its quarterly earnings results on Tuesday, February 25th. The credit services provider reported $0.21 earnings per share (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 company had revenue of $105.30 million during the quarter, compared to analyst estimates of $102.37 million. On average, sell-side 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

A number of institutional investors have recently modified their holdings of the stock. Wells Fargo & Company MN grew its stake in 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 worth $53,000 after purchasing an additional 984 shares in the last quarter. Barclays PLC raised its stake in Consumer Portfolio Services by 297.6% during 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. Bank of America Corp DE lifted its holdings in Consumer Portfolio Services by 21.8% during the 4th quarter. Bank of America Corp DE now owns 13,335 shares of the credit services provider’s stock worth $145,000 after buying an additional 2,383 shares during the last quarter. JPMorgan Chase & Co. grew 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 worth $317,000 after acquiring an additional 25,124 shares in the last quarter. Finally, Segall Bryant & Hamill LLC bought a new stake in shares of Consumer Portfolio Services in the 3rd quarter valued at approximately $445,000. Institutional investors and hedge funds own 47.57% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.