Consumer Portfolio Services (NASDAQ:CPSS) Director Daniel Wood Sells 20,000 Shares of Stock

Consumer Portfolio Services, Inc. (NASDAQ:CPSS) Director Daniel Wood sold 20,000 shares of the stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $7.53, for a total transaction of $150,600.00. Following the sale, the director directly owned 194,943 shares of the company’s stock, valued at $1,467,920.79. The trade was a 9.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Consumer Portfolio Services Price Performance

Shares of CPSS opened at $8.05 on Wednesday. The company has a 50 day moving average of $8.45 and a two-hundred day moving average of $8.38. The company has a quick ratio of 9.27, a current ratio of 9.27 and a debt-to-equity ratio of 10.06. Consumer Portfolio Services, Inc. has a twelve month low of $6.67 and a twelve month high of $10.51. The company has a market cap of $177.66 million, a price-to-earnings ratio of 10.06 and a beta of 1.05.

Consumer Portfolio Services (NASDAQ:CPSS) last issued its quarterly earnings results on Tuesday, March 10th. The credit services provider reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.02). Consumer Portfolio Services had a return on equity of 6.38% and a net margin of 4.45%.The business had revenue of $50.11 million for the quarter, compared to analyst estimates of $110.64 million. As a group, analysts predict that Consumer Portfolio Services, Inc. will post 0.85 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Consumer Portfolio Services in a research note on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of CPSS. Geode Capital Management LLC grew its holdings in shares of Consumer Portfolio Services by 8.5% during the second quarter. Geode Capital Management LLC now owns 212,555 shares of the credit services provider’s stock valued at $2,090,000 after buying an additional 16,563 shares during the last quarter. Empowered Funds LLC increased its position in shares of Consumer Portfolio Services by 3.8% in the 1st quarter. Empowered Funds LLC now owns 150,808 shares of the credit services provider’s stock valued at $1,308,000 after acquiring an additional 5,588 shares during the period. Russell Investments Group Ltd. raised its stake in Consumer Portfolio Services by 6,347.2% in the 4th quarter. Russell Investments Group Ltd. now owns 97,740 shares of the credit services provider’s stock worth $912,000 after acquiring an additional 96,224 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Consumer Portfolio Services by 17.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 31,752 shares of the credit services provider’s stock worth $275,000 after acquiring an additional 4,789 shares during the period. Finally, Citadel Advisors LLC acquired a new stake in Consumer Portfolio Services during the 3rd quarter worth about $163,000. Institutional investors and hedge funds own 47.57% of the company’s stock.

Consumer Portfolio Services Company Profile

Consumer Portfolio Services, Inc is a specialty finance company focused on originating and servicing retail installment contracts for the automotive industry. The company primarily serves subprime and near-prime borrowers by partnering with a network of franchised and independent auto dealers across the United States. By providing flexible financing solutions, CPS seeks to expand vehicle ownership opportunities for customers who may not qualify for traditional prime auto loans.

CPS operates through two principal segments: loan origination and servicing.