Consumer Portfolio Services (NASDAQ:CPSS) VP Catrina Marie Ralston Sells 3,617 Shares

Consumer Portfolio Services, Inc. (NASDAQ:CPSS) VP Catrina Marie Ralston sold 3,617 shares of the company’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $9.50, for a total value of $34,361.50. Following the sale, the vice president owned 68,262 shares of the company’s stock, valued at approximately $648,489. This represents a 5.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Catrina Marie Ralston also recently made the following trade(s):

• On Monday, August 10th, Catrina Marie Ralston sold 916 shares of Consumer Portfolio Services stock. The shares were sold at an average price of $9.50, for a total value of $8,702.00.
• On Friday, August 7th, Catrina Marie Ralston sold 467 shares of Consumer Portfolio Services stock. The shares were sold at an average price of $9.50, for a total value of $4,436.50.

Consumer Portfolio Services Stock Down 1.3%

Shares of NASDAQ CPSS opened at $9.51 on Friday. The company has a market cap of $205.04 million, a price-to-earnings ratio of 10.34 and a beta of 1.13. The company has a current ratio of 5.67, a quick ratio of 7.48 and a debt-to-equity ratio of 10.43. Consumer Portfolio Services, Inc. has a 12 month low of $6.67 and a 12 month high of $10.49. The stock has a 50-day moving average price of $9.43 and a two-hundred day moving average price of $8.92.

Consumer Portfolio Services (NASDAQ:CPSS) last posted its quarterly earnings results on Tuesday, August 4th. The credit services provider reported $0.27 earnings per share for the quarter. The company had revenue of $57.14 million for the quarter. Consumer Portfolio Services had a net margin of 4.78% and a return on equity of 6.91%.

Analysts Set New Price Targets

CPSS has been the subject of several research analyst reports. Weiss Ratings upgraded shares of Consumer Portfolio Services from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, July 1st. Wall Street Zen raised Consumer Portfolio Services to a “hold” rating in a report on Saturday, July 18th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, Consumer Portfolio Services presently has a consensus rating of “Hold”.

Institutional Investors Weigh In On Consumer Portfolio Services

A number of institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new position in shares of Consumer Portfolio Services during the second quarter valued at $6,297,000. Russell Investments Group Ltd. grew its stake in shares of Consumer Portfolio Services by 6,347.2% in the fourth quarter. Russell Investments Group Ltd. now owns 97,740 shares of the credit services provider’s stock worth $912,000 after purchasing an additional 96,224 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Consumer Portfolio Services in the second quarter worth $221,000. Citadel Advisors LLC acquired a new stake in Consumer Portfolio Services in the third quarter valued at $163,000. Finally, Geode Capital Management LLC increased its holdings in Consumer Portfolio Services by 8.5% in 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 purchasing an additional 16,563 shares during the period. 47.57% of the stock is owned by institutional investors.

About Consumer Portfolio Services

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.