William B. Roberts Sells 5,000 Shares of Consumer Portfolio Services, Inc. (NASDAQ:CPSS) Stock

Consumer Portfolio Services, Inc. (NASDAQ:CPSS) Director William B. Roberts sold 5,000 shares of Consumer Portfolio Services stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $10.37, for a total transaction of $51,850.00. Following the sale, the director now owns 795,078 shares of the company’s stock, valued at approximately $8,244,958.86. The trade was a 0.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Consumer Portfolio Services Stock Performance

NASDAQ CPSS opened at $10.59 on Thursday. The business has a 50 day moving average price of $9.88 and a 200 day moving average price of $9.26. The company has a market capitalization of $226.68 million, a P/E ratio of 12.17 and a beta of 2.00. Consumer Portfolio Services, Inc. has a 1-year low of $7.03 and a 1-year high of $12.04. 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 Thursday, October 31st. The credit services provider reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). The firm had revenue of $100.58 million during the quarter, compared to analysts’ expectations of $98.34 million. Consumer Portfolio Services had a net margin of 5.59% and a return on equity of 7.59%. Sell-side analysts expect that Consumer Portfolio Services, Inc. will post 0.85 EPS for the current fiscal year.

Hedge Funds Weigh In On Consumer Portfolio Services

Several hedge funds have recently added to or reduced their stakes in CPSS. Fisher Asset Management LLC purchased a new stake in shares of Consumer Portfolio Services in the third quarter valued at about $960,000. Segall Bryant & Hamill LLC purchased a new stake in Consumer Portfolio Services during the 3rd quarter worth about $445,000. Barclays PLC raised its stake in Consumer Portfolio Services by 297.6% in the 3rd 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 during the last quarter. Empowered Funds LLC raised its position in shares of Consumer Portfolio Services by 5.3% in the third quarter. Empowered Funds LLC now owns 142,520 shares of the credit services provider’s stock valued at $1,337,000 after buying an additional 7,236 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its position in Consumer Portfolio Services by 229.7% during the first quarter. BNP Paribas Financial Markets now owns 9,051 shares of the credit services provider’s stock worth $68,000 after acquiring an additional 6,306 shares during the last quarter. 47.57% of the stock is currently owned by hedge funds and other institutional investors.

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.