Consumer Portfolio Services (NASDAQ:CPSS) VP Noel Jackson Sells 7,000 Shares

Consumer Portfolio Services, Inc. (NASDAQ:CPSS) VP Noel Jackson sold 7,000 shares of Consumer Portfolio Services stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $9.63, for a total value of $67,410.00. Following the completion of the transaction, the vice president owned 7,000 shares of the company’s stock, valued at approximately $67,410. The trade was a 50.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Consumer Portfolio Services Price Performance

Shares of CPSS opened at $9.65 on Thursday. The firm has a market cap of $209.41 million, a price-to-earnings ratio of 11.35 and a beta of 1.12. Consumer Portfolio Services, Inc. has a 52 week low of $6.67 and a 52 week high of $10.49. The company has a current ratio of 7.48, a quick ratio of 7.48 and a debt-to-equity ratio of 10.18. The stock has a 50 day moving average of $9.29 and a 200-day moving average of $8.79.

Consumer Portfolio Services (NASDAQ:CPSS) last announced its quarterly earnings results on Tuesday, May 5th. The credit services provider reported $0.24 earnings per share (EPS) for the quarter. The business had revenue of $52.27 million for the quarter. Consumer Portfolio Services had a return on equity of 6.54% and a net margin of 4.58%. As a group, analysts forecast that Consumer Portfolio Services, Inc. will post 1.45 EPS for the current year.

Hedge Funds Weigh In On Consumer Portfolio Services

A number of hedge funds have recently modified their holdings of CPSS. Goldman Sachs Group Inc. grew its holdings in shares of Consumer Portfolio Services by 17.8% in 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 last quarter. Empowered Funds LLC boosted its position in Consumer Portfolio Services by 3.8% during the first quarter. Empowered Funds LLC now owns 150,808 shares of the credit services provider’s stock valued at $1,308,000 after purchasing an additional 5,588 shares during the last quarter. Geode Capital Management LLC boosted its position in 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 purchasing an additional 16,563 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Consumer Portfolio Services by 17.4% during the third quarter. JPMorgan Chase & Co. now owns 15,739 shares of the credit services provider’s stock valued at $119,000 after purchasing an additional 2,333 shares during the last quarter. Finally, Citadel Advisors LLC acquired a new stake in shares of Consumer Portfolio Services in the third quarter worth about $163,000. 47.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Consumer Portfolio Services from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, May 1st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Consumer Portfolio Services currently has a consensus rating of “Sell”.

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.