Insider Selling: Consumer Portfolio Services (NASDAQ:CPSS) CEO Sells 125,000 Shares

Consumer Portfolio Services, Inc. (NASDAQ:CPSS) CEO Charles Bradley, Jr. sold 125,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $9.46, for a total transaction of $1,182,500.00. Following the sale, the chief executive officer owned 4,099,545 shares in the company, valued at approximately $38,781,695.70. The trade was a 2.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Consumer Portfolio Services Price Performance

NASDAQ:CPSS traded up $0.04 during trading hours on Friday, hitting $9.42. 18,679 shares of the stock traded hands, compared to its average volume of 21,253. The company has a market cap of $203.05 million, a price-to-earnings ratio of 10.24 and a beta of 1.13. Consumer Portfolio Services, Inc. has a 1 year low of $6.67 and a 1 year high of $10.49. The stock has a 50 day moving average price of $9.39 and a 200 day moving average price of $8.97. The company has a quick ratio of 5.67, a current ratio of 5.67 and a debt-to-equity ratio of 10.43.

Consumer Portfolio Services (NASDAQ:CPSS) last announced its quarterly earnings data on Tuesday, August 4th. The credit services provider reported $0.27 earnings per share (EPS) for the quarter. The firm had revenue of $57.14 million during 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

A number of equities research analysts have issued reports on the company. Wall Street Zen upgraded Consumer Portfolio Services to a “hold” rating in a research note on Saturday, July 18th. Weiss Ratings upgraded Consumer Portfolio Services from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, July 1st. One equities research 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 CPSS. Wells Fargo & Company MN raised its position in shares of Consumer Portfolio Services by 50.5% during the fourth quarter. Wells Fargo & Company MN now owns 10,744 shares of the credit services provider’s stock valued at $100,000 after buying an additional 3,605 shares during the last quarter. Deutsche Bank AG bought a new position in shares of Consumer Portfolio Services during the second quarter worth $115,000. JPMorgan Chase & Co. grew its stake 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 acquiring an additional 2,333 shares in the last quarter. Barclays PLC grew its stake in Consumer Portfolio Services by 12.2% during the fourth quarter. Barclays PLC now owns 17,049 shares of the credit services provider’s stock valued at $159,000 after acquiring an additional 1,860 shares in the last quarter. Finally, Citadel Advisors LLC bought a new stake in Consumer Portfolio Services in the 3rd quarter valued at $163,000. 47.57% of the stock is owned by hedge funds and other institutional investors.

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.