Consumer Portfolio Services (NASDAQ:CPSS) VP Noel Jackson Sells 7,500 Shares of Stock

Consumer Portfolio Services, Inc. (NASDAQ:CPSS) VP Noel Jackson sold 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $9.31, for a total value of $69,825.00. Following the completion of the sale, the vice president owned 7,500 shares in the company, valued at approximately $69,825. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Noel Jackson also recently made the following trade(s):

• On Tuesday, June 16th, Noel Jackson sold 7,000 shares of Consumer Portfolio Services stock. The stock was sold at an average price of $9.63, for a total value of $67,410.00.

Consumer Portfolio Services Price Performance

Shares of CPSS traded down $0.33 during trading hours on Thursday, hitting $8.96. The stock had a trading volume of 35,850 shares, compared to its average volume of 21,430. The stock has a market capitalization of $193.24 million, a price-to-earnings ratio of 9.74 and a beta of 1.11. Consumer Portfolio Services, Inc. has a 52 week low of $7.15 and a 52 week high of $10.49. The company has a debt-to-equity ratio of 10.43, a current ratio of 5.67 and a quick ratio of 5.67. The company’s fifty day moving average is $9.36 and its two-hundred day moving average is $8.99.

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

Analyst Upgrades and Downgrades

A number of research firms have commented on CPSS. Wall Street Zen raised Consumer Portfolio Services to a “hold” rating in a research note on Saturday, July 18th. Weiss Ratings downgraded shares of Consumer Portfolio Services from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, August 28th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Wells Fargo & Company MN boosted its position in Consumer Portfolio Services by 50.5% in the 4th 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 acquired a new position in Consumer Portfolio Services during the 2nd quarter valued at about $115,000. JPMorgan Chase & Co. boosted its stake in shares of Consumer Portfolio Services by 17.4% in the 3rd 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. Barclays PLC lifted its holdings in Consumer Portfolio Services by 12.2% in the fourth quarter. Barclays PLC now owns 17,049 shares of the credit services provider’s stock valued at $159,000 after buying an additional 1,860 shares during the period. Finally, Citadel Advisors LLC bought a new position in Consumer Portfolio Services during the third quarter worth about $163,000. Institutional investors 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.