Consumer Portfolio Services (NASDAQ:CPSS) Director Sells $150,600.00 in Stock

Consumer Portfolio Services, Inc. (NASDAQ:CPSS) Director Daniel Wood sold 20,000 shares of the business’s stock in a transaction on Friday, March 13th. The shares were sold at an average price of $7.53, for a total transaction of $150,600.00. Following the sale, the director directly owned 194,943 shares in the company, valued at approximately $1,467,920.79. This trade represents a 9.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Consumer Portfolio Services Stock Up 0.9%

Shares of Consumer Portfolio Services stock traded up $0.07 during midday trading on Tuesday, hitting $8.05. The company’s stock had a trading volume of 18,579 shares, compared to its average volume of 16,336. The firm has a market capitalization of $177.66 million, a P/E ratio of 10.06 and a beta of 1.05. The stock has a 50-day simple moving average of $8.45 and a 200-day simple moving average of $8.38. The company has a quick ratio of 9.27, a current ratio of 9.27 and a debt-to-equity ratio of 10.06. Consumer Portfolio Services, Inc. has a 1-year low of $6.67 and a 1-year high of $10.51.

Consumer Portfolio Services (NASDAQ:CPSS) last issued its quarterly earnings results on Tuesday, March 10th. The credit services provider reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.02). The business had revenue of $50.11 million for the quarter, compared to analysts’ expectations of $110.64 million. Consumer Portfolio Services had a net margin of 4.45% and a return on equity of 6.38%. As a group, sell-side analysts expect that Consumer Portfolio Services, Inc. will post 0.85 earnings per share for the current year.

Hedge Funds Weigh In On Consumer Portfolio Services

Several institutional investors and hedge funds have recently modified their holdings of the stock. Police & Firemen s Retirement System of New Jersey purchased a new stake in shares of Consumer Portfolio Services during the second quarter worth $29,000. Wells Fargo & Company MN grew its stake in Consumer Portfolio Services by 50.5% in the fourth quarter. Wells Fargo & Company MN now owns 10,744 shares of the credit services provider’s stock valued at $100,000 after purchasing an additional 3,605 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Consumer Portfolio Services by 17.4% in 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 in the last quarter. Barclays PLC increased its position in Consumer Portfolio Services by 12.2% in the 4th quarter. Barclays PLC now owns 17,049 shares of the credit services provider’s stock worth $159,000 after purchasing an additional 1,860 shares during the last quarter. Finally, Citadel Advisors LLC acquired a new position in Consumer Portfolio Services in the 3rd quarter worth about $163,000. 47.57% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Consumer Portfolio Services in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average 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.