Insider Selling: Consumer Portfolio Services (NASDAQ:CPSS) VP Sells $67,410.00 in Stock

Consumer Portfolio Services, Inc. (NASDAQ:CPSS) VP Noel Jackson sold 7,000 shares of the stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $9.63, for a total value of $67,410.00. Following the sale, the vice president owned 7,000 shares of the company’s stock, valued at $67,410. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Consumer Portfolio Services Price Performance

CPSS opened at $9.74 on Friday. The company has a debt-to-equity ratio of 10.18, a current ratio of 7.48 and a quick ratio of 7.48. The stock’s 50 day simple moving average is $9.37 and its 200 day simple moving average is $8.81. The firm has a market cap of $211.36 million, a price-to-earnings ratio of 11.46 and a beta of 1.12. Consumer Portfolio Services, Inc. has a 1 year low of $6.67 and a 1 year high of $10.49.

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC lifted its holdings in Consumer Portfolio Services by 8.5% in the 2nd quarter. Geode Capital Management LLC now owns 212,555 shares of the credit services provider’s stock worth $2,090,000 after buying an additional 16,563 shares during the period. Empowered Funds LLC increased its stake in shares of 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 buying an additional 5,588 shares during the period. Russell Investments Group Ltd. increased its stake in shares of Consumer Portfolio Services by 6,347.2% during the fourth quarter. Russell Investments Group Ltd. now owns 97,740 shares of the credit services provider’s stock valued at $912,000 after buying an additional 96,224 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Consumer Portfolio Services by 17.8% during the first quarter. Goldman Sachs Group Inc. now owns 31,752 shares of the credit services provider’s stock valued at $275,000 after acquiring an additional 4,789 shares in the last quarter. Finally, Citadel Advisors LLC bought a new position in shares of Consumer Portfolio Services during the third quarter valued at approximately $163,000. Hedge funds and other institutional investors own 47.57% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.