Consumer Portfolio Services (NASDAQ:CPSS) CEO Charles Bradley, Jr. Sells 200,000 Shares of Company Stock

Consumer Portfolio Services, Inc. (NASDAQ:CPSS) CEO Charles Bradley, Jr. sold 200,000 shares of the company’s stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $10.14, for a total transaction of $2,028,000.00. Following the completion of the transaction, the chief executive officer owned 3,899,545 shares in the company, valued at $39,541,386.30. This trade represents a 4.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Consumer Portfolio Services Price Performance

Shares of NASDAQ:CPSS opened at $10.17 on Friday. The firm has a market cap of $222.21 million, a price-to-earnings ratio of 9.97 and a beta of 1.10. Consumer Portfolio Services, Inc. has a fifty-two week low of $7.46 and a fifty-two week high of $10.49. The business has a 50-day simple moving average of $9.40 and a two-hundred day simple moving average of $9.05. The company has a debt-to-equity ratio of 11.33, a quick ratio of 5.67 and a current ratio of 5.79.

Consumer Portfolio Services (NASDAQ:CPSS) last released its quarterly earnings data on Friday, October 23rd. The credit services provider reported $0.30 EPS for the quarter. The firm had revenue of $61.39 million for the quarter. Consumer Portfolio Services had a return on equity of 7.48% and a net margin of 4.99%.

Institutional Investors Weigh In On Consumer Portfolio Services

Several hedge funds have recently modified their holdings of the business. BlackRock Inc. acquired a new stake in Consumer Portfolio Services during the 2nd quarter worth approximately $6,297,000. Empowered Funds LLC bought a new position in shares of Consumer Portfolio Services during the 2nd quarter valued at approximately $1,456,000. Russell Investments Group Ltd. increased its position in Consumer Portfolio Services by 398.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 74,080 shares of the credit services provider’s stock valued at $679,000 after buying an additional 59,226 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in Consumer Portfolio Services by 3.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 51,003 shares of the credit services provider’s stock worth $394,000 after acquiring an additional 1,672 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Consumer Portfolio Services in the second quarter valued at $221,000. 47.57% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CPSS has been the topic of several research analyst reports. Wall Street Zen raised Consumer Portfolio Services from a “hold” rating to a “buy” rating in a report on Saturday. Weiss Ratings raised shares of Consumer Portfolio Services from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, September 14th. One equities research analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Consumer Portfolio Services Company Profile

Consumer Portfolio Services, Inc (NASDAQ: CPSS) is a specialty finance company that provides indirect automobile financing to consumers, primarily those with limited or impaired credit histories. The company works with franchised and independent automobile dealers to arrange financing for purchasers of new and used vehicles.

Consumer Portfolio Services typically purchases retail installment sales contracts originated by its dealer partners and then services the related automotive loans.