Consumer Portfolio Services, Inc. (NASDAQ:CPSS) Director William B. Roberts Sells 6,259 Shares

Consumer Portfolio Services, Inc. (NASDAQ:CPSS - Get Free Report) Director William B. Roberts sold 6,259 shares of the business's stock in a transaction on Friday, March 7th. The shares were sold at an average price of $9.41, for a total transaction of $58,897.19. Following the sale, the director now directly owns 690,078 shares of the company's stock, valued at $6,493,633.98. This represents a 0.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Consumer Portfolio Services Stock Down 1.8 %

Shares of CPSS stock traded down $0.17 during trading hours on Monday, reaching $9.25. 2,814 shares of the company's stock were exchanged, compared to its average volume of 32,766. Consumer Portfolio Services, Inc. has a fifty-two week low of $7.03 and a fifty-two week high of $12.73. The stock's 50 day moving average is $10.97 and its 200-day moving average is $10.27. The company has a current ratio of 19.17, a quick ratio of 19.16 and a debt-to-equity ratio of 10.52. The company has a market cap of $197.89 million, a price-to-earnings ratio of 10.70 and a beta of 2.14.

Consumer Portfolio Services (NASDAQ:CPSS - Get Free Report) last issued its earnings results on Tuesday, February 25th. The credit services provider reported $0.21 EPS for the quarter, missing analysts' consensus estimates of $0.27 by ($0.06). Consumer Portfolio Services had a return on equity of 7.59% and a net margin of 5.59%. The company had revenue of $105.30 million during the quarter, compared to analysts' expectations of $102.37 million. Analysts predict that Consumer Portfolio Services, Inc. will post 0.85 earnings per share for the current fiscal year.

Remove Ads

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Consumer Portfolio Services from a "buy" rating to a "strong-buy" rating in a report on Saturday.

Hedge Funds Weigh In On Consumer Portfolio Services

Several institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC grew its position in Consumer Portfolio Services by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 193,181 shares of the credit services provider's stock valued at $2,098,000 after buying an additional 2,411 shares during the period. State Street Corp grew its position in shares of Consumer Portfolio Services by 2.2% in the third quarter. State Street Corp now owns 186,220 shares of the credit services provider's stock valued at $1,747,000 after purchasing an additional 3,922 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of Consumer Portfolio Services by 1.9% in the fourth quarter. Empowered Funds LLC now owns 145,220 shares of the credit services provider's stock valued at $1,577,000 after purchasing an additional 2,700 shares during the last quarter. Verity & Verity LLC purchased a new position in Consumer Portfolio Services during the fourth quarter worth approximately $1,309,000. Finally, Fisher Asset Management LLC acquired a new position in Consumer Portfolio Services during the third quarter worth $960,000. 47.57% of the stock is owned by hedge funds and other institutional investors.

Consumer Portfolio Services Company Profile

Consumer Portfolio Services, Inc operates as a specialty finance company in the United States. It is involved in the purchase and service of retail automobile contracts originated by franchised automobile dealers and select independent dealers in the sale of new and used automobiles, light trucks, and passenger vans.