Consumer Portfolio Services, Inc. (NASDAQ:CPSS) Director William B. Roberts Sells 4,176 Shares

Consumer Portfolio Services, Inc. (NASDAQ:CPSS - Get Free Report) Director William B. Roberts sold 4,176 shares of the business's stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $9.25, for a total value of $38,628.00. Following the transaction, the director now directly owns 685,702 shares of the company's stock, valued at $6,342,743.50. This represents a 0.61 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Consumer Portfolio Services Stock Performance

CPSS traded up $0.18 on Friday, hitting $8.69. 6,954 shares of the stock traded hands, compared to its average volume of 32,584. Consumer Portfolio Services, Inc. has a 52 week low of $7.03 and a 52 week high of $12.73. 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 firm has a market capitalization of $186.01 million, a PE ratio of 9.99 and a beta of 2.14. The business has a fifty day moving average price of $10.79 and a two-hundred day moving average price of $10.29.

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

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Hedge Funds Weigh In On Consumer Portfolio Services

Several institutional investors and hedge funds have recently added to or reduced their stakes in CPSS. Wells Fargo & Company MN grew its stake in shares of Consumer Portfolio Services by 25.2% in the 4th quarter. Wells Fargo & Company MN now owns 4,883 shares of the credit services provider's stock valued at $53,000 after purchasing an additional 984 shares during the period. Barclays PLC grew its stake in shares of Consumer Portfolio Services by 297.6% in the 3rd quarter. Barclays PLC now owns 11,794 shares of the credit services provider's stock valued at $110,000 after purchasing an additional 8,828 shares during the period. Bank of America Corp DE grew its stake in shares of Consumer Portfolio Services by 21.8% in the 4th quarter. Bank of America Corp DE now owns 13,335 shares of the credit services provider's stock valued at $145,000 after purchasing an additional 2,383 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Consumer Portfolio Services by 620.5% in the 4th quarter. JPMorgan Chase & Co. now owns 29,173 shares of the credit services provider's stock valued at $317,000 after purchasing an additional 25,124 shares during the period. Finally, Segall Bryant & Hamill LLC bought a new stake in shares of Consumer Portfolio Services in the 3rd quarter valued at approximately $445,000. 47.57% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com raised Consumer Portfolio Services from a "buy" rating to a "strong-buy" rating in a research report on Saturday, March 8th.

About Consumer Portfolio Services

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.