Insider Selling: Consumer Portfolio Services, Inc. (NASDAQ:CPSS) Director Sells 10,000 Shares of Stock

Consumer Portfolio Services, Inc. (NASDAQ:CPSS) Director William B. Roberts sold 10,000 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $10.64, for a total transaction of $106,400.00. Following the transaction, the director now owns 745,078 shares in the company, valued at $7,927,629.92. This represents a 1.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Consumer Portfolio Services Price Performance

CPSS opened at $10.22 on Thursday. The company has a debt-to-equity ratio of 10.52, a quick ratio of 19.16 and a current ratio of 19.17. The stock has a market capitalization of $218.81 million, a P/E ratio of 11.86 and a beta of 2.00. The company’s 50-day simple moving average is $9.95 and its two-hundred day simple moving average is $9.32. Consumer Portfolio Services, Inc. has a 52-week low of $7.03 and a 52-week high of $12.04.

Consumer Portfolio Services (NASDAQ:CPSS) last issued its quarterly earnings data on Thursday, October 31st. The credit services provider reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.01). Consumer Portfolio Services had a return on equity of 7.59% and a net margin of 5.59%. The business had revenue of $100.58 million during the quarter, compared to the consensus estimate of $98.34 million. As a group, analysts predict that Consumer Portfolio Services, Inc. will post 0.85 EPS for the current year.

Hedge Funds Weigh In On Consumer Portfolio Services

Several institutional investors have recently made changes to their positions in CPSS. Fisher Asset Management LLC bought a new position in shares of Consumer Portfolio Services in the 3rd quarter worth approximately $960,000. Segall Bryant & Hamill LLC bought a new position in shares of Consumer Portfolio Services in the 3rd quarter worth approximately $445,000. Barclays PLC lifted 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 worth $110,000 after purchasing an additional 8,828 shares during the period. Empowered Funds LLC lifted its stake in shares of Consumer Portfolio Services by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 142,520 shares of the credit services provider’s stock worth $1,337,000 after purchasing an additional 7,236 shares during the period. Finally, BNP Paribas Financial Markets lifted its stake in shares of Consumer Portfolio Services by 229.7% in the 1st quarter. BNP Paribas Financial Markets now owns 9,051 shares of the credit services provider’s stock worth $68,000 after purchasing an additional 6,306 shares during the period. Institutional investors own 47.57% of the company’s stock.

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.