Consumer Portfolio Services, Inc. (NASDAQ:CPSS - Get Free Report) Director William Roberts sold 100,000 shares of the company's stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $8.69, for a total transaction of $869,000.00. Following the completion of the transaction, the director owned 485,702 shares of the company's stock, valued at $4,220,750.38. This trade represents a 17.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Consumer Portfolio Services Price Performance
CPSS opened at $8.48 on Tuesday. Consumer Portfolio Services, Inc. has a twelve month low of $6.67 and a twelve month high of $12.73. The firm has a market cap of $187.15 million, a price-to-earnings ratio of 10.60 and a beta of 1.05. The company has a current ratio of 9.27, a quick ratio of 9.27 and a debt-to-equity ratio of 10.06. The company has a fifty day simple moving average of $8.09 and a 200 day simple moving average of $8.58.
Consumer Portfolio Services (NASDAQ:CPSS - Get Free Report) last posted its quarterly earnings data on Monday, November 10th. The credit services provider reported $0.20 earnings per share for the quarter, missing analysts' consensus estimates of $0.25 by ($0.05). The firm had revenue of $49.32 million during the quarter, compared to analysts' expectations of $111.49 million. Consumer Portfolio Services had a net margin of 4.53% and a return on equity of 6.49%. Equities research analysts expect that Consumer Portfolio Services, Inc. will post 0.85 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reissued a "sell (d)" rating on shares of Consumer Portfolio Services in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Consumer Portfolio Services has a consensus rating of "Sell".
View Our Latest Research Report on CPSS
Institutional Investors Weigh In On Consumer Portfolio Services
Institutional investors have recently modified their holdings of the stock. Police & Firemen s Retirement System of New Jersey bought a new position in shares of Consumer Portfolio Services during the second quarter worth about $29,000. JPMorgan Chase & Co. raised its stake in Consumer Portfolio Services by 17.4% during the third quarter. JPMorgan Chase & Co. now owns 15,739 shares of the credit services provider's stock valued at $119,000 after buying an additional 2,333 shares in the last quarter. Citadel Advisors LLC bought a new position in Consumer Portfolio Services during the 3rd quarter worth approximately $163,000. Voya Investment Management LLC grew its position in shares of Consumer Portfolio Services by 67.3% in the 1st quarter. Voya Investment Management LLC now owns 24,958 shares of the credit services provider's stock worth $216,000 after acquiring an additional 10,037 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Consumer Portfolio Services by 17.8% in the 1st 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 during the last quarter. Institutional investors and hedge funds own 47.57% of the company's stock.
Consumer Portfolio Services Company Profile
(
Get Free Report)
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.
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