Key Points
- VP Catrina Marie Ralston sold 3,617 CPSS shares at $9.50 each, totaling $34,361.50, reducing her direct ownership by 5.03% to 68,262 shares. She also sold 1,383 shares in two earlier August transactions.
- Consumer Portfolio Services reported quarterly earnings of $0.27 per share on $57.14 million in revenue. The stock opened at $9.51, with a market capitalization of approximately $205 million.
- Analyst sentiment remains cautious, with CPSS holding a consensus “Hold” rating after two firms upgraded the stock from sell or unspecified ratings. Institutional investors and hedge funds own 47.57% of the company.
Consumer Portfolio Services, Inc. (NASDAQ:CPSS - Get Free Report) VP Catrina Marie Ralston sold 3,617 shares of Consumer Portfolio Services stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $9.50, for a total value of $34,361.50. Following the completion of the transaction, the vice president directly owned 68,262 shares in the company, valued at approximately $648,489. This represents a 5.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Catrina Marie Ralston also recently made the following trade(s):
- On Monday, August 10th, Catrina Marie Ralston sold 916 shares of Consumer Portfolio Services stock. The shares were sold at an average price of $9.50, for a total transaction of $8,702.00.
- On Friday, August 7th, Catrina Marie Ralston sold 467 shares of Consumer Portfolio Services stock. The stock was sold at an average price of $9.50, for a total transaction of $4,436.50.
Consumer Portfolio Services Trading Down 1.3%
NASDAQ:CPSS opened at $9.51 on Friday. The firm's fifty day moving average is $9.43 and its 200-day moving average is $8.92. The company has a debt-to-equity ratio of 10.43, a quick ratio of 7.48 and a current ratio of 5.67. Consumer Portfolio Services, Inc. has a 52 week low of $6.67 and a 52 week high of $10.49. The firm has a market cap of $205.04 million, a P/E ratio of 10.34 and a beta of 1.13.
Consumer Portfolio Services (NASDAQ:CPSS - Get Free Report) last announced its earnings results on Tuesday, August 4th. The credit services provider reported $0.27 earnings per share for the quarter. The business had revenue of $57.14 million during the quarter. Consumer Portfolio Services had a net margin of 4.78% and a return on equity of 6.91%.
Analyst Ratings Changes
CPSS has been the subject of several research analyst reports. Weiss Ratings raised Consumer Portfolio Services from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Wednesday, July 1st. Wall Street Zen raised Consumer Portfolio Services to a "hold" rating in a research note on Saturday, July 18th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of "Hold".
Read Our Latest Stock Analysis on CPSS
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. Wells Fargo & Company MN boosted its stake in Consumer Portfolio Services by 50.5% during the fourth quarter. Wells Fargo & Company MN now owns 10,744 shares of the credit services provider's stock worth $100,000 after acquiring an additional 3,605 shares in the last quarter. Deutsche Bank AG bought a new stake in Consumer Portfolio Services in the second quarter valued at $115,000. JPMorgan Chase & Co. raised its holdings in shares of 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 purchasing an additional 2,333 shares during the period. Barclays PLC raised its holdings in shares of Consumer Portfolio Services by 12.2% during the fourth quarter. Barclays PLC now owns 17,049 shares of the credit services provider's stock valued at $159,000 after purchasing an additional 1,860 shares during the period. Finally, Citadel Advisors LLC bought a new position in shares of Consumer Portfolio Services during the 3rd quarter worth about $163,000. 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 is a specialty finance company focused on originating and servicing retail installment contracts for the automotive industry. The company primarily serves subprime and near-prime borrowers by partnering with a network of franchised and independent auto dealers across the United States. By providing flexible financing solutions, CPS seeks to expand vehicle ownership opportunities for customers who may not qualify for traditional prime auto loans.
CPS operates through two principal segments: loan origination and servicing.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
