Consumer Portfolio Services, Inc. (NASDAQ:CPSS - Get Free Report) CEO Charles Bradley, Jr. sold 125,000 shares of the company's stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $9.46, for a total value of $1,182,500.00. Following the completion of the sale, the chief executive officer directly owned 4,099,545 shares in the company, valued at $38,781,695.70. This trade represents a 2.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Consumer Portfolio Services Trading Up 0.4%
Shares of CPSS stock opened at $9.42 on Friday. The stock has a market cap of $203.10 million, a P/E ratio of 10.24 and a beta of 1.13. The company has a quick ratio of 5.67, a current ratio of 5.67 and a debt-to-equity ratio of 10.43. Consumer Portfolio Services, Inc. has a fifty-two week low of $6.67 and a fifty-two week high of $10.49. The business has a fifty day simple moving average of $9.38 and a 200-day simple moving average of $8.97.
Consumer Portfolio Services (NASDAQ:CPSS - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The credit services provider reported $0.27 EPS for the quarter. The business had revenue of $57.14 million for the quarter. Consumer Portfolio Services had a net margin of 4.78% and a return on equity of 6.91%.
Wall Street Analyst Weigh In
Several brokerages have issued reports on CPSS. Weiss Ratings raised shares of Consumer Portfolio Services from a "sell (d+)" rating to a "hold (c-)" rating in a report on Wednesday, July 1st. Wall Street Zen raised shares of Consumer Portfolio Services to a "hold" rating in a research note on Saturday, July 18th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Consumer Portfolio Services presently has an average rating of "Hold".
Read Our Latest Report on CPSS
Institutional Trading of Consumer Portfolio Services
Large investors have recently made changes to their positions in the stock. Wells Fargo & Company MN increased its position in Consumer Portfolio Services by 50.5% during the 4th quarter. Wells Fargo & Company MN now owns 10,744 shares of the credit services provider's stock worth $100,000 after purchasing an additional 3,605 shares in the last quarter. Deutsche Bank AG acquired a new stake in shares of Consumer Portfolio Services during the 2nd quarter worth about $115,000. JPMorgan Chase & Co. boosted its stake in shares of Consumer Portfolio Services by 17.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 15,739 shares of the credit services provider's stock worth $119,000 after purchasing an additional 2,333 shares during the last quarter. Barclays PLC grew 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 worth $159,000 after buying an additional 1,860 shares in the last quarter. Finally, Citadel Advisors LLC purchased a new stake in shares of Consumer Portfolio Services during the third 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.
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