Key Points
- Consumer Portfolio Services VP Noel Jackson sold 7,500 shares at an average price of $9.31, worth $69,825, reducing his ownership by 50% to 7,500 shares. He also sold 7,000 shares in June.
- CPSS shares opened at $8.81, with the stock down 5.2%; the company recently reported quarterly EPS of $0.27 on revenue of $57.14 million.
- Institutional investors own 47.57% of the company, while analyst sentiment remains negative: CPSS has a consensus “Sell” rating, including a recent downgrade from Weiss Ratings.
Consumer Portfolio Services, Inc. (NASDAQ:CPSS - Get Free Report) VP Noel Jackson sold 7,500 shares of the business's stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $9.31, for a total value of $69,825.00. Following the completion of the sale, the vice president owned 7,500 shares of the company's stock, valued at $69,825. This trade represents a 50.00% 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.
Noel Jackson also recently made the following trade(s):
- On Tuesday, June 16th, Noel Jackson sold 7,000 shares of Consumer Portfolio Services stock. The shares were sold at an average price of $9.63, for a total value of $67,410.00.
Consumer Portfolio Services Stock Down 5.2%
CPSS opened at $8.81 on Friday. Consumer Portfolio Services, Inc. has a fifty-two week low of $7.15 and a fifty-two week high of $10.49. The company has a debt-to-equity ratio of 10.43, a quick ratio of 5.67 and a current ratio of 5.67. The company has a market capitalization of $189.94 million, a P/E ratio of 9.58 and a beta of 1.11. The stock has a fifty day moving average of $9.35 and a 200-day moving average of $8.99.
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 (EPS) for the quarter. Consumer Portfolio Services had a net margin of 4.78% and a return on equity of 6.91%. The company had revenue of $57.14 million during the quarter.
Institutional Trading of Consumer Portfolio Services
A number of institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. bought a new position in Consumer Portfolio Services in the second quarter valued at approximately $6,297,000. Geode Capital Management LLC lifted its stake in Consumer Portfolio Services by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 221,565 shares of the credit services provider's stock worth $2,067,000 after purchasing an additional 3,604 shares during the last quarter. Empowered Funds LLC acquired a new stake in shares of Consumer Portfolio Services in the 2nd quarter valued at $1,456,000. Russell Investments Group Ltd. boosted its holdings in shares of Consumer Portfolio Services by 6,347.2% in the 4th quarter. Russell Investments Group Ltd. now owns 97,740 shares of the credit services provider's stock valued at $912,000 after purchasing an additional 96,224 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in shares of Consumer Portfolio Services by 3.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 51,003 shares of the credit services provider's stock valued at $394,000 after purchasing an additional 1,672 shares during the last quarter. Institutional investors own 47.57% of the company's stock.
Analysts Set New Price Targets
A number of analysts have issued reports on CPSS shares. Weiss Ratings downgraded shares of Consumer Portfolio Services from a "hold (c-)" rating to a "sell (d+)" rating in a report on Friday, August 28th. Wall Street Zen upgraded shares of Consumer Portfolio Services to a "hold" rating in a research report on Saturday, July 18th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of "Sell".
Check Out Our Latest Research Report on CPSS
About Consumer Portfolio Services
(
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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