Key Points
- CEO Charles Bradley Jr. sold 200,000 CPSS shares at an average price of $10.14, worth about $2.03 million. He retained 3,899,545 shares after the sale, a 4.88% reduction in his ownership.
- CPSS shares were up 2.9% and opened at $10.17; the company reported quarterly EPS of $0.30 on revenue of $61.39 million.
- Analyst sentiment was broadly neutral: MarketBeat reported an average “Hold” rating, with one analyst rating the stock Hold.
Consumer Portfolio Services, Inc. (NASDAQ:CPSS - Get Free Report) CEO Charles Bradley, Jr. sold 200,000 shares of the company's stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $10.14, for a total value of $2,028,000.00. Following the sale, the chief executive officer owned 3,899,545 shares of the company's stock, valued at $39,541,386.30. This represents a 4.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Consumer Portfolio Services Stock Up 2.9%
Shares of CPSS stock opened at $10.17 on Friday. The firm has a market capitalization of $222.21 million, a P/E ratio of 9.97 and a beta of 1.10. The company has a current ratio of 5.79, a quick ratio of 5.67 and a debt-to-equity ratio of 11.33. The firm's fifty day moving average price is $9.40 and its two-hundred day moving average price is $9.05. Consumer Portfolio Services, Inc. has a 1 year low of $7.46 and a 1 year high of $10.49.
Consumer Portfolio Services (NASDAQ:CPSS - Get Free Report) last announced its quarterly earnings data on Friday, October 23rd. The credit services provider reported $0.30 earnings per share (EPS) for the quarter. Consumer Portfolio Services had a return on equity of 7.48% and a net margin of 4.99%. The firm had revenue of $61.39 million for the quarter.
Institutional Trading of Consumer Portfolio Services
A number of hedge funds have recently made changes to their positions in the stock. Janney Montgomery Scott LLC increased its holdings in shares of Consumer Portfolio Services by 3.4% in the first quarter. Janney Montgomery Scott LLC now owns 51,003 shares of the credit services provider's stock worth $394,000 after acquiring an additional 1,672 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Consumer Portfolio Services by 9.6% in the first quarter. Bank of New York Mellon Corp now owns 23,022 shares of the credit services provider's stock valued at $178,000 after purchasing an additional 2,026 shares during the period. Deutsche Bank AG purchased a new position in Consumer Portfolio Services in the 2nd quarter valued at $115,000. Russell Investments Group Ltd. boosted its stake in Consumer Portfolio Services by 398.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 74,080 shares of the credit services provider's stock valued at $679,000 after acquiring an additional 59,226 shares during the last quarter. Finally, Empowered Funds LLC acquired a new stake in shares of Consumer Portfolio Services during the 2nd quarter valued at $1,456,000. Institutional investors and hedge funds own 47.57% of the company's stock.
Analysts Set New Price Targets
CPSS has been the topic of a number of recent analyst reports. Weiss Ratings raised shares of Consumer Portfolio Services from a "sell (d+)" rating to a "hold (c-)" rating in a report on Monday, September 14th. Wall Street Zen upgraded shares of Consumer Portfolio Services from a "hold" rating to a "buy" rating in a research report on Saturday. One equities research analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, Consumer Portfolio Services has an average rating of "Hold".
Read Our Latest Research Report on CPSS
Consumer Portfolio Services Company Profile
(
Get Free Report)
Consumer Portfolio Services, Inc (NASDAQ: CPSS) is a specialty finance company that provides indirect automobile financing to consumers, primarily those with limited or impaired credit histories. The company works with franchised and independent automobile dealers to arrange financing for purchasers of new and used vehicles.
Consumer Portfolio Services typically purchases retail installment sales contracts originated by its dealer partners and then services the related automotive loans.
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