Charles Bradley, Jr. Sells 125,000 Shares of Consumer Portfolio Services (NASDAQ:CPSS) Stock

Consumer Portfolio Services, Inc. (NASDAQ:CPSS) CEO Charles Bradley, Jr. sold 125,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $9.46, for a total transaction of $1,182,500.00. Following the sale, the chief executive officer directly owned 4,099,545 shares of the company’s stock, valued at approximately $38,781,695.70. This trade represents a 2.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Consumer Portfolio Services Stock Up 0.4%

NASDAQ CPSS opened at $9.42 on Friday. The business has a fifty day moving average price of $9.38 and a two-hundred day moving average price of $8.97. The stock has a market capitalization of $203.10 million, a PE ratio of 10.24 and a beta of 1.13. Consumer Portfolio Services, Inc. has a fifty-two week low of $6.67 and a fifty-two week high of $10.49. The company has a debt-to-equity ratio of 10.43, a current ratio of 5.67 and a quick ratio of 5.67.

Consumer Portfolio Services (NASDAQ:CPSS) last posted its quarterly earnings results on Tuesday, August 4th. The credit services provider reported $0.27 EPS for the quarter. The company had revenue of $57.14 million during the quarter. Consumer Portfolio Services had a return on equity of 6.91% and a net margin of 4.78%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of CPSS. BlackRock Inc. acquired a new stake in shares of Consumer Portfolio Services in the second quarter valued at about $6,297,000. Geode Capital Management LLC raised its holdings in Consumer Portfolio Services by 1.7% during the 4th 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 bought a new position in Consumer Portfolio Services during the 2nd quarter worth approximately $1,456,000. Russell Investments Group Ltd. lifted its position 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 worth $912,000 after purchasing an additional 96,224 shares during the period. Finally, Janney Montgomery Scott LLC boosted 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. 47.57% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on CPSS shares. Wall Street Zen upgraded shares of Consumer Portfolio Services to a “hold” rating in a research note on Saturday, July 18th. Weiss Ratings upgraded Consumer Portfolio Services from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, July 1st. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, Consumer Portfolio Services presently has a consensus rating of “Hold”.

Consumer Portfolio Services Company Profile

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.