Consumer Portfolio Services (NASDAQ:CPSS) Director Sells $150,600.00 in Stock

Consumer Portfolio Services, Inc. (NASDAQ:CPSS) Director Daniel Wood sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $7.53, for a total transaction of $150,600.00. Following the transaction, the director directly owned 194,943 shares in the company, valued at approximately $1,467,920.79. This trade represents a 9.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

Consumer Portfolio Services Stock Up 0.3%

Shares of NASDAQ CPSS opened at $7.70 on Friday. The company has a debt-to-equity ratio of 10.20, a quick ratio of 9.27 and a current ratio of 9.81. The firm has a market capitalization of $167.55 million, a price-to-earnings ratio of 9.63 and a beta of 1.05. The stock has a 50 day moving average price of $8.40 and a 200 day moving average price of $8.38. Consumer Portfolio Services, Inc. has a 52-week low of $6.67 and a 52-week high of $10.51.

Consumer Portfolio Services (NASDAQ:CPSS) last released its quarterly earnings data on Tuesday, March 10th. The credit services provider reported $0.21 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.02). The firm had revenue of $50.11 million for the quarter, compared to analysts’ expectations of $110.64 million. Consumer Portfolio Services had a return on equity of 6.34% and a net margin of 4.45%. Sell-side analysts expect that Consumer Portfolio Services, Inc. will post 0.85 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Consumer Portfolio Services in a research note on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Consumer Portfolio Services

Institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC lifted its holdings in Consumer Portfolio Services by 8.5% during the second quarter. Geode Capital Management LLC now owns 212,555 shares of the credit services provider’s stock worth $2,090,000 after buying an additional 16,563 shares during the period. Empowered Funds LLC boosted its position in Consumer Portfolio Services by 3.8% during the 1st quarter. Empowered Funds LLC now owns 150,808 shares of the credit services provider’s stock valued at $1,308,000 after acquiring an additional 5,588 shares in the last quarter. Russell Investments Group Ltd. increased 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 acquiring an additional 96,224 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Consumer Portfolio Services by 17.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 31,752 shares of the credit services provider’s stock valued at $275,000 after acquiring an additional 4,789 shares during the period. Finally, Citadel Advisors LLC bought a new position in shares of Consumer Portfolio Services in the 3rd quarter worth $163,000. 47.57% of the stock is owned by hedge funds and other institutional investors.

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.