Insider Selling: Consumer Portfolio Services (NASDAQ:CPSS) CEO Sells $1,182,500.00 in Stock

Consumer Portfolio Services, Inc. (NASDAQ:CPSS) CEO Charles Bradley, Jr. sold 125,000 shares of the stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $9.46, for a total transaction of $1,182,500.00. Following the completion of 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Consumer Portfolio Services Price Performance

CPSS stock opened at $9.42 on Monday. The firm has a market cap of $203.05 million, a PE ratio of 10.24 and a beta of 1.13. 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 firm’s 50 day moving average price is $9.38 and its 200-day moving average price is $8.97. Consumer Portfolio Services, Inc. has a one year low of $6.67 and a one year high of $10.49.

Consumer Portfolio Services (NASDAQ:CPSS) last issued its quarterly earnings data on Tuesday, August 4th. The credit services provider reported $0.27 earnings per share 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 Trading of Consumer Portfolio Services

Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new position in shares of Consumer Portfolio Services during the second quarter worth $6,297,000. Empowered Funds LLC purchased a new stake in shares of Consumer Portfolio Services in the 2nd quarter valued at $1,456,000. Russell Investments Group Ltd. lifted its stake in Consumer Portfolio Services by 6,347.2% during the 4th quarter. Russell Investments Group Ltd. now owns 97,740 shares of the credit services provider’s stock worth $912,000 after acquiring an additional 96,224 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in Consumer Portfolio Services during the 2nd quarter worth about $221,000. Finally, Citadel Advisors LLC purchased a new position in Consumer Portfolio Services during the 3rd quarter valued at about $163,000. Institutional investors and hedge funds own 47.57% of the company’s stock.

Wall Street Analysts Forecast Growth

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