Consumer Portfolio Services (NASDAQ:CPSS) CEO Sells 200,000 Shares of Company Stock

Consumer Portfolio Services, Inc. (NASDAQ:CPSS) CEO Charles Bradley, Jr. sold 200,000 shares of Consumer Portfolio Services stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $10.14, for a total transaction of $2,028,000.00. Following the completion of the sale, the chief executive officer owned 3,899,545 shares of the company’s stock, valued at $39,541,386.30. This trade represents a 4.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Consumer Portfolio Services Trading Up 2.9%

NASDAQ CPSS traded up $0.29 on Friday, reaching $10.17. The stock had a trading volume of 15,220 shares, compared to its average volume of 22,960. The firm has a market capitalization of $222.22 million, a price-to-earnings ratio of 9.97 and a beta of 1.10. The company has a quick ratio of 5.67, a current ratio of 5.79 and a debt-to-equity ratio of 11.33. Consumer Portfolio Services, Inc. has a 12-month low of $7.46 and a 12-month high of $10.49. The stock has a fifty day moving average price of $9.38 and a two-hundred day moving average price of $9.04.

Consumer Portfolio Services (NASDAQ:CPSS) last released its quarterly earnings results on Friday, October 23rd. The credit services provider reported $0.30 EPS for the quarter. Consumer Portfolio Services had a return on equity of 7.48% and a net margin of 4.99%. The business had revenue of $61.39 million during the quarter.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Weiss Ratings upgraded Consumer Portfolio Services from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, September 14th. Wall Street Zen lowered shares of Consumer Portfolio Services from a “buy” rating to a “hold” rating in a research note on Sunday, October 25th. One equities research analyst has rated the stock with a Hold rating. According to data from MarketBeat, the company has a consensus rating of “Hold”.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CPSS. BlackRock Inc. purchased a new position in shares of Consumer Portfolio Services in the 2nd quarter valued at about $6,297,000. Empowered Funds LLC acquired a new position in shares of Consumer Portfolio Services during the second quarter worth about $1,456,000. Russell Investments Group Ltd. increased its stake in shares of Consumer Portfolio Services by 398.7% during the third quarter. Russell Investments Group Ltd. now owns 74,080 shares of the credit services provider’s stock worth $679,000 after buying an additional 59,226 shares during the period. Deutsche Bank AG purchased a new stake in shares of Consumer Portfolio Services during the second quarter worth approximately $115,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Consumer Portfolio Services during the second quarter worth approximately $221,000. 47.57% of the stock is currently owned by hedge funds and other institutional investors.

About Consumer Portfolio Services

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.