Noel Jackson Sells 7,000 Shares of Consumer Portfolio Services (NASDAQ:CPSS) Stock

Consumer Portfolio Services, Inc. (NASDAQ:CPSS) VP Noel Jackson sold 7,000 shares of the business’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $9.63, for a total transaction of $67,410.00. Following the transaction, the vice president directly owned 7,000 shares of the company’s stock, valued at $67,410. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Consumer Portfolio Services Stock Performance

Consumer Portfolio Services stock traded up $0.07 during midday trading on Wednesday, reaching $9.65. 32,282 shares of the stock traded hands, compared to its average volume of 20,668. The company has a current ratio of 7.48, a quick ratio of 7.48 and a debt-to-equity ratio of 10.18. The firm has a fifty day moving average price of $9.29 and a two-hundred day moving average price of $8.79. The firm has a market cap of $209.41 million, a price-to-earnings ratio of 11.35 and a beta of 1.12. Consumer Portfolio Services, Inc. has a fifty-two week low of $6.67 and a fifty-two week high of $10.49.

Consumer Portfolio Services (NASDAQ:CPSS) last posted its earnings results on Tuesday, May 5th. The credit services provider reported $0.24 earnings per share (EPS) for the quarter. The firm had revenue of $52.27 million during the quarter. Consumer Portfolio Services had a net margin of 4.58% and a return on equity of 6.54%. On average, equities research analysts forecast that Consumer Portfolio Services, Inc. will post 1.45 earnings per share for the current year.

Institutional Trading of Consumer Portfolio Services

A number of hedge funds and other institutional investors have recently made changes to their positions in CPSS. Wells Fargo & Company MN raised its holdings in shares of Consumer Portfolio Services by 50.5% in the 4th quarter. Wells Fargo & Company MN now owns 10,744 shares of the credit services provider’s stock worth $100,000 after purchasing an additional 3,605 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Consumer Portfolio Services by 17.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 15,739 shares of the credit services provider’s stock worth $119,000 after purchasing an additional 2,333 shares in the last quarter. Barclays PLC raised its holdings in shares of Consumer Portfolio Services by 12.2% in the 4th quarter. Barclays PLC now owns 17,049 shares of the credit services provider’s stock worth $159,000 after purchasing an additional 1,860 shares in the last quarter. Citadel Advisors LLC bought a new stake in shares of Consumer Portfolio Services in the 3rd quarter worth approximately $163,000. Finally, Bank of New York Mellon Corp raised its holdings in shares of Consumer Portfolio Services by 9.6% in the 1st quarter. Bank of New York Mellon Corp now owns 23,022 shares of the credit services provider’s stock worth $178,000 after purchasing an additional 2,026 shares in the last quarter. 47.57% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of Consumer Portfolio Services from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, May 1st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

About Consumer Portfolio Services

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.