William B. Roberts Sells 50,000 Shares of Consumer Portfolio Services, Inc. (NASDAQ:CPSS) Stock

Consumer Portfolio Services, Inc. (NASDAQ:CPSS) Director William B. Roberts sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $10.76, for a total transaction of $538,000.00. Following the completion of the transaction, the director now owns 850,078 shares in the company, valued at $9,146,839.28. The trade was a 5.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Consumer Portfolio Services Stock Up 2.7 %

Shares of NASDAQ CPSS opened at $10.44 on Friday. The company has a debt-to-equity ratio of 10.52, a quick ratio of 19.16 and a current ratio of 19.17. The stock’s 50-day simple moving average is $9.79 and its 200-day simple moving average is $9.20. The firm has a market cap of $223.52 million, a price-to-earnings ratio of 12.00 and a beta of 2.00. Consumer Portfolio Services, Inc. has a 1 year low of $7.03 and a 1 year high of $12.04.

Consumer Portfolio Services (NASDAQ:CPSS) last issued its earnings results on Thursday, October 31st. The credit services provider reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). The business had revenue of $100.58 million for the quarter, compared to analyst estimates of $98.34 million. Consumer Portfolio Services had a return on equity of 7.59% and a net margin of 5.59%. As a group, equities analysts anticipate that Consumer Portfolio Services, Inc. will post 0.85 earnings per share for the current fiscal year.

Institutional Trading of Consumer Portfolio Services

Several institutional investors have recently modified their holdings of CPSS. Fisher Asset Management LLC acquired a new stake in shares of Consumer Portfolio Services in the third quarter worth $960,000. Segall Bryant & Hamill LLC acquired a new stake in shares of Consumer Portfolio Services in the third quarter worth about $445,000. Empowered Funds LLC raised its position in shares of Consumer Portfolio Services by 5.3% in the third quarter. Empowered Funds LLC now owns 142,520 shares of the credit services provider’s stock valued at $1,337,000 after purchasing an additional 7,236 shares during the period. Bank of New York Mellon Corp grew its position in shares of Consumer Portfolio Services by 1.4% in the second quarter. Bank of New York Mellon Corp now owns 99,481 shares of the credit services provider’s stock valued at $975,000 after purchasing an additional 1,343 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Consumer Portfolio Services by 0.7% during the first quarter. Vanguard Group Inc. now owns 521,457 shares of the credit services provider’s stock worth $3,942,000 after buying an additional 3,418 shares during the last quarter. Institutional investors and hedge funds own 47.57% of the company’s stock.

About Consumer Portfolio Services

Consumer Portfolio Services, Inc operates as a specialty finance company in the United States. It is involved in the purchase and service of retail automobile contracts originated by franchised automobile dealers and select independent dealers in the sale of new and used automobiles, light trucks, and passenger vans.