Consumer Portfolio Services, Inc. (NASDAQ:CPSS) Director Sells $157,350.00 in Stock

Consumer Portfolio Services, Inc. (NASDAQ:CPSS) Director William B. Roberts sold 15,000 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $10.49, for a total transaction of $157,350.00. Following the completion of the sale, the director now directly owns 770,078 shares of the company’s stock, valued at $8,078,118.22. This represents a 1.91 % 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 Stock Down 1.4 %

NASDAQ CPSS opened at $10.40 on Wednesday. The company has a current ratio of 19.17, a quick ratio of 19.16 and a debt-to-equity ratio of 10.52. The company has a market cap of $222.66 million, a price-to-earnings ratio of 11.95 and a beta of 2.00. The company has a 50 day moving average of $9.86 and a 200-day moving average of $9.25. 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 announced its quarterly earnings data on Thursday, October 31st. The credit services provider reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.01). The company had revenue of $100.58 million during the quarter, compared to analyst estimates of $98.34 million. Consumer Portfolio Services had a net margin of 5.59% and a return on equity of 7.59%. On average, equities research analysts expect that Consumer Portfolio Services, Inc. will post 0.85 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CPSS. Barclays PLC grew its stake in Consumer Portfolio Services by 297.6% during the third quarter. Barclays PLC now owns 11,794 shares of the credit services provider’s stock worth $110,000 after buying an additional 8,828 shares in the last quarter. State Street Corp boosted its position in shares of Consumer Portfolio Services by 2.2% during the 3rd quarter. State Street Corp now owns 186,220 shares of the credit services provider’s stock worth $1,747,000 after acquiring an additional 3,922 shares in the last quarter. Fisher Asset Management LLC bought a new position in Consumer Portfolio Services in the third quarter valued at approximately $960,000. Segall Bryant & Hamill LLC acquired a new position in Consumer Portfolio Services during the third quarter valued at approximately $445,000. Finally, Empowered Funds LLC lifted its stake in Consumer Portfolio Services by 5.3% during the third quarter. Empowered Funds LLC now owns 142,520 shares of the credit services provider’s stock worth $1,337,000 after purchasing an additional 7,236 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.