Consumer Portfolio Services, Inc. (NASDAQ:CPSS) Director William B. Roberts Sells 5,000 Shares

Consumer Portfolio Services, Inc. (NASDAQ:CPSS) Director William B. Roberts sold 5,000 shares of the stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $10.37, for a total transaction of $51,850.00. Following the completion of the sale, the director now directly owns 795,078 shares of the company’s stock, valued at $8,244,958.86. This trade represents a 0.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Consumer Portfolio Services Trading Down 0.2 %

Shares of NASDAQ CPSS opened at $10.55 on Tuesday. The business has a 50 day simple moving average of $9.84 and a 200 day simple moving average of $9.24. Consumer Portfolio Services, Inc. has a 52 week low of $7.03 and a 52 week high of $12.04. The stock has a market cap of $225.88 million, a price-to-earnings ratio of 12.13 and a beta of 2.00. The company has a debt-to-equity ratio of 10.52, a quick ratio of 19.16 and a current ratio of 19.17.

Consumer Portfolio Services (NASDAQ:CPSS) last posted its earnings results 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 for the quarter, compared to the consensus estimate of $98.34 million. Consumer Portfolio Services had a net margin of 5.59% and a return on equity of 7.59%. On average, research analysts predict that Consumer Portfolio Services, Inc. will post 0.85 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in CPSS. Bank of New York Mellon Corp increased its stake in Consumer Portfolio Services by 1.4% during 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 acquiring an additional 1,343 shares during the period. Vanguard Group Inc. increased its position 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 valued at $3,942,000 after purchasing an additional 3,418 shares during the period. State Street Corp increased its position in shares of Consumer Portfolio Services by 2.2% during the third quarter. State Street Corp now owns 186,220 shares of the credit services provider’s stock valued at $1,747,000 after purchasing an additional 3,922 shares during the period. Janney Montgomery Scott LLC raised its stake in shares of Consumer Portfolio Services by 9.8% in the first quarter. Janney Montgomery Scott LLC now owns 50,005 shares of the credit services provider’s stock valued at $378,000 after purchasing an additional 4,483 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its position in Consumer Portfolio Services by 229.7% in the first quarter. BNP Paribas Financial Markets now owns 9,051 shares of the credit services provider’s stock worth $68,000 after purchasing an additional 6,306 shares during the period. Institutional investors and hedge funds own 47.57% of the company’s stock.

Consumer Portfolio Services Company Profile

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.