Daniel S. Wood Sells 8,000 Shares of Consumer Portfolio Services, Inc. (NASDAQ:CPSS) Stock

Consumer Portfolio Services, Inc. (NASDAQ:CPSS) Director Daniel S. Wood sold 8,000 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $10.49, for a total transaction of $83,920.00. Following the completion of the sale, the director now directly owns 186,910 shares in the company, valued at approximately $1,960,685.90. This represents a 4.10 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Consumer Portfolio Services Stock Performance

Shares of NASDAQ CPSS opened at $10.55 on Friday. The stock has a market capitalization of $225.88 million, a PE ratio of 12.13 and a beta of 2.00. Consumer Portfolio Services, Inc. has a 52 week low of $7.03 and a 52 week high of $12.04. The stock has a 50 day moving average price of $9.92 and a 200 day moving average price of $9.28. 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 released 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). Consumer Portfolio Services had a net margin of 5.59% and a return on equity of 7.59%. The firm had revenue of $100.58 million during the quarter, compared to the consensus estimate of $98.34 million. Analysts predict that Consumer Portfolio Services, Inc. will post 0.85 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. BNP Paribas Financial Markets grew its holdings in Consumer Portfolio Services by 229.7% during 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. Barclays PLC raised its stake in Consumer Portfolio Services by 297.6% in the third quarter. Barclays PLC now owns 11,794 shares of the credit services provider’s stock valued at $110,000 after buying an additional 8,828 shares during the period. Segall Bryant & Hamill LLC acquired a new stake in shares of Consumer Portfolio Services in the third quarter valued at approximately $445,000. Fisher Asset Management LLC acquired a new stake in shares of Consumer Portfolio Services in the third quarter valued at approximately $960,000. Finally, Bank of New York Mellon Corp boosted its stake in shares of Consumer Portfolio Services by 1.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 99,481 shares of the credit services provider’s stock worth $975,000 after acquiring an additional 1,343 shares during the period. Institutional investors 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.