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

Consumer Portfolio Services, Inc. (NASDAQ:CPSS) Director William B. Roberts sold 50,000 shares of the business’s stock in a transaction 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 sale, the director now directly owns 850,078 shares in the company, valued at $9,146,839.28. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Consumer Portfolio Services Price Performance

NASDAQ:CPSS opened at $10.17 on Thursday. Consumer Portfolio Services, Inc. has a one year low of $7.03 and a one year high of $12.04. 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 firm has a market cap of $217.74 million, a price-to-earnings ratio of 11.69 and a beta of 2.00. The firm’s fifty day moving average is $9.75 and its two-hundred day moving average is $9.19.

Consumer Portfolio Services (NASDAQ:CPSS) last posted its quarterly earnings results on Thursday, October 31st. The credit services provider reported $0.20 EPS 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 business had revenue of $100.58 million during the quarter, compared to analysts’ expectations of $98.34 million. Research analysts expect that Consumer Portfolio Services, Inc. will post 0.85 EPS for the current year.

Institutional Investors Weigh In On Consumer Portfolio Services

Several hedge funds have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp raised 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 worth $975,000 after acquiring an additional 1,343 shares during the period. Vanguard Group Inc. raised its position in shares of Consumer Portfolio Services by 0.7% in the first quarter. Vanguard Group Inc. now owns 521,457 shares of the credit services provider’s stock worth $3,942,000 after acquiring an additional 3,418 shares during the period. Janney Montgomery Scott LLC raised its position 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 worth $378,000 after acquiring an additional 4,483 shares during the period. BNP Paribas Financial Markets raised its position in shares of 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 acquiring an additional 6,306 shares during the period. Finally, 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 worth $1,337,000 after acquiring an additional 7,236 shares during the period. 47.57% of the stock is owned by hedge funds and other institutional investors.

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.