Insider Selling: Consumer Portfolio Services, Inc. (NASDAQ:CPSS) Director Sells 8,000 Shares of Stock

Consumer Portfolio Services, Inc. (NASDAQ:CPSS) Director Daniel S. Wood sold 8,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $10.49, for a total value of $83,920.00. Following the transaction, the director now owns 186,910 shares in the company, valued at approximately $1,960,685.90. This trade represents a 4.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Consumer Portfolio Services Price Performance

NASDAQ CPSS opened at $10.55 on Monday. Consumer Portfolio Services, Inc. has a fifty-two week low of $7.03 and a fifty-two week high of $12.04. The stock’s 50-day moving average is $9.92 and its two-hundred day moving average is $9.29. The company has a debt-to-equity ratio of 10.52, a current ratio of 19.17 and a quick ratio of 19.16. The firm has a market cap of $225.88 million, a P/E ratio of 12.13 and a beta of 2.00.

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). Consumer Portfolio Services had a net margin of 5.59% and a return on equity of 7.59%. The company had revenue of $100.58 million for the quarter, compared to the consensus estimate of $98.34 million. On average, analysts anticipate that Consumer Portfolio Services, Inc. will post 0.85 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Consumer Portfolio Services

Several institutional investors have recently bought and sold shares of the stock. Fisher Asset Management LLC acquired a new stake in shares of Consumer Portfolio Services in the third quarter valued at about $960,000. Segall Bryant & Hamill LLC acquired a new stake in shares of Consumer Portfolio Services in the third quarter valued at about $445,000. Barclays PLC grew its position in shares of 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 purchasing an additional 8,828 shares during the last quarter. Empowered Funds LLC grew 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 last quarter. Finally, BNP Paribas Financial Markets grew 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 valued at $68,000 after purchasing an additional 6,306 shares during the last quarter. 47.57% of the stock is currently owned by institutional investors.

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.