Insider Selling: Consumer Portfolio Services (NASDAQ:CPSS) VP Sells 7,000 Shares of Stock

Consumer Portfolio Services, Inc. (NASDAQ:CPSS) VP Noel Jackson sold 7,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $9.63, for a total transaction of $67,410.00. Following the completion of the sale, the vice president owned 7,000 shares in the company, valued at $67,410. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Consumer Portfolio Services Price Performance

Shares of NASDAQ CPSS traded up $0.07 during midday trading on Wednesday, reaching $9.65. The company’s stock had a trading volume of 32,282 shares, compared to its average volume of 20,668. The company has a current ratio of 7.48, a quick ratio of 7.48 and a debt-to-equity ratio of 10.18. The company has a 50 day moving average price of $9.29 and a 200 day moving average price of $8.79. Consumer Portfolio Services, Inc. has a one year low of $6.67 and a one year high of $10.49. The company has a market cap of $209.41 million, a price-to-earnings ratio of 11.35 and a beta of 1.12.

Consumer Portfolio Services (NASDAQ:CPSS) last released its quarterly earnings results on Tuesday, May 5th. The credit services provider reported $0.24 earnings per share (EPS) for the quarter. Consumer Portfolio Services had a net margin of 4.58% and a return on equity of 6.54%. The business had revenue of $52.27 million for the quarter. On average, equities research analysts expect that Consumer Portfolio Services, Inc. will post 1.45 EPS for the current year.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of Consumer Portfolio Services from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, May 1st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. grew its position in Consumer Portfolio Services by 6,347.2% in the fourth quarter. Russell Investments Group Ltd. now owns 97,740 shares of the credit services provider’s stock worth $912,000 after acquiring an additional 96,224 shares in the last quarter. Citadel Advisors LLC bought a new stake in Consumer Portfolio Services in the third quarter worth approximately $163,000. Geode Capital Management LLC grew its position in Consumer Portfolio Services by 8.5% in the second quarter. Geode Capital Management LLC now owns 212,555 shares of the credit services provider’s stock worth $2,090,000 after acquiring an additional 16,563 shares in the last quarter. Empowered Funds LLC grew its position in Consumer Portfolio Services by 3.8% in the first quarter. Empowered Funds LLC now owns 150,808 shares of the credit services provider’s stock worth $1,308,000 after acquiring an additional 5,588 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its position in Consumer Portfolio Services by 17.8% in the first quarter. Goldman Sachs Group Inc. now owns 31,752 shares of the credit services provider’s stock worth $275,000 after acquiring an additional 4,789 shares in the last quarter. Institutional investors and hedge funds own 47.57% of the company’s stock.

About Consumer Portfolio Services

Consumer Portfolio Services, Inc is a specialty finance company focused on originating and servicing retail installment contracts for the automotive industry. The company primarily serves subprime and near-prime borrowers by partnering with a network of franchised and independent auto dealers across the United States. By providing flexible financing solutions, CPS seeks to expand vehicle ownership opportunities for customers who may not qualify for traditional prime auto loans.

CPS operates through two principal segments: loan origination and servicing.