Consumer Portfolio Services (NASDAQ:CPSS) Stock: Insider Charles Bradley, Jr. Sells 200,000 Shares

Consumer Portfolio Services, Inc. (NASDAQ:CPSS) CEO Charles Bradley, Jr. sold 200,000 shares of the firm’s stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $10.14, for a total transaction of $2,028,000.00. Following the completion of the sale, the chief executive officer owned 3,899,545 shares in the company, valued at $39,541,386.30. The trade was a 4.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Consumer Portfolio Services Stock Up 2.9%

Shares of CPSS stock traded up $0.29 on Friday, reaching $10.17. 15,220 shares of the stock were exchanged, compared to its average volume of 22,960. The company has a market capitalization of $222.22 million, a price-to-earnings ratio of 9.97 and a beta of 1.10. The business’s 50 day moving average price is $9.38 and its 200 day moving average price is $9.04. The company has a current ratio of 5.79, a quick ratio of 5.67 and a debt-to-equity ratio of 11.33. Consumer Portfolio Services, Inc. has a twelve month low of $7.46 and a twelve month high of $10.49.

Consumer Portfolio Services (NASDAQ:CPSS) last posted its quarterly earnings results on Friday, October 23rd. The credit services provider reported $0.30 earnings per share for the quarter. The company had revenue of $61.39 million for the quarter. Consumer Portfolio Services had a return on equity of 7.48% and a net margin of 4.99%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on CPSS shares. Wall Street Zen lowered Consumer Portfolio Services from a “buy” rating to a “hold” rating in a research report on Sunday, October 25th. Weiss Ratings raised Consumer Portfolio Services from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, September 14th. One investment analyst has rated the stock with a Hold rating. According to data from MarketBeat, the stock presently has an average rating of “Hold”.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Russell Investments Group Ltd. boosted its position in shares of Consumer Portfolio Services by 398.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 74,080 shares of the credit services provider’s stock worth $679,000 after buying an additional 59,226 shares in the last quarter. Empowered Funds LLC acquired a new stake in Consumer Portfolio Services in the 2nd quarter valued at about $1,456,000. BlackRock Inc. purchased a new position in Consumer Portfolio Services during the 2nd quarter valued at about $6,297,000. Deutsche Bank AG purchased a new position in Consumer Portfolio Services during the 2nd quarter valued at about $115,000. Finally, Bank of New York Mellon Corp purchased a new position in Consumer Portfolio Services during the 2nd quarter valued at about $221,000. Institutional investors and hedge funds own 47.57% of the company’s stock.

Consumer Portfolio Services Company Profile

Consumer Portfolio Services, Inc (NASDAQ: CPSS) is a specialty finance company that provides indirect automobile financing to consumers, primarily those with limited or impaired credit histories. The company works with franchised and independent automobile dealers to arrange financing for purchasers of new and used vehicles.

Consumer Portfolio Services typically purchases retail installment sales contracts originated by its dealer partners and then services the related automotive loans.