Insider Selling: Consumer Portfolio Services (NASDAQ:CPSS) VP Sells 3,617 Shares of Stock

Consumer Portfolio Services, Inc. (NASDAQ:CPSS) VP Catrina Marie Ralston sold 3,617 shares of the stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $9.50, for a total transaction of $34,361.50. Following the transaction, the vice president owned 68,262 shares of the company’s stock, valued at $648,489. This represents a 5.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Catrina Marie Ralston also recently made the following trade(s):

• On Monday, August 10th, Catrina Marie Ralston sold 916 shares of Consumer Portfolio Services stock. The shares were sold at an average price of $9.50, for a total transaction of $8,702.00.
• On Friday, August 7th, Catrina Marie Ralston sold 467 shares of Consumer Portfolio Services stock. The shares were sold at an average price of $9.50, for a total transaction of $4,436.50.

Consumer Portfolio Services Stock Performance

CPSS traded down $0.09 on Friday, hitting $9.55. The company’s stock had a trading volume of 6,596 shares, compared to its average volume of 21,544. Consumer Portfolio Services, Inc. has a 12 month low of $6.67 and a 12 month high of $10.49. The firm has a market cap of $206.01 million, a P/E ratio of 10.45 and a beta of 1.13. The company has a quick ratio of 7.48, a current ratio of 7.48 and a debt-to-equity ratio of 10.18. The company’s 50 day simple moving average is $9.43 and its 200-day simple moving average is $8.92.

Consumer Portfolio Services (NASDAQ:CPSS) last posted its earnings results on Tuesday, August 4th. The credit services provider reported $0.27 earnings per share (EPS) for the quarter. Consumer Portfolio Services had a return on equity of 6.96% and a net margin of 4.78%.The firm had revenue of $57.14 million for the quarter.

Analysts Set New Price Targets

Several research analysts have commented on the company. Wall Street Zen upgraded Consumer Portfolio Services to a “hold” rating in a research note on Saturday, July 18th. Weiss Ratings raised shares of Consumer Portfolio Services from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, July 1st. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Consumer Portfolio Services has an average rating of “Hold”.

Institutional Investors Weigh In On Consumer Portfolio Services

A number of institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. bought a new stake in Consumer Portfolio Services during the second quarter valued at $6,297,000. Russell Investments Group Ltd. increased its stake in Consumer Portfolio Services by 6,347.2% in the 4th 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 during the last quarter. Bank of New York Mellon Corp bought a new position in Consumer Portfolio Services in the 2nd quarter worth about $221,000. Citadel Advisors LLC purchased a new stake in shares of Consumer Portfolio Services in the 3rd quarter valued at about $163,000. Finally, Geode Capital Management LLC boosted its position in shares of Consumer Portfolio Services by 8.5% during the 2nd quarter. Geode Capital Management LLC now owns 212,555 shares of the credit services provider’s stock valued at $2,090,000 after acquiring an additional 16,563 shares during the last quarter. Hedge funds and other institutional investors 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.