Consumer Portfolio Services, Inc. (NASDAQ:CPSS) Director William B. Roberts Sells 10,000 Shares

Consumer Portfolio Services, Inc. (NASDAQ:CPSS) Director William B. Roberts sold 10,000 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $10.64, for a total transaction of $106,400.00. Following the completion of the transaction, the director now directly owns 745,078 shares of the company’s stock, valued at approximately $7,927,629.92. This trade represents a 1.32 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Consumer Portfolio Services Trading Up 0.6 %

Consumer Portfolio Services stock opened at $10.61 on Tuesday. The company has a market cap of $227.11 million, a price-to-earnings ratio of 12.20 and a beta of 2.00. The firm has a 50-day moving average of $9.94 and a 200-day moving average of $9.30. The company has a debt-to-equity ratio of 10.52, a current ratio of 19.17 and a quick ratio of 19.16. Consumer Portfolio Services, Inc. has a one year low of $7.03 and a one year high of $12.04.

Consumer Portfolio Services (NASDAQ:CPSS) last issued 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). The company had revenue of $100.58 million for the quarter, compared to analyst estimates of $98.34 million. Consumer Portfolio Services had a net margin of 5.59% and a return on equity of 7.59%. On average, equities analysts expect 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

Institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets grew its position in shares of Consumer Portfolio Services by 229.7% in the 1st quarter. BNP Paribas Financial Markets now owns 9,051 shares of the credit services provider’s stock valued at $68,000 after acquiring an additional 6,306 shares during the period. Barclays PLC increased its position in Consumer Portfolio Services by 297.6% during the third quarter. Barclays PLC now owns 11,794 shares of the credit services provider’s stock worth $110,000 after buying an additional 8,828 shares during the last quarter. Segall Bryant & Hamill LLC bought a new stake in Consumer Portfolio Services in the third quarter valued at approximately $445,000. Fisher Asset Management LLC bought a new position in shares of Consumer Portfolio Services during the 3rd quarter worth approximately $960,000. Finally, Bank of New York Mellon Corp increased its holdings in shares of Consumer Portfolio Services by 1.4% during the 2nd 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 last quarter. 47.57% of the stock is currently owned by institutional investors and hedge funds.

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.