Insider Selling: Consumer Portfolio Services, Inc. (NASDAQ:CPSS) Director Sells 6,254 Shares of Stock

Consumer Portfolio Services, Inc. (NASDAQ:CPSS) Director Greg Washer sold 6,254 shares of Consumer Portfolio Services stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $9.16, for a total transaction of $57,286.64. Following the transaction, the director now directly owns 318,746 shares in the company, valued at approximately $2,919,713.36. The trade was a 1.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Greg Washer also recently made the following trade(s):

• On Friday, May 16th, Greg Washer sold 140 shares of Consumer Portfolio Services stock. The stock was sold at an average price of $8.96, for a total value of $1,254.40.

Consumer Portfolio Services Stock Down 1.0%

Consumer Portfolio Services stock traded down $0.09 during trading hours on Monday, reaching $8.76. The stock had a trading volume of 3,953 shares, compared to its average volume of 31,172. The company has a market cap of $188.87 million, a price-to-earnings ratio of 10.07 and a beta of 0.93. The business’s 50 day moving average price is $8.86 and its 200-day moving average price is $10.09. Consumer Portfolio Services, Inc. has a 52 week low of $7.03 and a 52 week high of $12.73. 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 (NASDAQ:CPSS) last issued its quarterly earnings data on Monday, May 12th. The credit services provider reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.11). The firm had revenue of $106.87 million during the quarter, compared to analysts’ expectations of $109.99 million. Consumer Portfolio Services had a return on equity of 7.59% and a net margin of 5.59%. Sell-side analysts anticipate that Consumer Portfolio Services, Inc. will post 0.85 EPS for the current year.

Institutional Investors Weigh In On Consumer Portfolio Services

Institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC increased its position in shares of Consumer Portfolio Services by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 193,181 shares of the credit services provider’s stock worth $2,098,000 after purchasing an additional 2,411 shares in the last quarter. Empowered Funds LLC grew its stake in Consumer Portfolio Services by 3.8% during the 1st quarter. Empowered Funds LLC now owns 150,808 shares of the credit services provider’s stock worth $1,308,000 after buying an additional 5,588 shares during the last quarter. Northern Trust Corp increased its position in Consumer Portfolio Services by 7.4% during the 4th quarter. Northern Trust Corp now owns 85,755 shares of the credit services provider’s stock valued at $931,000 after buying an additional 5,882 shares in the last quarter. Goldman Sachs Group Inc. raised its stake 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 valued at $275,000 after buying an additional 4,789 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Consumer Portfolio Services by 620.5% in the fourth quarter. JPMorgan Chase & Co. now owns 29,173 shares of the credit services provider’s stock worth $317,000 after acquiring an additional 25,124 shares in the last quarter. 47.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Consumer Portfolio Services from a “strong-buy” rating to a “buy” rating in a research report on Monday.

Consumer Portfolio Services Company Profile

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.