April Crisp Sells 2,500 Shares of Consumer Portfolio Services, Inc. (NASDAQ:CPSS) Stock

Consumer Portfolio Services, Inc. (NASDAQ:CPSS) VP April Crisp sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $11.15, for a total value of $27,875.00. Following the transaction, the vice president now directly owns 17,212 shares of the company’s stock, valued at approximately $191,913.80. This trade represents a 12.68 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Consumer Portfolio Services Stock Up 0.6 %

Shares of Consumer Portfolio Services stock opened at $10.94 on Wednesday. The company has a 50-day simple moving average of $10.29 and a two-hundred day simple moving average of $9.57. The stock has a market capitalization of $234.17 million, a PE ratio of 12.57 and a beta of 1.99. Consumer Portfolio Services, Inc. has a 52-week low of $7.03 and a 52-week high of $12.04. The company has a debt-to-equity ratio of 10.52, a quick ratio of 19.16 and a current ratio of 19.17.

Consumer Portfolio Services (NASDAQ:CPSS) last announced its quarterly earnings data on Thursday, October 31st. The credit services provider reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). The firm had revenue of $100.58 million during the quarter, compared to analysts’ expectations of $98.34 million. Consumer Portfolio Services had a return on equity of 7.59% and a net margin of 5.59%. On average, analysts anticipate that Consumer Portfolio Services, Inc. will post 0.85 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of CPSS. Barclays PLC increased its holdings in Consumer Portfolio Services by 297.6% in the 3rd 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 in the last quarter. Segall Bryant & Hamill LLC purchased a new stake in shares of Consumer Portfolio Services during the 3rd quarter valued at about $445,000. Bank of New York Mellon Corp grew its stake in shares of Consumer Portfolio Services by 1.4% in the second 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 period. Fisher Asset Management LLC purchased a new position in shares of Consumer Portfolio Services during the third quarter valued at approximately $960,000. Finally, Empowered Funds LLC raised its holdings in shares of Consumer Portfolio Services by 5.3% during the third quarter. Empowered Funds LLC now owns 142,520 shares of the credit services provider’s stock valued at $1,337,000 after purchasing an additional 7,236 shares during the last quarter. 47.57% of the stock is owned by institutional investors.

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.