William B. Roberts Sells 6,259 Shares of Consumer Portfolio Services, Inc. (NASDAQ:CPSS) Stock

Consumer Portfolio Services, Inc. (NASDAQ:CPSS) Director William B. Roberts sold 6,259 shares of Consumer Portfolio Services stock in a transaction on Friday, March 7th. The stock was sold at an average price of $9.41, for a total value of $58,897.19. Following the sale, the director now directly owns 690,078 shares of the company’s stock, valued at $6,493,633.98. This represents a 0.90 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Consumer Portfolio Services Stock Down 1.5 %

CPSS stock opened at $9.41 on Friday. The company has a market cap of $201.42 million, a PE ratio of 10.82 and a beta of 2.14. The business has a 50-day simple moving average of $10.97 and a 200 day simple moving average of $10.26. Consumer Portfolio Services, Inc. has a 52 week low of $7.03 and a 52 week high of $12.73. The company has a quick ratio of 19.16, a current ratio of 19.17 and a debt-to-equity ratio of 10.52.

Consumer Portfolio Services (NASDAQ:CPSS) last posted its quarterly earnings results on Tuesday, February 25th. The credit services provider reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.06). The company had revenue of $105.30 million during the quarter, compared to analyst estimates of $102.37 million. Consumer Portfolio Services had a net margin of 5.59% and a return on equity of 7.59%. Sell-side analysts anticipate that Consumer Portfolio Services, Inc. will post 0.85 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CPSS. Verity & Verity LLC bought a new position in Consumer Portfolio Services in the fourth quarter valued at about $1,309,000. Fisher Asset Management LLC bought a new position in Consumer Portfolio Services in the third quarter valued at about $960,000. Segall Bryant & Hamill LLC bought a new position in Consumer Portfolio Services in the third quarter valued at about $445,000. JPMorgan Chase & Co. grew its position 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 valued at $317,000 after acquiring an additional 25,124 shares during the last quarter. Finally, Barclays PLC grew its position in Consumer Portfolio Services by 297.6% in the third quarter. Barclays PLC now owns 11,794 shares of the credit services provider’s stock valued at $110,000 after acquiring an additional 8,828 shares during the last quarter. Institutional investors own 47.57% of the company’s stock.

Analysts Set New Price Targets

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

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.