Consumer Portfolio Services, Inc. (NASDAQ:CPSS - Get Free Report) Director William B. Roberts sold 10,000 shares of the business's stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $10.33, for a total value of $103,300.00. Following the completion of the sale, the director now owns 724,803 shares in the company, valued at $7,487,214.99. This represents a 1.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Consumer Portfolio Services Stock Up 0.9 %
Shares of NASDAQ CPSS opened at $10.66 on Thursday. The company has a debt-to-equity ratio of 10.52, a quick ratio of 19.16 and a current ratio of 19.17. The stock has a 50 day moving average price of $10.01 and a 200 day moving average price of $9.39. The firm has a market capitalization of $228.23 million, a price-to-earnings ratio of 12.25 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.
Consumer Portfolio Services (NASDAQ:CPSS - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The credit services provider reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.01). Consumer Portfolio Services had a return on equity of 7.59% and a net margin of 5.59%. The business had revenue of $100.58 million during the quarter, compared to analysts' expectations of $98.34 million. Sell-side analysts expect that Consumer Portfolio Services, Inc. will post 0.85 earnings per share for the current year.
Analyst Ratings Changes
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Separately, StockNews.com raised Consumer Portfolio Services from a "buy" rating to a "strong-buy" rating in a research note on Thursday, November 28th.
Read Our Latest Analysis on CPSS
Institutional Investors Weigh In On Consumer Portfolio Services
Several hedge funds have recently modified their holdings of CPSS. Barclays PLC lifted its position in shares of 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 purchasing an additional 8,828 shares during the period. Segall Bryant & Hamill LLC purchased a new stake in shares of Consumer Portfolio Services in the 3rd quarter worth approximately $445,000. Fisher Asset Management LLC purchased a new stake in shares of Consumer Portfolio Services in the 3rd quarter worth approximately $960,000. Bank of New York Mellon Corp raised its stake 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 in the last quarter. Finally, Empowered Funds LLC raised its stake in shares of Consumer Portfolio Services by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 142,520 shares of the credit services provider's stock worth $1,337,000 after acquiring an additional 7,236 shares in the last quarter. Hedge funds and other institutional investors own 47.57% of the company's stock.
Consumer Portfolio Services Company Profile
(
Get Free Report)
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.
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