Daniel S. Wood Sells 8,000 Shares of Consumer Portfolio Services, Inc. (NASDAQ:CPSS) Stock

Consumer Portfolio Services, Inc. (NASDAQ:CPSS) Director Daniel S. Wood sold 8,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $10.49, for a total transaction of $83,920.00. Following the transaction, the director now directly owns 186,910 shares of the company’s stock, valued at $1,960,685.90. This represents a 4.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Consumer Portfolio Services Trading Down 1.0 %

NASDAQ:CPSS opened at $10.55 on Friday. Consumer Portfolio Services, Inc. has a 12 month low of $7.03 and a 12 month high of $12.04. The company has a current ratio of 19.17, a quick ratio of 19.16 and a debt-to-equity ratio of 10.52. The firm’s 50 day moving average is $9.92 and its 200 day moving average is $9.28. The stock has a market capitalization of $225.88 million, a PE ratio of 12.13 and a beta of 2.00.

Consumer Portfolio Services (NASDAQ:CPSS) last issued its earnings results on Thursday, October 31st. The credit services provider reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.01). Consumer Portfolio Services had a net margin of 5.59% and a return on equity of 7.59%. The firm had revenue of $100.58 million during the quarter, compared to the consensus estimate of $98.34 million. Sell-side analysts expect that Consumer Portfolio Services, Inc. will post 0.85 earnings per share for the current year.

Institutional Investors Weigh In On Consumer Portfolio Services

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Consumer Portfolio Services by 0.7% during the first quarter. Vanguard Group Inc. now owns 521,457 shares of the credit services provider’s stock worth $3,942,000 after purchasing an additional 3,418 shares during the period. Bank of New York Mellon Corp raised its position 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 valued at $975,000 after purchasing an additional 1,343 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of Consumer Portfolio Services by 229.7% during the 1st quarter. BNP Paribas Financial Markets now owns 9,051 shares of the credit services provider’s stock valued at $68,000 after buying an additional 6,306 shares in the last quarter. Empowered Funds LLC boosted its holdings in Consumer Portfolio Services by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 142,520 shares of the credit services provider’s stock worth $1,337,000 after buying an additional 7,236 shares during the period. Finally, Barclays PLC grew its stake 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 valued at $110,000 after buying an additional 8,828 shares in the last quarter. 47.57% of the stock is currently 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.