Consumer Portfolio Services, Inc. (NASDAQ:CPSS) Director William B. Roberts Sells 50,000 Shares

Consumer Portfolio Services, Inc. (NASDAQ:CPSS) Director William B. Roberts sold 50,000 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $10.76, for a total value of $538,000.00. Following the sale, the director now directly owns 850,078 shares in the company, valued at $9,146,839.28. This trade represents a 5.56 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Consumer Portfolio Services Stock Performance

Shares of Consumer Portfolio Services stock opened at $10.57 on Friday. 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, Inc. has a 52 week low of $7.03 and a 52 week high of $12.04. The firm’s 50 day moving average is $9.82 and its two-hundred day moving average is $9.22. The firm has a market capitalization of $226.30 million, a P/E ratio of 12.15 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 company had revenue of $100.58 million during the quarter, compared to analyst estimates of $98.34 million. Research analysts forecast that Consumer Portfolio Services, Inc. will post 0.85 EPS for the current fiscal year.

Hedge Funds Weigh In On Consumer Portfolio Services

Several hedge funds have recently made changes to their positions in the company. BNP Paribas Financial Markets lifted its holdings in shares of Consumer Portfolio Services by 229.7% in the 1st quarter. BNP Paribas Financial Markets now owns 9,051 shares of the credit services provider’s stock valued at $68,000 after purchasing an additional 6,306 shares during the last quarter. Barclays PLC increased its position in Consumer Portfolio Services by 297.6% during the third 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 during the period. Janney Montgomery Scott LLC lifted its stake in Consumer Portfolio Services by 9.8% in the first quarter. Janney Montgomery Scott LLC now owns 50,005 shares of the credit services provider’s stock valued at $378,000 after buying an additional 4,483 shares during the last quarter. Segall Bryant & Hamill LLC purchased a new stake in Consumer Portfolio Services in the third quarter valued at approximately $445,000. Finally, Empowered Funds LLC boosted its holdings in shares of Consumer Portfolio Services by 8.1% in the first quarter. Empowered Funds LLC now owns 125,564 shares of the credit services provider’s stock valued at $949,000 after acquiring an additional 9,450 shares during the period. Hedge funds and other institutional investors own 47.57% of the company’s stock.

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.