Consumer Portfolio Services, Inc. (NASDAQ:CPSS) Director Greg Washer Sells 6,647 Shares

Consumer Portfolio Services, Inc. (NASDAQ:CPSS - Get Free Report) Director Greg Washer sold 6,647 shares of Consumer Portfolio Services stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $10.06, for a total transaction of $66,868.82. Following the transaction, the director now directly owns 302,311 shares of the company's stock, valued at approximately $3,041,248.66. This trade represents a 2.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Greg Washer also recently made the following trade(s):

• On Wednesday, June 11th, Greg Washer sold 9,648 shares of Consumer Portfolio Services stock. The shares were sold at an average price of $9.88, for a total transaction of $95,322.24.
• On Friday, June 13th, Greg Washer sold 3,000 shares of Consumer Portfolio Services stock. The shares were sold at an average price of $10.10, for a total transaction of $30,300.00.
• On Friday, May 16th, Greg Washer sold 140 shares of Consumer Portfolio Services stock. The shares were sold at an average price of $8.96, for a total transaction of $1,254.40.
• On Thursday, May 15th, Greg Washer sold 6,254 shares of Consumer Portfolio Services stock. The shares were sold at an average price of $9.16, for a total transaction of $57,286.64.

Consumer Portfolio Services Stock Performance

Shares of NASDAQ:CPSS traded down $0.21 during trading on Monday, hitting $9.74. 13,531 shares of the stock traded hands, compared to its average volume of 30,055. The company has a market cap of $209.99 million, a price-to-earnings ratio of 11.20 and a beta of 0.95. The company has a fifty day moving average price of $9.05 and a two-hundred day moving average price of $9.93. 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 $7.99 and a 52-week high of $12.73.

Consumer Portfolio Services (NASDAQ:CPSS - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The credit services provider reported $0.19 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.11). The company had revenue of $106.87 million during the quarter, compared to analysts' expectations of $109.99 million. Consumer Portfolio Services had a return on equity of 7.59% and a net margin of 5.59%. As a group, equities analysts predict that Consumer Portfolio Services, Inc. will post 0.85 EPS for the current year.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered shares of Consumer Portfolio Services from a "strong-buy" rating to a "buy" rating in a report on Monday, May 19th.

Institutional Investors Weigh In On Consumer Portfolio Services

Several institutional investors and hedge funds have recently added to or reduced their stakes in CPSS. Empowered Funds LLC increased its holdings in Consumer Portfolio Services by 1.9% in the 4th quarter. Empowered Funds LLC now owns 145,220 shares of the credit services provider's stock worth $1,577,000 after acquiring an additional 2,700 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Consumer Portfolio Services by 620.5% in the 4th quarter. JPMorgan Chase & Co. now owns 29,173 shares of the credit services provider's stock worth $317,000 after acquiring an additional 25,124 shares in the last quarter. Geode Capital Management LLC increased its holdings in Consumer Portfolio Services by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 193,181 shares of the credit services provider's stock worth $2,098,000 after acquiring an additional 2,411 shares in the last quarter. Wells Fargo & Company MN increased its holdings in Consumer Portfolio Services by 25.2% in the 4th quarter. Wells Fargo & Company MN now owns 4,883 shares of the credit services provider's stock worth $53,000 after acquiring an additional 984 shares in the last quarter. Finally, Barclays PLC increased its holdings in Consumer Portfolio Services by 11.5% in the 4th quarter. Barclays PLC now owns 13,147 shares of the credit services provider's stock worth $143,000 after acquiring an additional 1,353 shares in the last quarter. Hedge funds and other institutional investors own 47.57% of the company's stock.

Consumer Portfolio Services Company Profile

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.