Consumer Portfolio Services (NASDAQ:CPSS) VP Catrina Marie Ralston Sells 3,617 Shares

Key Points

• Insider sale: Consumer Portfolio Services VP Catrina Marie Ralston sold 3,617 shares at $9.50 each for $34,361.50, reducing her holdings by 5.03% to 68,262 shares. She also sold 1,383 shares in two earlier August transactions.
• Stock and earnings: CPSS shares fell 0.9% to $9.55, while the company reported quarterly EPS of $0.27 and revenue of $57.14 million. The stock has traded between $6.67 and $10.49 over the past year.
• Analyst and institutional activity: Recent analyst actions moved the stock from “sell” toward “hold,” with the overall rating at “Hold.” Institutional investors own 47.57% of CPSS, and several firms recently increased their stakes.

Consumer Portfolio Services, Inc. (NASDAQ:CPSS - Get Free Report) VP Catrina Marie Ralston sold 3,617 shares of the company's stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $9.50, for a total transaction of $34,361.50. Following the completion of the sale, the vice president owned 68,262 shares in the company, valued at $648,489. This represents a 5.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Catrina Marie Ralston also recently made the following trade(s):

• On Monday, August 10th, Catrina Marie Ralston sold 916 shares of Consumer Portfolio Services stock. The shares were sold at an average price of $9.50, for a total value of $8,702.00.
• On Friday, August 7th, Catrina Marie Ralston sold 467 shares of Consumer Portfolio Services stock. The stock was sold at an average price of $9.50, for a total value of $4,436.50.

Consumer Portfolio Services Stock Down 0.9%

Shares of CPSS stock traded down $0.09 during trading hours on Friday, reaching $9.55. The company had a trading volume of 6,596 shares, compared to its average volume of 21,544. Consumer Portfolio Services, Inc. has a 12 month low of $6.67 and a 12 month high of $10.49. The company has a debt-to-equity ratio of 10.18, a current ratio of 7.48 and a quick ratio of 7.48. The business has a fifty day simple moving average of $9.43 and a 200-day simple moving average of $8.92. The company has a market cap of $206.01 million, a price-to-earnings ratio of 10.45 and a beta of 1.13.

Consumer Portfolio Services (NASDAQ:CPSS - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The credit services provider reported $0.27 earnings per share (EPS) for the quarter. The business had revenue of $57.14 million during the quarter. Consumer Portfolio Services had a return on equity of 6.96% and a net margin of 4.78%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on CPSS shares. Wall Street Zen upgraded shares of Consumer Portfolio Services to a "hold" rating in a report on Saturday, July 18th. Weiss Ratings raised shares of Consumer Portfolio Services from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Wednesday, July 1st. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of "Hold".

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CPSS. Janney Montgomery Scott LLC raised its holdings in shares of Consumer Portfolio Services by 3.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 51,003 shares of the credit services provider's stock worth $394,000 after purchasing an additional 1,672 shares during the period. Barclays PLC increased its position in Consumer Portfolio Services by 12.2% in the fourth quarter. Barclays PLC now owns 17,049 shares of the credit services provider's stock worth $159,000 after buying an additional 1,860 shares during the last quarter. Bank of New York Mellon Corp increased its position in Consumer Portfolio Services by 9.6% in the first quarter. Bank of New York Mellon Corp now owns 23,022 shares of the credit services provider's stock worth $178,000 after buying an additional 2,026 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Consumer Portfolio Services by 17.4% in the third quarter. JPMorgan Chase & Co. now owns 15,739 shares of the credit services provider's stock valued at $119,000 after buying an additional 2,333 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of Consumer Portfolio Services by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 221,565 shares of the credit services provider's stock valued at $2,067,000 after buying an additional 3,604 shares during the last quarter. 47.57% of the stock is currently owned by hedge funds and other institutional investors.

About Consumer Portfolio Services

Consumer Portfolio Services, Inc is a specialty finance company focused on originating and servicing retail installment contracts for the automotive industry. The company primarily serves subprime and near-prime borrowers by partnering with a network of franchised and independent auto dealers across the United States. By providing flexible financing solutions, CPS seeks to expand vehicle ownership opportunities for customers who may not qualify for traditional prime auto loans.

CPS operates through two principal segments: loan origination and servicing.

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