Noel Jackson Sells 9,369 Shares of Consumer Portfolio Services (NASDAQ:CPSS) Stock

Key Points

• Consumer Portfolio Services VP Noel Jackson sold 9,369 shares of company stock for a total of $79,542.81 at an average price of $8.49.
• The company's stock price declined to $8.06 after a trading volume of 32,261 shares on Wednesday, with the 50-day and 200-day moving averages at $8.46 and $8.93 respectively.
• Consumer Portfolio Services reported earnings of $0.20 per share for the last quarter, missing estimates by $0.06, with revenue slightly exceeding expectations at $109.76 million.

Consumer Portfolio Services, Inc. (NASDAQ:CPSS - Get Free Report) VP Noel Jackson sold 9,369 shares of the stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $8.49, for a total transaction of $79,542.81. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Consumer Portfolio Services Trading Down 1.1%

Shares of CPSS stock traded down $0.09 during trading hours on Friday, hitting $8.15. 68,821 shares of the company were exchanged, compared to its average volume of 20,475. The firm has a market cap of $181.09 million, a PE ratio of 10.19 and a beta of 0.95. Consumer Portfolio Services, Inc. has a 1 year low of $6.67 and a 1 year high of $12.73. The company has a quick ratio of 8.03, a current ratio of 8.03 and a debt-to-equity ratio of 9.89. The firm has a fifty day moving average of $8.39 and a 200 day moving average of $8.91.

Consumer Portfolio Services (NASDAQ:CPSS - Get Free Report) last announced its quarterly earnings data on Monday, August 11th. The credit services provider reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.06). The company had revenue of $109.76 million for the quarter, compared to analysts' expectations of $109.63 million. Consumer Portfolio Services had a return on equity of 6.59% and a net margin of 4.60%. Analysts expect that Consumer Portfolio Services, Inc. will post 0.85 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of Consumer Portfolio Services from a "hold" rating to a "buy" rating in a report on Friday, July 18th.

Institutional Trading of Consumer Portfolio Services

Hedge funds have recently made changes to their positions in the company. Northern Trust Corp raised its stake in shares of Consumer Portfolio Services by 7.4% during the fourth quarter. Northern Trust Corp now owns 85,755 shares of the credit services provider's stock valued at $931,000 after purchasing an additional 5,882 shares during the period. Bank of America Corp DE raised its stake in shares of Consumer Portfolio Services by 21.8% during the fourth quarter. Bank of America Corp DE now owns 13,335 shares of the credit services provider's stock valued at $145,000 after purchasing an additional 2,383 shares during the period. Geode Capital Management LLC raised its stake in shares of Consumer Portfolio Services by 8.5% during the second quarter. Geode Capital Management LLC now owns 212,555 shares of the credit services provider's stock valued at $2,090,000 after purchasing an additional 16,563 shares during the period. Empowered Funds LLC raised its stake in shares of Consumer Portfolio Services by 3.8% during the first quarter. Empowered Funds LLC now owns 150,808 shares of the credit services provider's stock valued at $1,308,000 after purchasing an additional 5,588 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in shares of Consumer Portfolio Services by 17.8% during the first quarter. Goldman Sachs Group Inc. now owns 31,752 shares of the credit services provider's stock valued at $275,000 after purchasing an additional 4,789 shares during the period. 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.