Consumer Portfolio Services, Inc. (NASDAQ:CPSS) Director Sells $95,322.24 in Stock

Consumer Portfolio Services, Inc. (NASDAQ:CPSS - Get Free Report) Director Greg Washer sold 9,648 shares of the company's stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $9.88, for a total transaction of $95,322.24. Following the transaction, the director now owns 308,958 shares of the company's stock, valued at approximately $3,052,505.04. This represents a 3.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Thursday, June 12th, Greg Washer sold 6,647 shares of Consumer Portfolio Services stock. The stock was sold at an average price of $10.06, for a total transaction of $66,868.82.
• On Friday, June 13th, Greg Washer sold 3,000 shares of Consumer Portfolio Services stock. The stock was 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 stock was 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 stock was sold at an average price of $9.16, for a total transaction of $57,286.64.

Consumer Portfolio Services Price Performance

Consumer Portfolio Services stock traded down $0.21 during mid-day trading on Monday, reaching $9.74. 13,531 shares of the company's 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 stock has a 50 day moving average of $9.05 and a two-hundred day moving average 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 12-month low of $7.99 and a 12-month high of $12.73.

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

Institutional Investors Weigh In On Consumer Portfolio Services

A number of hedge funds have recently bought and sold shares of CPSS. Wells Fargo & Company MN raised its stake in shares of Consumer Portfolio Services by 25.2% in the fourth quarter. Wells Fargo & Company MN now owns 4,883 shares of the credit services provider's stock valued at $53,000 after acquiring an additional 984 shares during the period. Barclays PLC raised its stake in shares of Consumer Portfolio Services by 11.5% in the fourth quarter. Barclays PLC now owns 13,147 shares of the credit services provider's stock valued at $143,000 after acquiring an additional 1,353 shares during the period. Bank of America Corp DE raised its stake in shares of Consumer Portfolio Services by 21.8% in 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 acquiring an additional 2,383 shares during the period. Geode Capital Management LLC raised its stake in shares of Consumer Portfolio Services by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 193,181 shares of the credit services provider's stock valued at $2,098,000 after acquiring an additional 2,411 shares during the period. Finally, Empowered Funds LLC raised its stake in shares of Consumer Portfolio Services by 1.9% in the fourth quarter. Empowered Funds LLC now owns 145,220 shares of the credit services provider's stock valued at $1,577,000 after acquiring an additional 2,700 shares during the period. Hedge funds and other institutional investors own 47.57% of the company's stock.

Analysts Set New Price Targets

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

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.