Greg Washer Sells 9,648 Shares of Consumer Portfolio Services, Inc. (NASDAQ:CPSS) Stock

Consumer Portfolio Services, Inc. (NASDAQ:CPSS - Get Free Report) Director Greg Washer sold 9,648 shares of the stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $9.88, for a total transaction of $95,322.24. Following the completion of the transaction, the director now owns 308,958 shares of the company's stock, valued at $3,052,505.04. This trade represents a 3.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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 shares were sold at an average price of $10.10, for a total value 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 value 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 value of $57,286.64.

Consumer Portfolio Services Stock Performance

Consumer Portfolio Services stock traded down $0.15 during trading hours on Friday, reaching $9.95. 20,256 shares of the company were exchanged, compared to its average volume of 30,268. The firm has a market cap of $214.52 million, a price-to-earnings ratio of 11.44 and a beta of 0.95. Consumer Portfolio Services, Inc. has a 12 month low of $7.99 and a 12 month high of $12.73. The company has a current ratio of 19.17, a quick ratio of 19.16 and a debt-to-equity ratio of 10.52. The stock has a 50-day moving average of $9.02 and a 200 day moving average of $9.94.

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 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.11). The business had revenue of $106.87 million during the quarter, compared to analyst estimates of $109.99 million. Consumer Portfolio Services had a net margin of 5.59% and a return on equity of 7.59%. As a group, research analysts anticipate that Consumer Portfolio Services, Inc. will post 0.85 earnings per share for the current year.

Institutional Trading of Consumer Portfolio Services

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its holdings in shares of Consumer Portfolio Services by 620.5% during the fourth quarter. JPMorgan Chase & Co. now owns 29,173 shares of the credit services provider's stock worth $317,000 after buying an additional 25,124 shares during the last quarter. Northern Trust Corp grew its stake in shares of Consumer Portfolio Services by 7.4% in the fourth quarter. Northern Trust Corp now owns 85,755 shares of the credit services provider's stock worth $931,000 after acquiring an additional 5,882 shares during the last quarter. Empowered Funds LLC increased its position in 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 worth $1,308,000 after acquiring an additional 5,588 shares during the period. Goldman Sachs Group Inc. increased its position in 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 worth $275,000 after acquiring an additional 4,789 shares during the period. Finally, Geode Capital Management LLC raised its stake in Consumer Portfolio Services by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 193,181 shares of the credit services provider's stock valued at $2,098,000 after purchasing an additional 2,411 shares during the last quarter. Institutional investors and hedge funds own 47.57% of the company's stock.

Wall Street Analyst Weigh In

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

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.

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