Consumer Portfolio Services (NASDAQ:CPSS) CEO Charles Bradley Jr Sells 125,000 Shares

Key Points

• CEO Charles Bradley Jr. sold 125,000 CPSS shares at an average price of $9.46, generating $1.18 million and reducing his direct holdings by 2.96% to approximately 4.10 million shares.
• Consumer Portfolio Services reported quarterly earnings of $0.27 per share on $57.14 million in revenue, with a 4.78% net margin and 6.91% return on equity.
• CPSS shares recently traded at $9.42, while institutional investors owned 47.57% of the company; analysts’ consensus rating remains Hold.

Consumer Portfolio Services, Inc. (NASDAQ:CPSS - Get Free Report) CEO Charles Bradley, Jr. sold 125,000 shares of the business's stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $9.46, for a total value of $1,182,500.00. Following the completion of the transaction, the chief executive officer directly owned 4,099,545 shares of the company's stock, valued at approximately $38,781,695.70. This trade represents a 2.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Consumer Portfolio Services Stock Performance

Shares of NASDAQ CPSS traded up $0.04 during trading on Friday, reaching $9.42. 18,679 shares of the company traded hands, compared to its average volume of 21,253. The firm has a 50 day simple moving average of $9.39 and a 200-day simple moving average of $8.97. Consumer Portfolio Services, Inc. has a 52-week low of $6.67 and a 52-week high of $10.49. The stock has a market capitalization of $203.05 million, a PE ratio of 10.24 and a beta of 1.13. The company has a quick ratio of 5.67, a current ratio of 5.67 and a debt-to-equity ratio of 10.43.

Consumer Portfolio Services (NASDAQ:CPSS - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The credit services provider reported $0.27 earnings per share for the quarter. Consumer Portfolio Services had a net margin of 4.78% and a return on equity of 6.91%. The firm had revenue of $57.14 million during the quarter.

Institutional Investors Weigh In On Consumer Portfolio Services

Hedge funds have recently modified their holdings of the business. Janney Montgomery Scott LLC raised its holdings in 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 grew its holdings in Consumer Portfolio Services by 12.2% during the fourth quarter. Barclays PLC now owns 17,049 shares of the credit services provider's stock valued at $159,000 after purchasing an additional 1,860 shares during the period. 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 in the last quarter. JPMorgan Chase & Co. increased its position in 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 worth $119,000 after buying an additional 2,333 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Consumer Portfolio Services by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 221,565 shares of the credit services provider's stock worth $2,067,000 after buying an additional 3,604 shares during the period. Institutional investors own 47.57% of the company's stock.

Analysts Set New Price Targets

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

Consumer Portfolio Services Company Profile

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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