Consumer Portfolio Services (NASDAQ:CPSS) VP Sells 7,500 Shares

Key Points

• Insider selling: Consumer Portfolio Services VP Noel Jackson sold 7,500 shares at an average price of $9.31, worth $69,825, reducing his direct ownership by 50% to 7,500 shares. He also sold 7,000 shares in June.
• Stock performance and financials: CPSS shares fell 3.5% to $8.96, while the company recently reported quarterly EPS of $0.27 and revenue of $57.14 million.
• Analyst sentiment remains negative: MarketBeat reports an average “Sell” rating, including a recent downgrade from Weiss Ratings; institutional investors own 47.57% of the company.

Consumer Portfolio Services, Inc. (NASDAQ:CPSS - Get Free Report) VP Noel Jackson sold 7,500 shares of the company's stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $9.31, for a total value of $69,825.00. Following the transaction, the vice president directly owned 7,500 shares in the company, valued at $69,825. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Noel Jackson also recently made the following trade(s):

• On Tuesday, June 16th, Noel Jackson sold 7,000 shares of Consumer Portfolio Services stock. The stock was sold at an average price of $9.63, for a total value of $67,410.00.

Consumer Portfolio Services Stock Down 3.5%

NASDAQ CPSS traded down $0.33 during trading on Thursday, reaching $8.96. 35,850 shares of the company's stock were exchanged, compared to its average volume of 21,430. The company has a current ratio of 5.67, a quick ratio of 5.67 and a debt-to-equity ratio of 10.43. Consumer Portfolio Services, Inc. has a fifty-two week low of $7.15 and a fifty-two week high of $10.49. The company's fifty day simple moving average is $9.36 and its 200-day simple moving average is $8.99. The firm has a market capitalization of $193.24 million, a PE ratio of 9.74 and a beta of 1.11.

Consumer Portfolio Services (NASDAQ:CPSS - Get Free Report) last posted 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 net margin of 4.78% and a return on equity of 6.91%.

Institutional Trading of Consumer Portfolio Services

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. lifted its position in shares of Consumer Portfolio Services by 17.8% in the 1st 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. Empowered Funds LLC boosted its stake 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 buying an additional 5,588 shares in the last quarter. Geode Capital Management LLC increased its holdings in Consumer Portfolio Services by 8.5% in the 2nd quarter. Geode Capital Management LLC now owns 212,555 shares of the credit services provider's stock valued at $2,090,000 after buying an additional 16,563 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Consumer Portfolio Services by 17.4% in the 3rd 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 in the last quarter. Finally, Citadel Advisors LLC bought a new position in shares of Consumer Portfolio Services during the 3rd quarter worth about $163,000. 47.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Wall Street Zen upgraded Consumer Portfolio Services to a "hold" rating in a report on Saturday, July 18th. Weiss Ratings lowered shares of Consumer Portfolio Services from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Friday, August 28th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of "Sell".

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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