Insider Selling: Consumer Portfolio Services, Inc. (NASDAQ:CPSS) Director Sells 3,000 Shares of Stock

Consumer Portfolio Services, Inc. (NASDAQ:CPSS - Get Free Report) Director Greg Washer sold 3,000 shares of the business's stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $10.10, for a total value of $30,300.00. Following the transaction, the director now owns 299,311 shares of the company's stock, valued at $3,023,041.10. This represents a 0.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 value of $66,868.82.
• On Wednesday, June 11th, Greg Washer sold 9,648 shares of Consumer Portfolio Services stock. The stock was sold at an average price of $9.88, for a total value of $95,322.24.
• 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 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

CPSS stock traded down $0.21 during trading on Monday, reaching $9.74. 13,531 shares of the company's stock were exchanged, compared to its average volume of 30,055. 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 1-year low of $7.99 and a 1-year high of $12.73. The company's fifty day moving average price is $9.05 and its 200-day moving average price is $9.93. The firm has a market cap of $209.99 million, a PE ratio of 11.20 and a beta of 0.95.

Consumer Portfolio Services (NASDAQ:CPSS - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The credit services provider reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.30 by ($0.11). Consumer Portfolio Services had a return on equity of 7.59% and a net margin of 5.59%. The firm had revenue of $106.87 million during the quarter, compared to the consensus estimate of $109.99 million. On average, research analysts expect that Consumer Portfolio Services, Inc. will post 0.85 EPS for the current fiscal year.

Institutional Trading of Consumer Portfolio Services

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Empowered Funds LLC raised its stake in shares of Consumer Portfolio Services by 3.8% in the 1st 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. Goldman Sachs Group Inc. raised its stake 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 buying an additional 4,789 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Consumer Portfolio Services by 21.8% in the 4th quarter. Bank of America Corp DE now owns 13,335 shares of the credit services provider's stock worth $145,000 after buying an additional 2,383 shares in the last quarter. Northern Trust Corp raised its stake in shares of Consumer Portfolio Services by 7.4% in the 4th quarter. Northern Trust Corp now owns 85,755 shares of the credit services provider's stock worth $931,000 after buying an additional 5,882 shares in the last quarter. Finally, Barclays PLC raised its stake in shares of Consumer Portfolio Services by 11.5% in the 4th quarter. Barclays PLC now owns 13,147 shares of the credit services provider's stock worth $143,000 after buying an additional 1,353 shares in the last quarter. Institutional investors own 47.57% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen lowered 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.