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 dated Friday, June 13th. The shares were sold at an average price of $10.10, for a total value of $30,300.00. Following the completion of the transaction, the director now directly owns 299,311 shares of the company's stock, valued at approximately $3,023,041.10. This trade represents a 0.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 shares were 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 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 shares were sold at an average price of $9.16, for a total value of $57,286.64.

Consumer Portfolio Services Trading Down 1.5%

Shares of CPSS traded down $0.15 during trading hours on Friday, hitting $9.95. The stock had a trading volume of 20,256 shares, compared to its average volume of 30,186. The company has a debt-to-equity ratio of 10.52, a quick ratio of 19.16 and a current ratio of 19.17. The firm has a market cap of $214.52 million, a P/E ratio of 11.44 and a beta of 0.95. The company's fifty day simple moving average is $9.04 and its 200 day simple moving average is $9.93. 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 posted its quarterly earnings results 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). The firm had revenue of $106.87 million during the quarter, compared to analyst estimates of $109.99 million. Consumer Portfolio Services had a return on equity of 7.59% and a net margin of 5.59%. Equities research analysts forecast that Consumer Portfolio Services, Inc. will post 0.85 EPS for the current fiscal year.

Hedge Funds Weigh In On Consumer Portfolio Services

Hedge funds have recently modified their holdings of the stock. Wells Fargo & Company MN raised its position in 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 worth $53,000 after purchasing an additional 984 shares in the last quarter. Barclays PLC lifted its position in Consumer Portfolio Services by 11.5% in the 4th 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 in the last quarter. Bank of America Corp DE lifted its position in 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 valued at $145,000 after acquiring an additional 2,383 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Consumer Portfolio Services by 620.5% during the 4th 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 in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings 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 valued at $275,000 after purchasing an additional 4,789 shares during the period. 47.57% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded Consumer Portfolio Services from a "strong-buy" rating to a "buy" rating in a 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.