Consumer Portfolio Services (NASDAQ:CPSS) VP Sells $34,361.50 in Stock

Consumer Portfolio Services, Inc. (NASDAQ:CPSS) VP Catrina Marie Ralston sold 3,617 shares of the stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $9.50, for a total value of $34,361.50. Following the completion of the transaction, the vice president directly owned 68,262 shares in the company, valued at approximately $648,489. This trade represents a 5.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Catrina Marie Ralston also recently made the following trade(s):

• On Monday, August 10th, Catrina Marie Ralston sold 916 shares of Consumer Portfolio Services stock. The stock was sold at an average price of $9.50, for a total value of $8,702.00.
• On Friday, August 7th, Catrina Marie Ralston sold 467 shares of Consumer Portfolio Services stock. The shares were sold at an average price of $9.50, for a total value of $4,436.50.

Consumer Portfolio Services Stock Performance

NASDAQ:CPSS opened at $9.51 on Monday. Consumer Portfolio Services, Inc. has a 1-year low of $6.67 and a 1-year high of $10.49. The business’s 50-day moving average price is $9.43 and its two-hundred day moving average price is $8.93. The company has a current ratio of 5.67, a quick ratio of 5.67 and a debt-to-equity ratio of 10.43. The firm has a market capitalization of $205.04 million, a price-to-earnings ratio of 10.34 and a beta of 1.13.

Consumer Portfolio Services (NASDAQ:CPSS) last posted its earnings results on Tuesday, August 4th. The credit services provider reported $0.27 earnings per share (EPS) for the quarter. The company had revenue of $57.14 million during the quarter. Consumer Portfolio Services had a return on equity of 6.91% and a net margin of 4.78%.

Institutional Trading of Consumer Portfolio Services

A number of institutional investors have recently modified their holdings of the company. Wells Fargo & Company MN boosted its position in shares of Consumer Portfolio Services by 50.5% during the fourth quarter. Wells Fargo & Company MN now owns 10,744 shares of the credit services provider’s stock worth $100,000 after buying an additional 3,605 shares during the period. Deutsche Bank AG bought a new stake in Consumer Portfolio Services in the 2nd quarter valued at approximately $115,000. JPMorgan Chase & Co. lifted its stake in 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 acquiring an additional 2,333 shares in the last quarter. Barclays PLC boosted its position in Consumer Portfolio Services by 12.2% during the 4th quarter. Barclays PLC now owns 17,049 shares of the credit services provider’s stock worth $159,000 after acquiring an additional 1,860 shares during the last quarter. Finally, Citadel Advisors LLC acquired a new position in Consumer Portfolio Services during the 3rd quarter worth approximately $163,000. 47.57% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CPSS has been the subject of several recent analyst reports. Weiss Ratings raised shares of Consumer Portfolio Services from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, July 1st. Wall Street Zen raised shares of Consumer Portfolio Services to a “hold” rating in a research report on Saturday, July 18th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold”.

About Consumer Portfolio Services

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.