Consumer Portfolio Services (NASDAQ:CPSS) Stock: Insider Charles Bradley, Jr. Sells 200,000 Shares

Consumer Portfolio Services, Inc. (NASDAQ:CPSS) CEO Charles Bradley, Jr. sold 200,000 shares of the company’s stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $10.14, for a total transaction of $2,028,000.00. Following the completion of the sale, the chief executive officer directly owned 3,899,545 shares in the company, valued at approximately $39,541,386.30. The trade was a 4.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Consumer Portfolio Services Stock Performance

CPSS opened at $10.17 on Friday. Consumer Portfolio Services, Inc. has a 12-month low of $7.46 and a 12-month high of $10.49. The business has a 50 day moving average of $9.40 and a 200-day moving average of $9.05. The company has a quick ratio of 5.67, a current ratio of 5.79 and a debt-to-equity ratio of 11.33. The stock has a market cap of $222.21 million, a price-to-earnings ratio of 9.97 and a beta of 1.10.

Consumer Portfolio Services (NASDAQ:CPSS) last released its quarterly earnings data on Friday, October 23rd. The credit services provider reported $0.30 EPS for the quarter. The firm had revenue of $61.39 million during the quarter. Consumer Portfolio Services had a net margin of 4.99% and a return on equity of 7.48%.

Institutional Trading of Consumer Portfolio Services

Several large investors have recently modified their holdings of the stock. BlackRock Inc. bought a new stake in Consumer Portfolio Services during the second quarter worth $6,297,000. Empowered Funds LLC bought a new position in shares of Consumer Portfolio Services in the 2nd quarter valued at $1,456,000. Russell Investments Group Ltd. increased its stake in shares of Consumer Portfolio Services by 398.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 74,080 shares of the credit services provider’s stock valued at $679,000 after purchasing an additional 59,226 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in shares of 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 valued at $394,000 after purchasing an additional 1,672 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in shares of Consumer Portfolio Services during the 2nd quarter worth $221,000. 47.57% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Weiss Ratings upgraded shares of Consumer Portfolio Services from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, September 14th. Wall Street Zen raised shares of Consumer Portfolio Services from a “hold” rating to a “buy” rating in a report on Saturday. One research analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, Consumer Portfolio Services presently has a consensus rating of “Hold”.

About Consumer Portfolio Services

Consumer Portfolio Services, Inc (NASDAQ: CPSS) is a specialty finance company that provides indirect automobile financing to consumers, primarily those with limited or impaired credit histories. The company works with franchised and independent automobile dealers to arrange financing for purchasers of new and used vehicles.

Consumer Portfolio Services typically purchases retail installment sales contracts originated by its dealer partners and then services the related automotive loans.