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

Consumer Portfolio Services, Inc. (NASDAQ:CPSS) VP Noel Jackson sold 7,500 shares of the stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $9.31, for a total transaction of $69,825.00. Following the sale, the vice president directly owned 7,500 shares of the company’s stock, valued at $69,825. This represents a 50.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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 transaction of $67,410.00.

Consumer Portfolio Services Trading Down 5.2%

CPSS opened at $8.81 on Friday. The stock has a market capitalization of $189.94 million, a P/E ratio of 9.58 and a beta of 1.11. 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 12 month low of $7.15 and a 12 month high of $10.49. The firm’s fifty day simple moving average is $9.35 and its 200 day simple moving average is $8.99.

Consumer Portfolio Services (NASDAQ:CPSS) last released its quarterly earnings results on Tuesday, August 4th. The credit services provider reported $0.27 earnings per share for the quarter. The firm 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%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CPSS. Weiss Ratings downgraded shares of Consumer Portfolio Services from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, August 28th. Wall Street Zen raised shares of Consumer Portfolio Services to a “hold” rating in a research report on Saturday, July 18th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Hedge Funds Weigh In On Consumer Portfolio Services

Several institutional investors and hedge funds have recently modified their holdings of CPSS. Empowered Funds LLC bought a new position in shares of Consumer Portfolio Services in the second quarter valued at about $1,456,000. BlackRock Inc. acquired a new position in Consumer Portfolio Services in the 2nd quarter valued at about $6,297,000. Deutsche Bank AG acquired a new position in Consumer Portfolio Services in the 2nd quarter valued at about $115,000. Bank of New York Mellon Corp bought a new position in Consumer Portfolio Services in the 2nd quarter valued at about $221,000. Finally, Janney Montgomery Scott LLC raised its holdings in 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 acquiring an additional 1,672 shares during the period. 47.57% of the stock is currently owned by institutional investors and hedge funds.

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.