Greg Washer Sells 40,000 Shares of Consumer Portfolio Services, Inc. (NASDAQ:CPSS) Stock

Consumer Portfolio Services, Inc. (NASDAQ:CPSS) Director Greg Washer sold 40,000 shares of Consumer Portfolio Services stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $9.50, for a total transaction of $380,000.00. Following the sale, the director now owns 275,981 shares in the company, valued at $2,621,819.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Consumer Portfolio Services Trading Up 1.4 %

Shares of NASDAQ CPSS opened at $9.74 on Thursday. The stock has a market cap of $204.74 million, a P/E ratio of 6.76 and a beta of 2.00. The firm has a 50 day moving average price of $9.20 and a two-hundred day moving average price of $8.74. The company has a debt-to-equity ratio of 10.19, a quick ratio of 21.80 and a current ratio of 21.80. Consumer Portfolio Services, Inc. has a 52-week low of $7.03 and a 52-week high of $12.04.

Consumer Portfolio Services (NASDAQ:CPSS) last announced its earnings results on Tuesday, July 30th. The credit services provider reported $0.19 earnings per share (EPS) for the quarter. The business had revenue of $95.88 million during the quarter. Consumer Portfolio Services had a return on equity of 9.76% and a net margin of 7.22%. As a group, equities analysts forecast that Consumer Portfolio Services, Inc. will post 0.9 EPS for the current year.

Hedge Funds Weigh In On Consumer Portfolio Services

A number of hedge funds have recently made changes to their positions in the stock. Bank of New York Mellon Corp increased its position in Consumer Portfolio Services by 1.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 99,481 shares of the credit services provider’s stock valued at $975,000 after purchasing an additional 1,343 shares during the period. Vanguard Group Inc. boosted its stake in shares of Consumer Portfolio Services by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 521,457 shares of the credit services provider’s stock valued at $3,942,000 after purchasing an additional 3,418 shares during the last quarter. Empowered Funds LLC increased its position in shares of Consumer Portfolio Services by 8.1% during the first quarter. Empowered Funds LLC now owns 125,564 shares of the credit services provider’s stock worth $949,000 after buying an additional 9,450 shares during the period. Janney Montgomery Scott LLC raised its stake in Consumer Portfolio Services by 9.8% during the first quarter. Janney Montgomery Scott LLC now owns 50,005 shares of the credit services provider’s stock worth $378,000 after buying an additional 4,483 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in Consumer Portfolio Services by 229.7% in the first quarter. BNP Paribas Financial Markets now owns 9,051 shares of the credit services provider’s stock valued at $68,000 after buying an additional 6,306 shares during the period. 47.57% of the stock is currently owned by institutional investors.

Consumer Portfolio Services Company Profile

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.