Consumer Portfolio Services, Inc. (NASDAQ:CPSS – Get Free Report) VP Noel Jackson sold 7,500 shares of the stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $9.31, for a total value of $69,825.00. Following the completion of the transaction, the vice president directly owned 7,500 shares in the company, valued at $69,825. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
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 shares were sold at an average price of $9.63, for a total value of $67,410.00.
Consumer Portfolio Services Stock Up 6.7%
Shares of NASDAQ CPSS opened at $9.40 on Friday. The business has a 50-day moving average of $9.34 and a two-hundred day moving average of $8.99. The company has a market capitalization of $202.62 million, a price-to-earnings ratio of 10.22 and a beta of 1.11. Consumer Portfolio Services, Inc. has a 1 year low of $7.30 and a 1 year high of $10.49. The company has a debt-to-equity ratio of 10.43, a current ratio of 5.67 and a quick ratio of 5.67.
Institutional Investors Weigh In On Consumer Portfolio Services
Several large investors have recently modified their holdings of the stock. Wells Fargo & Company MN lifted its holdings 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 purchasing an additional 3,605 shares during the period. Deutsche Bank AG acquired a new position in Consumer Portfolio Services in the 2nd quarter valued at $115,000. JPMorgan Chase & Co. raised its position in Consumer Portfolio Services by 17.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 15,739 shares of the credit services provider’s stock worth $119,000 after buying an additional 2,333 shares during the last quarter. Barclays PLC raised 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 buying an additional 1,860 shares during the last quarter. Finally, Citadel Advisors LLC acquired a new stake in shares of Consumer Portfolio Services in the 3rd quarter worth $163,000. Hedge funds and other institutional investors own 47.57% of the company’s stock.
Analysts Set New Price Targets
Several brokerages have commented on CPSS. Wall Street Zen upgraded shares of Consumer Portfolio Services to a “hold” rating in a research note on Saturday, July 18th. Weiss Ratings downgraded shares of Consumer Portfolio Services from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, August 28th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.
Get Our Latest Stock Report on CPSS
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.
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