Consumer Portfolio Services, Inc. (NASDAQ:CPSS) Director Brian Rayhill sold 24,500 shares of the firm’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $4.20, for a total transaction of $102,900.00. Following the completion of the transaction, the director now directly owns 52,337 shares in the company, valued at approximately $219,815.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

NASDAQ CPSS remained flat at $$4.40 during trading hours on Friday. 75 shares of the company’s stock were exchanged, compared to its average volume of 35,702. The company has a quick ratio of 14.60, a current ratio of 14.60 and a debt-to-equity ratio of 10.87. Consumer Portfolio Services, Inc. has a 1 year low of $2.99 and a 1 year high of $4.65. The company has a market capitalization of $97.36 million, a PE ratio of 8.63 and a beta of 1.59.

Consumer Portfolio Services (NASDAQ:CPSS) last issued its earnings results on Tuesday, February 12th. The credit services provider reported $0.13 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.13. Consumer Portfolio Services had a net margin of 3.81% and a return on equity of 6.72%. The firm had revenue of $91.22 million for the quarter, compared to analysts’ expectations of $95.43 million. On average, research analysts anticipate that Consumer Portfolio Services, Inc. will post 0.67 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of CPSS. Vanguard Group Inc lifted its holdings in Consumer Portfolio Services by 1.0% in the third quarter. Vanguard Group Inc now owns 746,868 shares of the credit services provider’s stock worth $2,764,000 after acquiring an additional 7,067 shares during the last quarter. Barclays PLC lifted its holdings in Consumer Portfolio Services by 18.6% in the fourth quarter. Barclays PLC now owns 34,850 shares of the credit services provider’s stock worth $105,000 after acquiring an additional 5,476 shares during the last quarter. Finally, Brandywine Global Investment Management LLC bought a new position in Consumer Portfolio Services in the fourth quarter worth about $26,000. 49.44% of the stock is currently owned by hedge funds and other institutional investors.

Separately, Zacks Investment Research raised shares of Consumer Portfolio Services from a “hold” rating to a “buy” rating and set a $4.50 target price on the stock in a report on Friday, February 15th.

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Consumer Portfolio Services Company Profile

Consumer Portfolio Services, Inc operates as a specialty finance company in the United States. It purchases and services 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. The company, through its automobile contract purchases, offers indirect financing to the customers of dealers with limited credit histories, low incomes, or past credit problems.

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