Laurie Straten Sells 50,000 Shares of Consumer Portfolio Services, Inc. (NASDAQ:CPSS) Stock

Consumer Portfolio Services, Inc. (NASDAQ:CPSSGet Rating) VP Laurie Straten sold 50,000 shares of the stock in a transaction that occurred on Monday, May 2nd. The shares were sold at an average price of $11.50, for a total value of $575,000.00. Following the completion of the sale, the vice president now directly owns 114,450 shares of the company’s stock, valued at $1,316,175. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Laurie Straten also recently made the following trade(s):

  • On Tuesday, March 8th, Laurie Straten sold 10,000 shares of Consumer Portfolio Services stock. The shares were sold at an average price of $11.90, for a total transaction of $119,000.00.

Shares of CPSS stock opened at $13.92 on Thursday. The stock’s 50-day moving average price is $11.51 and its 200 day moving average price is $10.18. The company has a quick ratio of 14.08, a current ratio of 14.08 and a debt-to-equity ratio of 10.81. The stock has a market capitalization of $296.08 million, a PE ratio of 5.87 and a beta of 2.19. Consumer Portfolio Services, Inc. has a 52-week low of $3.85 and a 52-week high of $14.77.

Consumer Portfolio Services (NASDAQ:CPSSGet Rating) last announced its earnings results on Monday, February 14th. The credit services provider reported $0.68 earnings per share for the quarter. The company had revenue of $69.37 million for the quarter. Consumer Portfolio Services had a return on equity of 39.24% and a net margin of 22.75%.

Separately, StockNews.com began coverage on shares of Consumer Portfolio Services in a research report on Thursday, March 31st. They set a “strong-buy” rating on the stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. BNP Paribas Arbitrage SA purchased a new position in Consumer Portfolio Services in the 4th quarter valued at $30,000. Hillsdale Investment Management Inc. purchased a new stake in shares of Consumer Portfolio Services in the fourth quarter valued at about $38,000. Bank of America Corp DE boosted its holdings in shares of Consumer Portfolio Services by 52.9% in the fourth quarter. Bank of America Corp DE now owns 5,218 shares of the credit services provider’s stock valued at $62,000 after acquiring an additional 1,805 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Consumer Portfolio Services by 26.2% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 13,451 shares of the credit services provider’s stock worth $79,000 after acquiring an additional 2,792 shares during the period. Finally, Denali Advisors LLC purchased a new position in Consumer Portfolio Services during the first quarter worth about $87,000. 45.80% of the stock is owned by hedge funds and other institutional investors.

About Consumer Portfolio Services (Get Rating)

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.

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