Consumer Portfolio Services, Inc. (NASDAQ:CPSS) EVP Jeffrey P. Fritz Sells 25,000 Shares

Consumer Portfolio Services, Inc. (NASDAQ:CPSSGet Rating) EVP Jeffrey P. Fritz sold 25,000 shares of the firm’s stock in a transaction on Thursday, May 26th. The stock was sold at an average price of $13.30, for a total value of $332,500.00. Following the completion of the transaction, the executive vice president now owns 218,437 shares in the company, valued at approximately $2,905,212.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

NASDAQ:CPSS traded up $0.31 during trading hours on Friday, hitting $13.70. The company’s stock had a trading volume of 97,563 shares, compared to its average volume of 159,060. The stock has a fifty day simple moving average of $12.28 and a 200-day simple moving average of $10.88. The company has a market capitalization of $288.60 million, a P/E ratio of 5.72 and a beta of 2.19. The company has a debt-to-equity ratio of 10.28, a current ratio of 10.94 and a quick ratio of 10.94. Consumer Portfolio Services, Inc. has a twelve month low of $4.22 and a twelve month high of $15.47.

A number of large investors have recently added to or reduced their stakes in CPSS. BNP Paribas Arbitrage SA acquired a new stake in Consumer Portfolio Services in the fourth quarter valued at about $30,000. Hillsdale Investment Management Inc. acquired a new stake in shares of Consumer Portfolio Services during the fourth quarter valued at about $38,000. Lazard Asset Management LLC acquired a new stake in shares of Consumer Portfolio Services during the first quarter valued at about $39,000. Bank of America Corp DE boosted its stake in shares of Consumer Portfolio Services by 52.9% during 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 purchasing an additional 1,805 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted 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 valued at $79,000 after purchasing an additional 2,792 shares in the last quarter. 45.80% of the stock is currently owned by institutional investors and hedge funds.

Separately, StockNews.com raised Consumer Portfolio Services from a “buy” rating to a “strong-buy” rating in a research note on Wednesday.

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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