Consumer Portfolio Services Major Shareholder Unloads $172,530 in Stock (CPSS)
Consumer Portfolio Services (NASDAQ:CPSS) major shareholder Levine Leichtman Capital Partn sold 28,948 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $5.96, for a total transaction of $172,530.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
Several analysts have recently commented on the stock. Analysts at Thomson Reuters/Verus downgraded shares of Consumer Portfolio Services (NASDAQ:CPSS) from a “hold” rating to a “sell” rating in a research note to investors on Monday, September 9th.
Shares of Consumer Portfolio Services (NASDAQ:CPSS) opened at 5.82 on Wednesday. Consumer Portfolio Services has a 52 week low of $2.92 and a 52 week high of $12.79. The stock has a 50-day moving average of $6.19 and a 200-day moving average of $7.80. The company has a market cap of $125.7 million and a price-to-earnings ratio of 2.27.
Consumer Portfolio Services (NASDAQ:CPSS) last released its earnings data on Thursday, August 8th. The company reported $0.15 earnings per share for the quarter. On average, analysts predict that Consumer Portfolio Services will post $0.61 earnings per share for the current fiscal year.
Consumer Portfolio Services Inc (NASDAQ:CPSS) is a specialty finance company.
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