Consumer Portfolio Services Director Buys $481,467 in Stock (CPSS)
Consumer Portfolio Services (NASDAQ:CPSS) Director Greg Washer bought 70,700 shares of the company’s stock in a transaction that occurred on Monday, July 28th. The stock was purchased at an average price of $6.81 per share, with a total value of $481,467.00. Following the completion of the acquisition, the director now directly owns 193,420 shares of the company’s stock, valued at approximately $1,317,190. The purchase was disclosed in a filing with the SEC, which is available at this link.
Shares of Consumer Portfolio Services (NASDAQ:CPSS) traded down 1.93% on Monday, hitting $6.59. 314,024 shares of the company’s stock traded hands. Consumer Portfolio Services has a 52 week low of $5.61 and a 52 week high of $9.64. The stock’s 50-day moving average is $7.62 and its 200-day moving average is $7.65. The company has a market cap of $164.9 million and a price-to-earnings ratio of 8.09.
Consumer Portfolio Services (NASDAQ:CPSS) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported $0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.22. The company had revenue of $71.60 million for the quarter, compared to the consensus estimate of $55.62 million. Analysts expect that Consumer Portfolio Services will post $0.88 EPS for the current fiscal year.
A number of research firms have recently commented on CPSS. Analysts at Compass Point initiated coverage on shares of Consumer Portfolio Services in a research note on Tuesday, July 8th. They set a “buy” rating and a $10.00 price target on the stock. Analysts at JMP Securities reiterated a “market outperform” rating on shares of Consumer Portfolio Services in a research note on Wednesday, May 7th. They now have a $10.00 price target on the stock, down previously from $11.00.
Consumer Portfolio Services Inc (NASDAQ:CPSS) is a specialty finance company.
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