Consumer Portfolio Services, Inc. (NASDAQ: CPSS – Get Rating) Executive Vice President Jeffrey P. Fritz sold 25,000 shares of the company in a trade Thursday, May 26. 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 of the company, valued at approximately $2,905,212.10. The sale was disclosed in a filing with the Securities & Exchange Commission, available on the SEC’s website.

NASDAQ: CPSS traded down $0.31 during Friday trading hours, hitting $13.70. The company’s stock had a trading volume of 97,563 shares, compared to an 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 ratio of 10.28, a current ratio of 10.94 and a quick ratio of 10.94. Consumer Portfolio Services, Inc. has a 12-month low of $4.22 and a 12-month high of $15.47.

A number of large investors have recently increased or reduced their stake in CPSS. BNP Paribas Arbitrage SA acquired a new stake in Consumer Portfolio Services in the fourth quarter worth approximately $30,000. Hillsdale Investment Management Inc. acquired a new stake in shares of Consumer Portfolio Services during the fourth quarter valued at approximately $38,000. Lazard Asset Management LLC acquired a new stake in Consumer Portfolio Services stock during the first quarter worth approximately $39,000. Bank of America Corp DE increased 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 service provider valued at $62,000 after buying an additional 1,805 shares last quarter. Finally, Connor Clark & ​​Lunn Investment Management Ltd. increased its stake in the 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 service provider valued at $79,000 after purchasing an additional 2,792 shares last quarter. 45.80% of the shares are currently held by institutional investors and hedge funds.

Separately, StockNews.com upgraded consumer portfolio services from a “buy” rating to a “strong buy” rating in a research rating on Wednesday.

About Consumer Wallet Services (Get a 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 entered into by franchise automobile dealerships and certain independent dealerships in the sale of new and used automobiles, light trucks and vans.

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