Consumer Portfolio Services, Inc. (CPSS) Insider Greg Washer Buys 65,700 Shares


Consumer Portfolio Services, Inc. (NASDAQ:CPSS) Director, Greg Washer, bought 65,700 shares of common stock, no par value. The transaction was executed directly and in several steps. It commenced on Thursday, when Washer purchased 16,200 shares for prices ranging between $6.91 and $7.24 per share, and continued on Friday by acquiring the larger bulk of 37,500 shares. In this case, the insider paid prices between $6.60 and $6.95 per share. The remaining 17,000 company shares were then acquired yesterday for prices ranging between $6.50 and $6.57 per share.

However, apart from the Director’s stock purchase, some insiders have also completed dispositions this quarter. In June, Patrick John Harton, Senior Vice President at Consumer Portfolio Services, unloaded 10,000 shares of Common Stock, for a price of $7.52 per share.

Furthermore, this quarter also showed a new shareholding position amongst hedge funds, with Emanuel Friedman’s Ejf Capital. The hedge fund recently acquired over 2.1 million company shares, with an estimated value of $14.6 million, thereby assuring its position as top shareholder.

Disclosure: none

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