This Insider Has Just Sold Shares In Consumer Portfolio Services

We wouldn't blame Consumer Portfolio Services, Inc. (NASDAQ:CPSS) shareholders if they were a little worried about the fact that William Roberts, the Independent Director recently netted about US$1.1m selling shares at an average price of US$10.61. That's a big disposal, and it decreased their holding size by 11%, which is notable but not too bad.

View our latest analysis for Consumer Portfolio Services

The Last 12 Months Of Insider Transactions At Consumer Portfolio Services

In fact, the recent sale by William Roberts was the biggest sale of Consumer Portfolio Services shares made by an insider individual in the last twelve months, according to our records. So we know that an insider sold shares at around the present share price of US$10.44. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. In this case, the big sale took place at around the current price, so it's not too bad (but it's still not a positive).

Insiders in Consumer Portfolio Services didn't buy any shares in the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

For those who like to find hidden gems this free list of small cap companies with recent insider purchasing, could be just the ticket.

Insider Ownership Of Consumer Portfolio Services

For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. It's great to see that Consumer Portfolio Services insiders own 43% of the company, worth about US$93m. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

So What Does This Data Suggest About Consumer Portfolio Services Insiders?

Insiders sold Consumer Portfolio Services shares recently, but they didn't buy any. And even if we look at the last year, we didn't see any purchases. It is good to see high insider ownership, but the insider selling leaves us cautious. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Consumer Portfolio Services. To help with this, we've discovered 3 warning signs (1 can't be ignored!) that you ought to be aware of before buying any shares in Consumer Portfolio Services.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.