Vanguard Group Inc. Has $3.46 Million Stake in Consumer Portfolio Services, Inc. (CPSS)

Vanguard Group Inc. lifted its holdings in shares of Consumer Portfolio Services, Inc. (NASDAQ:CPSS) by 0.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 760,620 shares of the credit services provider’s stock after acquiring an additional 6,530 shares during the quarter. Vanguard Group Inc. owned 3.35% of Consumer Portfolio Services worth $3,461,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. UBS Group AG increased its position in shares of Consumer Portfolio Services by 1,213.0% during the first quarter. UBS Group AG now owns 24,882 shares of the credit services provider’s stock worth $117,000 after acquiring an additional 22,987 shares during the last quarter. Spark Investment Management LLC increased its position in shares of Consumer Portfolio Services by 53.2% during the second quarter. Spark Investment Management LLC now owns 61,600 shares of the credit services provider’s stock worth $280,000 after acquiring an additional 21,400 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of Consumer Portfolio Services by 0.6% during the first quarter. Goldman Sachs Group Inc. now owns 70,127 shares of the credit services provider’s stock worth $330,000 after acquiring an additional 397 shares during the last quarter. Finally, Morgan Stanley increased its position in shares of Consumer Portfolio Services by 12.5% during the first quarter. Morgan Stanley now owns 309,162 shares of the credit services provider’s stock worth $1,456,000 after acquiring an additional 34,327 shares during the last quarter. 48.42% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have recently issued reports on CPSS shares. Jefferies Group reaffirmed a “buy” rating and set a $6.00 target price on shares of Consumer Portfolio Services in a research report on Thursday, September 7th. TheStreet lowered Consumer Portfolio Services from a “c” rating to a “d” rating in a research report on Tuesday, October 31st. Finally, Zacks Investment Research raised Consumer Portfolio Services from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th.

In related news, major shareholder Second Curve Capital Llc sold 8,000 shares of Consumer Portfolio Services stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $4.10, for a total value of $32,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Curtis K. Powell sold 8,100 shares of Consumer Portfolio Services stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $4.27, for a total value of $34,587.00. The disclosure for this sale can be found here. Insiders sold 68,200 shares of company stock valued at $284,876 over the last quarter. Insiders own 37.50% of the company’s stock.

Shares of Consumer Portfolio Services, Inc. (CPSS) opened at $4.20 on Monday. Consumer Portfolio Services, Inc. has a 52-week low of $3.66 and a 52-week high of $6.05. The stock has a market capitalization of $91.45, a PE ratio of 5.53 and a beta of 1.92. The company has a debt-to-equity ratio of 10.89, a quick ratio of 17.19 and a current ratio of 17.19.

Consumer Portfolio Services (NASDAQ:CPSS) last announced its earnings results on Monday, October 23rd. The credit services provider reported $0.17 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.17. The business had revenue of $109.49 million for the quarter, compared to analyst estimates of $112.39 million. Consumer Portfolio Services had a return on equity of 11.09% and a net margin of 4.87%. research analysts predict that Consumer Portfolio Services, Inc. will post 0.66 EPS for the current year.

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Consumer Portfolio Services Profile

Consumer Portfolio Services, Inc is a specialty finance company. The Company’s business is to purchase and service retail automobile contracts originated primarily by franchised automobile dealers and by select independent dealers in the United States in the sale of new and used automobiles, light trucks and passenger vans.

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Institutional Ownership by Quarter for Consumer Portfolio Services (NASDAQ:CPSS)

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