Segall Bryant & Hamill LLC Acquires Shares of 47,434 Consumer Portfolio Services, Inc. (NASDAQ:CPSS)

Segall Bryant & Hamill LLC acquired a new stake in shares of Consumer Portfolio Services, Inc. (NASDAQ:CPSS) during the 3rd quarter, Holdings Channel.com reports. The fund acquired 47,434 shares of the credit services provider’s stock, valued at approximately $445,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of CPSS. BNP Paribas Financial Markets raised its stake in Consumer Portfolio Services by 229.7% during the first quarter. BNP Paribas Financial Markets now owns 9,051 shares of the credit services provider’s stock valued at $68,000 after buying an additional 6,306 shares in the last quarter. Vanguard Group Inc. raised its stake in Consumer Portfolio Services by 0.7% during the first quarter. Vanguard Group Inc. now owns 521,457 shares of the credit services provider’s stock valued at $3,942,000 after buying an additional 3,418 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Consumer Portfolio Services by 1.4% during the second quarter. Bank of New York Mellon Corp now owns 99,481 shares of the credit services provider’s stock valued at $975,000 after buying an additional 1,343 shares in the last quarter. Finally, Empowered Funds LLC raised its position in shares of Consumer Portfolio Services by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 142,520 shares of the credit services provider’s stock worth $1,337,000 after purchasing an additional 7,236 shares during the period. Institutional investors and hedge funds own 47.57% of the company’s stock.

Insider Transactions at Consumer Portfolio Services

In related news, CEO Charles E. Bradley, Jr. sold 70,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $9.85, for a total value of $689,500.00. Following the sale, the chief executive officer now directly owns 3,720,092 shares in the company, valued at $36,642,906.20. This trade represents a 1.85 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP April Crisp sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $9.65, for a total value of $48,250.00. Following the completion of the sale, the vice president now owns 17,212 shares in the company, valued at approximately $166,095.80. This represents a 22.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 236,981 shares of company stock worth $2,388,060. 69.00% of the stock is currently owned by company insiders.

Consumer Portfolio Services Stock Down 1.0 %

Shares of Consumer Portfolio Services stock opened at $10.55 on Monday. The company has a current ratio of 19.17, a quick ratio of 19.16 and a debt-to-equity ratio of 10.52. The business’s 50 day simple moving average is $9.92 and its 200-day simple moving average is $9.29. The stock has a market capitalization of $225.88 million, a price-to-earnings ratio of 12.13 and a beta of 2.00. Consumer Portfolio Services, Inc. has a twelve month low of $7.03 and a twelve month high of $12.04.

Consumer Portfolio Services (NASDAQ:CPSS) last announced its quarterly earnings results on Thursday, October 31st. The credit services provider reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). The company had revenue of $100.58 million for the quarter, compared to analyst estimates of $98.34 million. Consumer Portfolio Services had a return on equity of 7.59% and a net margin of 5.59%. Equities research analysts forecast that Consumer Portfolio Services, Inc. will post 0.85 earnings per share for the current year.

About Consumer Portfolio Services

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 originated by franchised automobile dealers and select independent dealers in the sale of new and used automobiles, light trucks, and passenger vans.