Consumer Portfolio Services, Inc. (NASDAQ:CPSS) Short Interest Update

Consumer Portfolio Services, Inc. (NASDAQ:CPSS) saw a significant decrease in short interest in December. As of December 15th, there was short interest totalling 653,600 shares, a decrease of 5.3% from the November 30th total of 690,200 shares. Approximately 7.4% of the company’s shares are sold short. Based on an average daily volume of 29,500 shares, the short-interest ratio is presently 22.2 days.

Insiders Place Their Bets

In other Consumer Portfolio Services news, Director Greg Washer sold 10,981 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $11.06, for a total transaction of $121,449.86. Following the completion of the transaction, the director now owns 265,000 shares in the company, valued at $2,930,900. The trade was a 3.98 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP April Crisp sold 2,500 shares of the business’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $11.15, for a total transaction of $27,875.00. Following the transaction, the vice president now owns 17,212 shares of the company’s stock, valued at approximately $191,913.80. The trade was a 12.68 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 139,756 shares of company stock worth $1,482,459 over the last ninety days. Corporate insiders own 69.00% of the company’s stock.

Institutional Trading of Consumer Portfolio Services

A number of large investors have recently bought and sold shares of CPSS. Bank of New York Mellon Corp increased its stake in shares of 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 worth $975,000 after acquiring an additional 1,343 shares during the period. State Street Corp increased its position in Consumer Portfolio Services by 2.2% during the 3rd quarter. State Street Corp now owns 186,220 shares of the credit services provider’s stock worth $1,747,000 after purchasing an additional 3,922 shares during the period. Empowered Funds LLC raised its stake 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 buying an additional 7,236 shares in the last quarter. Barclays PLC lifted its holdings in shares of Consumer Portfolio Services by 297.6% in the 3rd quarter. Barclays PLC now owns 11,794 shares of the credit services provider’s stock valued at $110,000 after buying an additional 8,828 shares during the period. Finally, Segall Bryant & Hamill LLC purchased a new stake in shares of Consumer Portfolio Services in the third quarter valued at approximately $445,000. Institutional investors and hedge funds own 47.57% of the company’s stock.

Consumer Portfolio Services Trading Up 2.0 %

NASDAQ CPSS opened at $10.86 on Thursday. The firm’s fifty day moving average price is $10.52 and its 200 day moving average price is $9.73. Consumer Portfolio Services has a 12 month low of $7.03 and a 12 month high of $12.04. The company has a debt-to-equity ratio of 10.52, a current ratio of 19.17 and a quick ratio of 19.16. The company has a market capitalization of $232.46 million, a price-to-earnings ratio of 12.48 and a beta of 1.99.

Consumer Portfolio Services (NASDAQ:CPSS) last posted its earnings results on Thursday, October 31st. The credit services provider reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). The firm 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%. On average, sell-side analysts expect that Consumer Portfolio Services will post 0.85 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Consumer Portfolio Services from a “strong-buy” rating to a “buy” rating in a research report on Thursday.

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.