Barclays PLC Grows Holdings in Consumer Portfolio Services, Inc. (NASDAQ:CPSS)

Barclays PLC increased its position in shares of Consumer Portfolio Services, Inc. (NASDAQ:CPSS) by 297.6% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 11,794 shares of the credit services provider’s stock after buying an additional 8,828 shares during the period. Barclays PLC’s holdings in Consumer Portfolio Services were worth $110,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its stake in Consumer Portfolio Services by 1.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 99,481 shares of the credit services provider’s stock worth $975,000 after buying an additional 1,343 shares during the period. State Street Corp increased its stake 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 buying an additional 3,922 shares during the period. Empowered Funds LLC increased its stake in 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 during the period. Segall Bryant & Hamill LLC purchased a new stake in Consumer Portfolio Services during the 3rd quarter worth $445,000. Finally, Fisher Asset Management LLC purchased a new stake in Consumer Portfolio Services during the 3rd quarter worth $960,000. Hedge funds and other institutional investors own 47.57% of the company’s stock.

Consumer Portfolio Services Price Performance

CPSS opened at $11.32 on Thursday. The company has a 50-day moving average of $10.63 and a 200-day moving average of $9.82. The company has a market capitalization of $242.30 million, a P/E ratio of 13.01 and a beta of 1.98. Consumer Portfolio Services, Inc. has a 1-year low of $7.03 and a 1-year high of $12.04. The company has a debt-to-equity ratio of 10.52, a quick ratio of 19.16 and a current ratio of 19.17.

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

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Consumer Portfolio Services from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 2nd.

Insider Activity at Consumer Portfolio Services

In related news, Director William B. Roberts sold 50,000 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $10.76, for a total transaction of $538,000.00. Following the completion of the sale, the director now owns 850,078 shares of the company’s stock, valued at $9,146,839.28. This represents a 5.56 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP April Crisp sold 2,500 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $11.15, for a total transaction of $27,875.00. Following the sale, the vice president now directly owns 17,212 shares of the company’s stock, valued at approximately $191,913.80. This represents a 12.68 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 139,756 shares of company stock valued at $1,482,459 in the last quarter. Insiders own 69.00% of the company’s stock.

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.