Consumer Portfolio Services, Inc. (NASDAQ:CPSS) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC cut its position in Consumer Portfolio Services, Inc. (NASDAQ:CPSS) by 2.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 190,770 shares of the credit services provider’s stock after selling 4,582 shares during the period. Geode Capital Management LLC’s holdings in Consumer Portfolio Services were worth $1,790,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Bank of New York Mellon Corp raised its stake in Consumer Portfolio Services by 1.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 99,481 shares of the credit services provider’s stock valued at $975,000 after purchasing an additional 1,343 shares during the last quarter. State Street Corp grew its holdings in shares of Consumer Portfolio Services by 2.2% during the third 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 in the last quarter. Empowered Funds LLC raised its position in shares of Consumer Portfolio Services by 5.3% in the third quarter. Empowered Funds LLC now owns 142,520 shares of the credit services provider’s stock valued at $1,337,000 after buying an additional 7,236 shares during the last quarter. Barclays PLC lifted its stake in shares of Consumer Portfolio Services by 297.6% in the third quarter. Barclays PLC now owns 11,794 shares of the credit services provider’s stock worth $110,000 after buying an additional 8,828 shares in the last quarter. Finally, Segall Bryant & Hamill LLC purchased a new position in shares of Consumer Portfolio Services in the third quarter worth about $445,000. 47.57% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com cut 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 other Consumer Portfolio Services news, Director William B. Roberts sold 50,000 shares of Consumer Portfolio Services stock in a transaction on Monday, November 11th. The stock was sold at an average price of $10.76, for a total value of $538,000.00. Following the sale, the director now owns 850,078 shares in the company, valued at $9,146,839.28. The trade was a 5.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP April Crisp sold 2,500 shares of the company’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $11.15, for a total value of $27,875.00. Following the completion of the transaction, the vice president now directly owns 17,212 shares in the company, valued at approximately $191,913.80. This trade represents a 12.68 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 139,756 shares of company stock valued at $1,482,459. 69.00% of the stock is owned by company insiders.

Consumer Portfolio Services Price Performance

NASDAQ:CPSS opened at $11.32 on Thursday. Consumer Portfolio Services, Inc. has a one year low of $7.03 and a one year high of $12.04. The stock has a market cap of $242.30 million, a PE ratio of 13.01 and a beta of 1.98. The company has a debt-to-equity ratio of 10.52, a quick ratio of 19.16 and a current ratio of 19.17. The stock has a 50 day moving average price of $10.63 and a 200 day moving average price of $9.82.

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