Consumer Portfolio Services, Inc. (NASDAQ:CPSS) Short Interest Down 5.3% in December

Consumer Portfolio Services, Inc. (NASDAQ:CPSS) was the recipient of a significant decrease in short interest in the month of 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. Based on an average trading volume of 29,500 shares, the short-interest ratio is presently 22.2 days. Approximately 7.4% of the shares of the stock are short sold.

Analyst Ratings Changes

Separately, StockNews.com lowered Consumer Portfolio Services from a “strong-buy” rating to a “buy” rating in a research note on Sunday, December 22nd.

Insider Transactions 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 shares were sold at an average price of $10.76, for a total value of $538,000.00. Following the sale, the director now directly owns 850,078 shares in the company, valued at approximately $9,146,839.28. The trade was a 5.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Chris Terry sold 10,000 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $10.16, for a total transaction of $101,600.00. Following the transaction, the vice president now directly owns 203,656 shares of the company’s stock, valued at $2,069,144.96. This trade represents a 4.68 % 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 over the last 90 days. Company insiders own 69.00% of the company’s stock.

Institutional Investors Weigh In On Consumer Portfolio Services

Several large investors have recently added to or reduced their stakes in the stock. Segall Bryant & Hamill LLC purchased a new position in shares of Consumer Portfolio Services in the 3rd quarter worth approximately $445,000. Bank of New York Mellon Corp lifted its position in Consumer Portfolio Services by 1.4% in 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 buying an additional 1,343 shares during the last quarter. Fisher Asset Management LLC purchased a new position in Consumer Portfolio Services during the third quarter worth $960,000. Empowered Funds LLC boosted its stake in Consumer Portfolio Services by 5.3% during the third 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. Finally, Barclays PLC increased its position in Consumer Portfolio Services by 297.6% during the third quarter. Barclays PLC now owns 11,794 shares of the credit services provider’s stock valued at $110,000 after acquiring an additional 8,828 shares during the last quarter. 47.57% of the stock is owned by institutional investors.

Consumer Portfolio Services Price Performance

Shares of CPSS stock traded up $0.21 on Wednesday, reaching $10.86. The company’s stock had a trading volume of 17,596 shares, compared to its average volume of 31,354. The stock’s fifty day simple moving average is $10.50 and its 200-day simple moving average is $9.73. Consumer Portfolio Services has a 1 year low of $7.03 and a 1 year high of $12.04. The company has a market capitalization of $232.46 million, a price-to-earnings ratio of 12.48 and a beta of 1.99. The company has a current ratio of 19.17, a quick ratio of 19.16 and a debt-to-equity ratio of 10.52.

Consumer Portfolio Services (NASDAQ:CPSS) last issued its quarterly earnings data 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 business had revenue of $100.58 million during the quarter, compared to analysts’ expectations of $98.34 million. Consumer Portfolio Services had a return on equity of 7.59% and a net margin of 5.59%. Analysts forecast that Consumer Portfolio Services will post 0.85 earnings per share 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.