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

Consumer Portfolio Services, Inc. (NASDAQ:CPSS) was the target of a large decrease in short interest in February. As of February 15th, there was short interest totalling 307,500 shares, a decrease of 36.7% from the January 31st total of 486,000 shares. Based on an average daily volume of 26,900 shares, the days-to-cover ratio is presently 11.4 days. Currently, 3.5% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Consumer Portfolio Services from a “strong-buy” rating to a “buy” rating in a research note on Friday.

Insider Buying and Selling

In other Consumer Portfolio Services news, Director William B. Roberts sold 15,000 shares of Consumer Portfolio Services stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $10.45, for a total value of $156,750.00. Following the completion of the transaction, the director now directly owns 700,078 shares of the company’s stock, valued at $7,315,815.10. The trade was a 2.10 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP April Crisp sold 2,500 shares of Consumer Portfolio Services stock in a transaction that occurred on 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 in the company, valued at $191,913.80. This trade represents a 12.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 69.00% of the stock is owned by company insiders.

Institutional Trading of Consumer Portfolio Services

Several institutional investors have recently modified their holdings of CPSS. Segall Bryant & Hamill LLC acquired a new position in Consumer Portfolio Services during the 3rd quarter worth approximately $445,000. State Street Corp lifted its holdings in shares of Consumer Portfolio Services by 2.2% in 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 in the last quarter. Verity & Verity LLC acquired a new stake in Consumer Portfolio Services in the 4th quarter valued at $1,309,000. Empowered Funds LLC increased its stake in Consumer Portfolio Services by 1.9% during the 4th quarter. Empowered Funds LLC now owns 145,220 shares of the credit services provider’s stock valued at $1,577,000 after purchasing an additional 2,700 shares in the last quarter. Finally, Barclays PLC raised its holdings 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 worth $110,000 after buying an additional 8,828 shares during the last quarter. Institutional investors own 47.57% of the company’s stock.

Consumer Portfolio Services Price Performance

CPSS traded down $0.24 on Tuesday, reaching $9.43. The stock had a trading volume of 771 shares, compared to its average volume of 32,512. 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 company has a market capitalization of $201.74 million, a price-to-earnings ratio of 10.87 and a beta of 1.98. Consumer Portfolio Services has a fifty-two week low of $7.03 and a fifty-two week high of $12.73. The firm has a 50-day moving average of $11.07 and a 200-day moving average of $10.25.

Consumer Portfolio Services (NASDAQ:CPSS) last released its quarterly earnings data on Tuesday, February 25th. The credit services provider reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.06). Consumer Portfolio Services had a net margin of 5.59% and a return on equity of 7.59%. The firm had revenue of $105.30 million during the quarter, compared to analyst estimates of $102.37 million. As a group, sell-side analysts anticipate that Consumer Portfolio Services will post 0.85 EPS for the current year.

Consumer Portfolio Services Company Profile

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.