Fisher Asset Management LLC Invests $960,000 in Consumer Portfolio Services, Inc. (NASDAQ:CPSS)

Fisher Asset Management LLC acquired a new stake in Consumer Portfolio Services, Inc. (NASDAQ:CPSS) in the third quarter, Holdings Channel.com reports. The firm acquired 102,377 shares of the credit services provider’s stock, valued at approximately $960,000.

Several other hedge funds also recently bought and sold shares of CPSS. Vanguard Group Inc. lifted its stake in Consumer Portfolio Services by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 521,457 shares of the credit services provider’s stock worth $3,942,000 after purchasing an additional 3,418 shares in the last quarter. Empowered Funds LLC increased its holdings 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 worth $1,337,000 after purchasing an additional 7,236 shares during the period. Bank of New York Mellon Corp raised its position in shares of 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 in the last quarter. Finally, Segall Bryant & Hamill LLC purchased a new stake in shares of Consumer Portfolio Services in the third quarter worth $445,000. Hedge funds and other institutional investors own 47.57% of the company’s stock.

Insider Activity at Consumer Portfolio Services

In other news, Director William B. Roberts sold 50,000 shares of the business’s stock in a transaction that occurred 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 completion of 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 can be accessed through this hyperlink. Also, Director Greg Washer sold 10,981 shares of the stock in a transaction 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 transaction, the director now directly owns 265,000 shares in the company, valued at approximately $2,930,900. This represents a 3.98 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 247,256 shares of company stock valued at $2,497,284 over the last 90 days. 69.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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

Consumer Portfolio Services Stock Up 1.4 %

Shares of NASDAQ CPSS opened at $10.36 on Friday. The business has a 50-day moving average of $9.97 and a 200-day moving average of $9.33. The firm has a market capitalization of $221.76 million, a price-to-earnings ratio of 11.91 and a beta of 2.00. 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, Inc. has a 12 month low of $7.03 and a 12 month high of $12.04.

Consumer Portfolio Services (NASDAQ:CPSS) last issued its quarterly 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). Consumer Portfolio Services had a return on equity of 7.59% and a net margin of 5.59%. The company had revenue of $100.58 million during the quarter, compared to the consensus estimate of $98.34 million. Sell-side analysts expect that Consumer Portfolio Services, Inc. will post 0.85 earnings per share for the current fiscal year.

Consumer Portfolio Services 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.