State Street Corp Grows Stock Holdings in Consumer Portfolio Services, Inc. (NASDAQ:CPSS)

State Street Corp grew its stake in Consumer Portfolio Services, Inc. (NASDAQ:CPSS) by 2.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 186,220 shares of the credit services provider’s stock after purchasing an additional 3,922 shares during the period. State Street Corp owned approximately 0.87% of Consumer Portfolio Services worth $1,747,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Segall Bryant & Hamill LLC purchased a new stake in shares of Consumer Portfolio Services in the 3rd quarter valued at approximately $445,000. Bank of New York Mellon Corp boosted its position in shares of Consumer Portfolio Services by 1.4% during 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 period. Fisher Asset Management LLC acquired a new stake in shares of Consumer Portfolio Services during the third quarter worth about $960,000. Finally, Empowered Funds LLC boosted its position in Consumer Portfolio Services by 5.3% in the 3rd 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 period. Institutional investors and hedge funds own 47.57% of the company’s stock.

Analyst Upgrades and Downgrades

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

Consumer Portfolio Services Stock Performance

Shares of Consumer Portfolio Services stock opened at $10.86 on Thursday. The firm has a market capitalization of $232.46 million, a P/E ratio of 12.48 and a beta of 1.99. The company has a quick ratio of 19.16, a current ratio of 19.17 and a debt-to-equity ratio of 10.52. Consumer Portfolio Services, Inc. has a 52 week low of $7.03 and a 52 week high of $12.04. The firm’s 50 day moving average is $10.52 and its two-hundred day moving average is $9.73.

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

Insider Buying and Selling

In related news, VP April Crisp sold 2,500 shares of the stock in a transaction 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 completion of the sale, the vice president now owns 17,212 shares in the company, valued at $191,913.80. This represents a 12.68 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William B. Roberts sold 15,000 shares of Consumer Portfolio Services stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $10.45, for a total transaction of $156,750.00. Following the completion of the transaction, the director now owns 700,078 shares in the company, valued at approximately $7,315,815.10. This represents a 2.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 139,756 shares of company stock worth $1,482,459 in the last quarter. 69.00% of the stock is owned by insiders.

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.