Consumer Portfolio Services, Inc. (NASDAQ:CPSS) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its holdings in shares of Consumer Portfolio Services, Inc. (NASDAQ:CPSS) by 620.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,173 shares of the credit services provider’s stock after acquiring an additional 25,124 shares during the period. JPMorgan Chase & Co. owned approximately 0.14% of Consumer Portfolio Services worth $317,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Barclays PLC boosted its holdings in Consumer Portfolio Services by 297.6% in the third quarter. Barclays PLC now owns 11,794 shares of the credit services provider’s stock valued at $110,000 after purchasing an additional 8,828 shares during the last quarter. Verity & Verity LLC purchased a new position in shares of Consumer Portfolio Services during the 4th quarter valued at approximately $1,309,000. Finally, Empowered Funds LLC lifted its stake in shares of Consumer Portfolio Services by 1.9% in 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 during the period. 47.57% of the stock is owned by hedge funds and other institutional investors.

Consumer Portfolio Services Stock Up 5.6 %

Shares of CPSS opened at $9.07 on Friday. 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 firm has a market cap of $194.49 million, a P/E ratio of 10.43 and a beta of 1.78. The stock’s 50 day moving average is $8.93 and its two-hundred day moving average is $10.14. Consumer Portfolio Services, Inc. has a 12 month low of $7.03 and a 12 month high of $12.73.

Consumer Portfolio Services (NASDAQ:CPSS) last issued its quarterly earnings results on Tuesday, February 25th. The credit services provider reported $0.21 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.06). The company had revenue of $105.30 million during the quarter, compared to analysts’ expectations of $102.37 million. Consumer Portfolio Services had a return on equity of 7.59% and a net margin of 5.59%. Analysts predict that Consumer Portfolio Services, Inc. will post 0.85 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Consumer Portfolio Services from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 8th.

Insider Activity

In other news, Director William B. Roberts sold 6,259 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $9.41, for a total transaction of $58,897.19. Following the transaction, the director now directly owns 690,078 shares in the company, valued at $6,493,633.98. The trade was a 0.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold a total of 11,169 shares of company stock worth $104,459 over the last quarter. 69.00% of the stock is currently owned by corporate insiders.

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.