Consumer Portfolio Services, Inc. (NASDAQ:CPSS) Stock Position Raised by Bank of America Corp DE

Bank of America Corp DE grew its position in shares of Consumer Portfolio Services, Inc. (NASDAQ:CPSS) by 21.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,335 shares of the credit services provider’s stock after buying an additional 2,383 shares during the quarter. Bank of America Corp DE owned approximately 0.06% of Consumer Portfolio Services worth $145,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in CPSS. JPMorgan Chase & Co. lifted its stake in Consumer Portfolio Services by 620.5% in the fourth quarter. JPMorgan Chase & Co. now owns 29,173 shares of the credit services provider’s stock valued at $317,000 after acquiring an additional 25,124 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Consumer Portfolio Services by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 193,181 shares of the credit services provider’s stock valued at $2,098,000 after purchasing an additional 2,411 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in Consumer Portfolio Services by 25.2% in the fourth quarter. Wells Fargo & Company MN now owns 4,883 shares of the credit services provider’s stock worth $53,000 after purchasing an additional 984 shares in the last quarter. Barclays PLC increased its position in Consumer Portfolio Services by 11.5% during the fourth quarter. Barclays PLC now owns 13,147 shares of the credit services provider’s stock worth $143,000 after buying an additional 1,353 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in Consumer Portfolio Services by 7.4% during the fourth quarter. Northern Trust Corp now owns 85,755 shares of the credit services provider’s stock valued at $931,000 after buying an additional 5,882 shares in the last quarter. Institutional investors own 47.57% of the company’s stock.

Insiders Place Their Bets

In other news, Director Greg Washer sold 6,254 shares of the business’s stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $9.16, for a total transaction of $57,286.64. Following the transaction, the director now owns 318,746 shares in the company, valued at approximately $2,919,713.36. The trade was a 1.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 25,789 shares of company stock valued at $252,007 in the last three months. Company insiders own 69.00% of the company’s stock.

Consumer Portfolio Services Price Performance

NASDAQ CPSS opened at $9.74 on Tuesday. Consumer Portfolio Services, Inc. has a 1 year low of $7.99 and a 1 year high of $12.73. The company has a fifty day simple moving average of $9.05 and a 200 day simple moving average of $9.93. 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 cap of $209.99 million, a P/E ratio of 11.20 and a beta of 0.95.

Consumer Portfolio Services (NASDAQ:CPSS) last issued its quarterly earnings results on Monday, May 12th. The credit services provider reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.11). Consumer Portfolio Services had a net margin of 5.59% and a return on equity of 7.59%. The business had revenue of $106.87 million during the quarter, compared to analyst estimates of $109.99 million. On average, sell-side analysts predict that Consumer Portfolio Services, Inc. will post 0.85 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded Consumer Portfolio Services from a “strong-buy” rating to a “buy” rating in a research note on Monday, May 19th.

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.