Allianz Asset Management GmbH Has $1.39 Million Stake in Consumer Portfolio Services, Inc. (NASDAQ:CPSS)

Allianz Asset Management GmbH reduced its stake in shares of Consumer Portfolio Services, Inc. (NASDAQ:CPSS) by 52.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 160,043 shares of the credit services provider’s stock after selling 173,834 shares during the period. Allianz Asset Management GmbH owned 0.75% of Consumer Portfolio Services worth $1,388,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Northern Trust Corp grew its holdings in Consumer Portfolio Services by 7.4% during the 4th quarter. Northern Trust Corp now owns 85,755 shares of the credit services provider’s stock worth $931,000 after acquiring an additional 5,882 shares during the period. Bank of America Corp DE boosted its position in shares of Consumer Portfolio Services by 21.8% during the 4th quarter. Bank of America Corp DE now owns 13,335 shares of the credit services provider’s stock valued at $145,000 after purchasing an additional 2,383 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Consumer Portfolio Services by 620.5% during the 4th quarter. JPMorgan Chase & Co. now owns 29,173 shares of the credit services provider’s stock valued at $317,000 after purchasing an additional 25,124 shares in the last quarter. Geode Capital Management LLC grew its stake in Consumer Portfolio Services by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 193,181 shares of the credit services provider’s stock worth $2,098,000 after purchasing an additional 2,411 shares during the period. Finally, Barclays PLC increased its holdings in Consumer Portfolio Services by 11.5% in the fourth quarter. Barclays PLC now owns 13,147 shares of the credit services provider’s stock worth $143,000 after purchasing an additional 1,353 shares in the last quarter. 47.57% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Consumer Portfolio Services news, Director Greg Washer sold 9,648 shares of the firm’s stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $9.88, for a total value of $95,322.24. Following the completion of the sale, the director owned 308,958 shares of the company’s stock, valued at approximately $3,052,505.04. This trade represents a 3.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders sold 25,789 shares of company stock worth $252,007. 69.00% of the stock is currently owned by corporate insiders.

Consumer Portfolio Services Stock Down 4.8%

Shares of NASDAQ CPSS opened at $7.90 on Friday. The company has a quick ratio of 8.24, a current ratio of 8.24 and a debt-to-equity ratio of 9.83. The firm has a market cap of $170.32 million, a PE ratio of 10.00 and a beta of 0.95. The company’s fifty day simple moving average is $9.46 and its 200 day simple moving average is $9.64. Consumer Portfolio Services, Inc. has a 12-month low of $7.80 and a 12-month high of $12.73.

Consumer Portfolio Services (NASDAQ:CPSS) last announced its quarterly earnings data on Monday, May 12th. The credit services provider reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.11). The company had revenue of $106.87 million for the quarter, compared to analyst estimates of $109.99 million. Consumer Portfolio Services had a net margin of 4.72% and a return on equity of 6.68%. As a group, sell-side analysts forecast that Consumer Portfolio Services, Inc. will post 0.85 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded Consumer Portfolio Services from a “hold” rating to a “buy” rating in a report on Friday, July 18th.

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.