State Street Corp Raises Position in Consumer Portfolio Services, Inc. (NASDAQ:CPSS)

State Street Corp boosted its position in Consumer Portfolio Services, Inc. (NASDAQ:CPSS) by 2.2% in the third quarter, Holdings Channel.com reports. The firm owned 186,220 shares of the credit services provider’s stock after acquiring an additional 3,922 shares during the quarter. State Street Corp’s holdings in Consumer Portfolio Services were worth $1,747,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of CPSS. Segall Bryant & Hamill LLC purchased a new stake in Consumer Portfolio Services during the third quarter worth $445,000. Fisher Asset Management LLC acquired a new position in shares of Consumer Portfolio Services during the 3rd quarter worth $960,000. Bank of New York Mellon Corp boosted its position in shares of Consumer Portfolio Services by 1.4% in the 2nd 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, Empowered Funds LLC grew its stake 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 acquiring an additional 7,236 shares during the last quarter. Hedge funds and other institutional investors own 47.57% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other Consumer Portfolio Services news, VP Chris Terry sold 10,000 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $10.16, for a total transaction of $101,600.00. Following the transaction, the vice president now directly owns 203,656 shares in the company, valued at $2,069,144.96. This represents a 4.68 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP April Crisp sold 2,500 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $11.15, for a total value of $27,875.00. Following the completion of the sale, the vice president now directly owns 17,212 shares of the company’s stock, valued at approximately $191,913.80. This represents a 12.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 139,756 shares of company stock worth $1,482,459 in the last 90 days. 69.00% of the stock is owned by company insiders.

Consumer Portfolio Services Stock Up 2.0 %

Shares of NASDAQ:CPSS opened at $10.86 on Thursday. 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 $232.46 million, a price-to-earnings ratio of 12.48 and a beta of 1.99. The stock’s 50-day moving average price is $10.52 and its two-hundred day moving average price is $9.73. 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 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 firm had revenue of $100.58 million during the quarter, compared to analyst estimates of $98.34 million. Consumer Portfolio Services had a net margin of 5.59% and a return on equity of 7.59%. On average, research analysts forecast that Consumer Portfolio Services, Inc. will post 0.85 EPS for the current year.

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.