Morgan Stanley Sells 4,955 Shares of Consumer Portfolio Services, Inc. (NASDAQ:CPSS)

Share on StockTwits

Morgan Stanley cut its holdings in shares of Consumer Portfolio Services, Inc. (NASDAQ:CPSS) by 2.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 168,113 shares of the credit services provider’s stock after selling 4,955 shares during the period. Morgan Stanley owned about 0.75% of Consumer Portfolio Services worth $639,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CPSS. Renaissance Technologies LLC lifted its stake in Consumer Portfolio Services by 8.1% during the second quarter. Renaissance Technologies LLC now owns 352,909 shares of the credit services provider’s stock worth $1,341,000 after purchasing an additional 26,302 shares during the last quarter. BlackRock Inc. lifted its stake in Consumer Portfolio Services by 18.1% during the second quarter. BlackRock Inc. now owns 759,535 shares of the credit services provider’s stock worth $2,887,000 after purchasing an additional 116,290 shares during the last quarter. Black Diamond Capital Management L.L.C. lifted its stake in Consumer Portfolio Services by 490.6% during the second quarter. Black Diamond Capital Management L.L.C. now owns 2,766,706 shares of the credit services provider’s stock worth $10,513,000 after purchasing an additional 2,298,242 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in Consumer Portfolio Services by 4.4% during the second quarter. Vanguard Group Inc. now owns 658,270 shares of the credit services provider’s stock worth $2,501,000 after purchasing an additional 28,006 shares during the last quarter. Hedge funds and other institutional investors own 47.91% of the company’s stock.

Shares of CPSS opened at $3.41 on Friday. The company has a debt-to-equity ratio of 10.62, a quick ratio of 12.64 and a current ratio of 12.64. The stock has a fifty day moving average of $3.43 and a 200-day moving average of $3.54. The stock has a market capitalization of $77.04 million, a price-to-earnings ratio of 6.69 and a beta of 1.52. Consumer Portfolio Services, Inc. has a 52 week low of $2.99 and a 52 week high of $4.65.

Consumer Portfolio Services (NASDAQ:CPSS) last issued its earnings results on Tuesday, October 29th. The credit services provider reported $0.08 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.08. The company had revenue of $85.52 million during the quarter, compared to the consensus estimate of $84.61 million. Consumer Portfolio Services had a return on equity of 4.34% and a net margin of 3.05%. As a group, equities analysts forecast that Consumer Portfolio Services, Inc. will post 0.31 EPS for the current year.

Several equities research analysts have weighed in on the company. Zacks Investment Research cut Consumer Portfolio Services from a “hold” rating to a “sell” rating in a research note on Thursday. ValuEngine upgraded Consumer Portfolio Services from a “hold” rating to a “buy” rating in a research note on Monday, November 4th.

Consumer Portfolio Services Profile

Consumer Portfolio Services, Inc operates as a specialty finance company in the United States. It purchases and services 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. The company, through its automobile contract purchases, offers indirect financing to the customers of dealers with limited credit histories, low incomes, or past credit problems.

Featured Article: Why Invest in High-Yield Dividend Stocks?

Institutional Ownership by Quarter for Consumer Portfolio Services (NASDAQ:CPSS)

Receive News & Ratings for Consumer Portfolio Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Consumer Portfolio Services and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.