Consumer Portfolio Services, Inc. (NASDAQ:CPSS) Short Interest Update

Consumer Portfolio Services, Inc. (NASDAQ:CPSS) was the recipient of a large decline in short interest in February. As of February 15th, there was short interest totalling 307,500 shares, a decline of 36.7% from the January 31st total of 486,000 shares. Based on an average trading volume of 26,900 shares, the short-interest ratio is currently 11.4 days. Approximately 3.5% of the shares of the company are sold short.

Consumer Portfolio Services Stock Down 2.4 %

Shares of NASDAQ CPSS traded down $0.24 during mid-day trading on Tuesday, reaching $9.43. 771 shares of the company traded hands, compared to its average volume of 32,512. The stock has a market cap of $201.74 million, a PE ratio of 10.87 and a beta of 1.98. The company has a debt-to-equity ratio of 10.52, a quick ratio of 19.16 and a current ratio of 19.17. The company’s fifty day moving average is $11.07 and its two-hundred day moving average is $10.25. Consumer Portfolio Services has a fifty-two week low of $7.03 and a fifty-two week high of $12.73.

Consumer Portfolio Services (NASDAQ:CPSS) last issued its 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). Consumer Portfolio Services had a return on equity of 7.59% and a net margin of 5.59%. The firm had revenue of $105.30 million during the quarter, compared to the consensus estimate of $102.37 million. On average, analysts expect that Consumer Portfolio Services will post 0.85 earnings per share for the current year.

Analyst Ratings Changes

Separately, StockNews.com downgraded Consumer Portfolio Services from a “strong-buy” rating to a “buy” rating in a research note on Friday.

Insider Buying and Selling at Consumer Portfolio Services

In other Consumer Portfolio Services news, VP April Crisp sold 2,500 shares of the firm’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 transaction, the vice president now directly owns 17,212 shares in the company, valued at $191,913.80. This trade represents a 12.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director William B. Roberts sold 15,000 shares of the company’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $10.45, for a total transaction of $156,750.00. Following the completion of the transaction, the director now directly owns 700,078 shares in the company, valued at $7,315,815.10. This trade represents a 2.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 69.00% of the stock is owned by company insiders.

Institutional Trading of Consumer Portfolio Services

A number of large investors have recently bought and sold shares of CPSS. Geode Capital Management LLC boosted its position in Consumer Portfolio Services by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 193,181 shares of the credit services provider’s stock valued at $2,098,000 after buying an additional 2,411 shares in the last quarter. State Street Corp grew its holdings in Consumer Portfolio Services by 2.2% during the 3rd quarter. State Street Corp now owns 186,220 shares of the credit services provider’s stock worth $1,747,000 after acquiring an additional 3,922 shares during the period. Empowered Funds LLC raised its position in shares of Consumer Portfolio Services by 1.9% during the 4th quarter. Empowered Funds LLC now owns 145,220 shares of the credit services provider’s stock valued at $1,577,000 after acquiring an additional 2,700 shares during the last quarter. Verity & Verity LLC acquired a new position in shares of Consumer Portfolio Services in the 4th quarter valued at $1,309,000. Finally, Fisher Asset Management LLC acquired a new stake in shares of Consumer Portfolio Services during the third quarter worth $960,000. 47.57% of the stock is currently owned by institutional investors.

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.