Barclays PLC Raises Stock Position in Consumer Portfolio Services, Inc. (NASDAQ:CPSS)

Barclays PLC raised its stake in Consumer Portfolio Services, Inc. (NASDAQ:CPSS) by 297.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,794 shares of the credit services provider’s stock after buying an additional 8,828 shares during the period. Barclays PLC owned approximately 0.06% of Consumer Portfolio Services worth $110,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. State Street Corp increased its holdings in Consumer Portfolio Services by 2.2% in the third quarter. State Street Corp now owns 186,220 shares of the credit services provider’s stock valued at $1,747,000 after buying an additional 3,922 shares in the last quarter. Empowered Funds LLC increased its stake in shares of Consumer Portfolio Services by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 142,520 shares of the credit services provider’s stock worth $1,337,000 after purchasing an additional 7,236 shares in the last quarter. Fisher Asset Management LLC purchased a new position in shares of Consumer Portfolio Services during the 3rd quarter worth approximately $960,000. Bank of New York Mellon Corp increased its stake in shares of Consumer Portfolio Services by 1.4% during 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 purchasing an additional 1,343 shares in the last quarter. Finally, Segall Bryant & Hamill LLC purchased a new position in shares of Consumer Portfolio Services during the 3rd quarter worth approximately $445,000. 47.57% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Consumer Portfolio Services from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 2nd.

Insider Buying and Selling

In related news, Director Greg Washer sold 10,981 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $11.06, for a total transaction of $121,449.86. Following the sale, the director now owns 265,000 shares in the company, valued at approximately $2,930,900. This trade represents a 3.98 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP April Crisp sold 2,500 shares of Consumer Portfolio Services stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $11.15, for a total transaction of $27,875.00. Following the completion of the transaction, the vice president now owns 17,212 shares in the company, valued at approximately $191,913.80. This trade represents a 12.68 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 139,756 shares of company stock worth $1,482,459. 69.00% of the stock is owned by insiders.

Consumer Portfolio Services Trading Up 0.4 %

Shares of CPSS opened at $11.32 on Thursday. The company has a debt-to-equity ratio of 10.52, a current ratio of 19.17 and a quick ratio of 19.16. The firm has a 50 day simple moving average of $10.63 and a 200-day simple moving average of $9.82. Consumer Portfolio Services, Inc. has a 1-year low of $7.03 and a 1-year high of $12.04. The stock has a market cap of $242.30 million, a price-to-earnings ratio of 13.01 and a beta of 1.98.

Consumer Portfolio Services (NASDAQ:CPSS) last announced its earnings results on Thursday, October 31st. The credit services provider reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). Consumer Portfolio Services had a return on equity of 7.59% and a net margin of 5.59%. The firm had revenue of $100.58 million for the quarter, compared to analyst estimates of $98.34 million. Equities analysts forecast that Consumer Portfolio Services, Inc. will post 0.85 EPS for the current fiscal year.

About Consumer Portfolio Services

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.