Geode Capital Management LLC Sells 4,582 Shares of Consumer Portfolio Services, Inc. (NASDAQ:CPSS)

Geode Capital Management LLC reduced its position in Consumer Portfolio Services, Inc. (NASDAQ:CPSS) by 2.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 190,770 shares of the credit services provider’s stock after selling 4,582 shares during the quarter. Geode Capital Management LLC owned 0.89% of Consumer Portfolio Services worth $1,790,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Barclays PLC boosted its stake in shares of Consumer Portfolio Services by 297.6% during the third quarter. Barclays PLC now owns 11,794 shares of the credit services provider’s stock valued at $110,000 after purchasing an additional 8,828 shares during the period. Segall Bryant & Hamill LLC bought a new stake in Consumer Portfolio Services during the 3rd quarter valued at about $445,000. Fisher Asset Management LLC purchased a new stake in Consumer Portfolio Services in the 3rd quarter valued at about $960,000. Bank of New York Mellon Corp boosted its position in 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 valued at $975,000 after buying an additional 1,343 shares during the period. 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 worth $1,337,000 after acquiring an additional 7,236 shares in the last quarter. Institutional investors own 47.57% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Consumer Portfolio Services Price Performance

Shares of NASDAQ CPSS opened at $11.32 on Thursday. The firm has a market cap of $242.30 million, a P/E ratio of 13.01 and a beta of 1.98. The business’s 50 day moving average price is $10.63 and its 200 day moving average price is $9.82. Consumer Portfolio Services, Inc. has a 52 week low of $7.03 and a 52 week high of $12.04. The company has a quick ratio of 19.16, a current ratio of 19.17 and a debt-to-equity ratio of 10.52.

Consumer Portfolio Services (NASDAQ:CPSS) last announced its quarterly 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 net margin of 5.59% and a return on equity of 7.59%. The company had revenue of $100.58 million during the quarter, compared to analyst estimates of $98.34 million. On average, sell-side analysts expect that Consumer Portfolio Services, Inc. will post 0.85 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director William B. Roberts sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $10.76, for a total transaction of $538,000.00. Following the completion of the transaction, the director now directly owns 850,078 shares of the company’s stock, valued at $9,146,839.28. This represents a 5.56 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Greg Washer sold 10,981 shares of Consumer Portfolio Services stock in a transaction 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 completion of the sale, the director now directly owns 265,000 shares in the company, valued at $2,930,900. This represents a 3.98 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 139,756 shares of company stock worth $1,482,459. Company insiders own 69.00% of the company’s stock.

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.