JPMorgan Chase & Co. Decreases Stake in Consumer Portfolio Services, Inc. (NASDAQ:CPSS)

JPMorgan Chase & Co. cut its holdings in shares of Consumer Portfolio Services, Inc. (NASDAQ:CPSS) by 61.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,049 shares of the credit services provider’s stock after selling 6,410 shares during the period. JPMorgan Chase & Co.’s holdings in Consumer Portfolio Services were worth $38,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Empowered Funds LLC raised its stake in 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 valued at $1,337,000 after buying an additional 7,236 shares during the last quarter. Segall Bryant & Hamill LLC bought a new stake in shares of Consumer Portfolio Services in the third quarter worth $445,000. Fisher Asset Management LLC bought a new stake in shares of Consumer Portfolio Services in the third quarter worth $960,000. State Street Corp increased its position in Consumer Portfolio Services by 2.2% during the third quarter. State Street Corp now owns 186,220 shares of the credit services provider’s stock valued at $1,747,000 after acquiring an additional 3,922 shares during the last quarter. Finally, Barclays PLC lifted its holdings in Consumer Portfolio Services by 297.6% in the third quarter. Barclays PLC now owns 11,794 shares of the credit services provider’s stock valued at $110,000 after acquiring an additional 8,828 shares during the period. 47.57% of the stock is currently owned by institutional investors.

Insider Activity at Consumer Portfolio Services

In related news, Director William B. Roberts sold 50,000 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $10.76, for a total value 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 approximately $9,146,839.28. This trade represents a 5.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP April Crisp sold 2,500 shares of the 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 transaction, the vice president now owns 17,212 shares of the company’s stock, valued at $191,913.80. This trade represents a 12.68 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 139,756 shares of company stock worth $1,482,459. 69.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Consumer Portfolio Services from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, January 14th.

Consumer Portfolio Services Stock Down 3.4 %

CPSS stock opened at $11.29 on Wednesday. The business’s 50-day moving average price is $11.02 and its 200-day moving average price is $10.04. The stock has a market cap of $241.72 million, a P/E ratio of 12.98 and a beta of 1.98. 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, Inc. has a twelve month low of $7.03 and a twelve month high of $12.73.

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.