Consumer Portfolio Services, Inc. (NASDAQ:CPSS) Sees Significant Drop in Short Interest

Consumer Portfolio Services, Inc. (NASDAQ:CPSS) was the recipient of a significant decrease in short interest in January. As of January 31st, there was short interest totalling 486,000 shares, a decrease of 5.3% from the January 15th total of 513,200 shares. Currently, 5.5% of the shares of the company are sold short. Based on an average daily trading volume, of 34,100 shares, the short-interest ratio is presently 14.3 days.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other Consumer Portfolio Services news, VP April Crisp sold 2,500 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was 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 in the company, valued at approximately $191,913.80. This represents a 12.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director William B. Roberts sold 15,000 shares of the stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $10.45, for a total value of $156,750.00. Following the transaction, the director now owns 700,078 shares in the company, valued at $7,315,815.10. This trade represents a 2.10 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 48,775 shares of company stock valued at $512,209. Corporate insiders own 69.00% of the company’s stock.

Institutional Investors Weigh In On Consumer Portfolio Services

Hedge funds have recently modified their holdings of the business. Segall Bryant & Hamill LLC acquired a new position in Consumer Portfolio Services during the third quarter worth about $445,000. State Street Corp lifted its stake in Consumer Portfolio Services by 2.2% in the 3rd quarter. State Street Corp now owns 186,220 shares of the credit services provider’s stock worth $1,747,000 after purchasing an additional 3,922 shares in the last quarter. Verity & Verity LLC acquired a new position in shares of Consumer Portfolio Services during the 4th quarter worth approximately $1,309,000. Barclays PLC grew its position in shares of 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 purchasing an additional 8,828 shares in the last quarter. Finally, Empowered Funds LLC increased its holdings in shares of Consumer Portfolio Services by 1.9% in the fourth quarter. Empowered Funds LLC now owns 145,220 shares of the credit services provider’s stock valued at $1,577,000 after purchasing an additional 2,700 shares during the last quarter. 47.57% of the stock is currently owned by institutional investors and hedge funds.

Consumer Portfolio Services Stock Down 1.2 %

NASDAQ CPSS opened at $10.95 on Tuesday. The business has a fifty day moving average price of $11.13 and a 200 day moving average price of $10.10. 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 has a market cap of $234.44 million, a P/E ratio of 12.59 and a beta of 1.98. Consumer Portfolio Services has a one year low of $7.03 and a one year 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.