Consumer Portfolio Services, Inc. (NASDAQ:CPSS) Shares Sold by Rhumbline Advisers

Rhumbline Advisers lessened its holdings in Consumer Portfolio Services, Inc. (NASDAQ:CPSS) by 19.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,842 shares of the credit services provider’s stock after selling 3,517 shares during the quarter. Rhumbline Advisers owned about 0.07% of Consumer Portfolio Services worth $161,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of CPSS. Verity & Verity LLC purchased a new stake in Consumer Portfolio Services in the 4th quarter worth approximately $1,309,000. Fisher Asset Management LLC purchased a new stake in Consumer Portfolio Services in the 3rd quarter worth approximately $960,000. Segall Bryant & Hamill LLC purchased a new stake in Consumer Portfolio Services in the 3rd quarter worth approximately $445,000. Barclays PLC boosted its position in Consumer Portfolio Services by 297.6% in the 3rd quarter. Barclays PLC now owns 11,794 shares of the credit services provider’s stock worth $110,000 after purchasing an additional 8,828 shares in the last quarter. Finally, Empowered Funds LLC boosted its position 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 purchasing an additional 7,236 shares in the last quarter. Institutional investors and hedge funds own 47.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Consumer Portfolio Services from a “buy” rating to a “strong-buy” rating in a research report on Saturday.

Insider Buying and Selling

In other news, VP April Crisp sold 2,500 shares of Consumer Portfolio Services stock in a transaction dated Thursday, December 12th. The stock was 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 owns 17,212 shares in the company, valued at approximately $191,913.80. This trade represents a 12.68 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director William B. Roberts sold 6,259 shares of Consumer Portfolio Services stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $9.41, for a total value of $58,897.19. Following the completion of the transaction, the director now owns 690,078 shares of the company’s stock, valued at $6,493,633.98. The trade was a 0.90 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,293 shares of company stock valued at $91,792. 69.00% of the stock is currently owned by insiders.

Consumer Portfolio Services Stock Down 3.2 %

NASDAQ CPSS opened at $9.11 on Tuesday. The business has a fifty day moving average price of $10.94 and a 200 day moving average price of $10.28. Consumer Portfolio Services, Inc. has a one year low of $7.03 and a one year high of $12.73. 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 $195.00 million, a P/E ratio of 10.47 and a beta of 2.14.

Consumer Portfolio Services (NASDAQ:CPSS) last issued its earnings results on Tuesday, February 25th. The credit services provider reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $105.30 million during the quarter, compared to analyst estimates of $102.37 million. Research analysts anticipate 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.