Charles Schwab Investment Management Inc. Has $271,000 Holdings in Consumer Portfolio Services, Inc. (NASDAQ:CPSS)

Charles Schwab Investment Management Inc. decreased its holdings in shares of Consumer Portfolio Services, Inc. (NASDAQ:CPSS) by 82.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,927 shares of the credit services provider’s stock after selling 120,509 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.12% of Consumer Portfolio Services worth $271,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of CPSS. Verity & Verity LLC bought a new position in Consumer Portfolio Services during the 4th quarter worth approximately $1,309,000. Barclays PLC raised 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 worth $110,000 after purchasing an additional 8,828 shares during the period. State Street Corp boosted its position in shares of 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 worth $1,747,000 after purchasing an additional 3,922 shares in the last quarter. Finally, Empowered Funds LLC grew its holdings in shares of Consumer Portfolio Services by 1.9% in the 4th quarter. Empowered Funds LLC now owns 145,220 shares of the credit services provider’s stock valued at $1,577,000 after buying an additional 2,700 shares during the period. 47.57% of the stock is owned by institutional investors.

Consumer Portfolio Services Price Performance

Shares of NASDAQ CPSS opened at $8.44 on Wednesday. The company has a fifty day moving average price of $10.19 and a 200 day moving average price of $10.28. The firm has a market cap of $180.98 million, a PE ratio of 9.70 and a beta of 2.14. The company has a current ratio of 19.17, a quick ratio of 19.16 and a debt-to-equity ratio of 10.52. Consumer Portfolio Services, Inc. has a 1-year low of $7.03 and a 1-year high of $12.73.

Consumer Portfolio Services (NASDAQ:CPSS) last released 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). The company had revenue of $105.30 million during the quarter, compared to analyst estimates of $102.37 million. Consumer Portfolio Services had a net margin of 5.59% and a return on equity of 7.59%. Research analysts predict that Consumer Portfolio Services, Inc. will post 0.85 earnings per share for the current fiscal year.

Insider Transactions at Consumer Portfolio Services

In other Consumer Portfolio Services news, Director William B. Roberts sold 4,176 shares of the company’s stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $9.25, for a total value of $38,628.00. Following the sale, the director now owns 685,702 shares in the company, valued at approximately $6,342,743.50. The trade was a 0.61 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In the last three months, insiders have sold 11,169 shares of company stock valued at $104,459. 69.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Consumer Portfolio Services from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 8th.

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.