Consumer Portfolio Services, Inc. (NASDAQ:CPSS) posted its earnings results on Monday. The credit services provider reported $0.17 EPS for the quarter, missing the consensus estimate of $0.18 by $0.01, Morningstar.com reports. Consumer Portfolio Services had a return on equity of 14.62% and a net margin of 6.19%.
Shares of Consumer Portfolio Services (NASDAQ:CPSS) opened at 4.66 on Tuesday. The firm has a 50-day moving average price of $4.48 and a 200 day moving average price of $4.73. Consumer Portfolio Services has a one year low of $3.67 and a one year high of $6.05. The firm has a market capitalization of $107.84 million, a price-to-earnings ratio of 5.00 and a beta of 1.72.
Separately, Zacks Investment Research raised Consumer Portfolio Services from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 20th.
In other Consumer Portfolio Services news, major shareholder Second Curve Capital Llc sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $4.52, for a total transaction of $45,200.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 20,000 shares of company stock worth $90,050 in the last quarter. 37.50% of the stock is currently owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in the company. Oxford Asset Management acquired a new position in Consumer Portfolio Services during the first quarter valued at about $230,000. Morgan Stanley boosted its position in Consumer Portfolio Services by 12.5% in the first quarter. Morgan Stanley now owns 309,162 shares of the credit services provider’s stock valued at $1,456,000 after buying an additional 34,327 shares during the last quarter. UBS Group AG boosted its position in Consumer Portfolio Services by 1,213.0% in the first quarter. UBS Group AG now owns 24,882 shares of the credit services provider’s stock valued at $117,000 after buying an additional 22,987 shares during the last quarter. Continental Advisors LLC boosted its position in Consumer Portfolio Services by 1.0% in the first quarter. Continental Advisors LLC now owns 1,036,309 shares of the credit services provider’s stock valued at $4,881,000 after buying an additional 10,000 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in Consumer Portfolio Services by 1.8% in the fourth quarter. Renaissance Technologies LLC now owns 517,900 shares of the credit services provider’s stock valued at $2,652,000 after buying an additional 9,100 shares during the last quarter. Institutional investors own 47.46% of the company’s stock.
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About Consumer Portfolio Services
Consumer Portfolio Services, Inc is a specialty finance company. The Company’s business is to purchase and service retail automobile contracts originated primarily by franchised automobile dealers and by select independent dealers in the United States in the sale of new and used automobiles, light trucks and passenger vans.
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