Consumer Portfolio Services, Inc. (NASDAQ:CPSS) Short Interest Update

Consumer Portfolio Services, Inc. (NASDAQ:CPSS) was the recipient of a significant drop in short interest in the month of November. As of November 15th, there was short interest totalling 805,300 shares, a drop of 20.3% from the October 31st total of 1,010,000 shares. Currently, 9.6% of the company’s stock are short sold. Based on an average daily volume of 39,200 shares, the short-interest ratio is presently 20.5 days.

Analysts Set New Price Targets

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

Insider Activity at Consumer Portfolio Services

In other news, Director Greg Washer sold 10,981 shares of the firm’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $11.06, for a total value of $121,449.86. Following the sale, the director now directly owns 265,000 shares in the company, valued at approximately $2,930,900. This trade represents a 3.98 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William B. Roberts sold 10,000 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $10.64, for a total transaction of $106,400.00. Following the transaction, the director now owns 745,078 shares of the company’s stock, valued at approximately $7,927,629.92. The trade was a 1.32 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 247,256 shares of company stock worth $2,497,284. Company insiders own 69.00% of the company’s stock.

Institutional Investors Weigh In On Consumer Portfolio Services

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Barclays PLC grew its position in shares of Consumer Portfolio Services by 297.6% during the third quarter. Barclays PLC now owns 11,794 shares of the credit services provider’s stock worth $110,000 after acquiring an additional 8,828 shares during the last quarter. Segall Bryant & Hamill LLC acquired a new stake in Consumer Portfolio Services during the 3rd quarter worth $445,000. Fisher Asset Management LLC purchased a new position in Consumer Portfolio Services during the 3rd quarter worth $960,000. Bank of New York Mellon Corp increased its stake in Consumer Portfolio Services by 1.4% in the second quarter. Bank of New York Mellon Corp now owns 99,481 shares of the credit services provider’s stock valued at $975,000 after purchasing an additional 1,343 shares during the period. Finally, Empowered Funds LLC raised its holdings in shares of Consumer Portfolio Services by 5.3% in the third 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. Hedge funds and other institutional investors own 47.57% of the company’s stock.

Consumer Portfolio Services Stock Up 1.4 %

Shares of Consumer Portfolio Services stock traded up $0.14 during trading hours on Friday, hitting $10.36. The company had a trading volume of 10,387 shares, compared to its average volume of 31,874. The company’s 50-day moving average is $9.98 and its two-hundred day moving average is $9.35. Consumer Portfolio Services has a twelve month low of $7.03 and a twelve month high of $12.04. The company has a debt-to-equity ratio of 10.52, a current ratio of 19.17 and a quick ratio of 19.16. The company has a market cap of $221.76 million, a P/E ratio of 11.91 and a beta of 2.00.

Consumer Portfolio Services (NASDAQ:CPSS) last released its quarterly earnings data on Thursday, October 31st. The credit services provider reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.01). Consumer Portfolio Services had a net margin of 5.59% and a return on equity of 7.59%. The company had revenue of $100.58 million during the quarter, compared to analyst estimates of $98.34 million. Analysts anticipate that Consumer Portfolio Services will post 0.85 earnings per share 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.