Consumer Portfolio Services, Inc. (NASDAQ:CPSS) Shares Purchased by Barclays PLC

Barclays PLC increased its position in Consumer Portfolio Services, Inc. (NASDAQ:CPSS) by 11.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,147 shares of the credit services provider’s stock after acquiring an additional 1,353 shares during the period. Barclays PLC’s holdings in Consumer Portfolio Services were worth $143,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CPSS. Wells Fargo & Company MN increased its holdings in shares of Consumer Portfolio Services by 25.2% in the fourth quarter. Wells Fargo & Company MN now owns 4,883 shares of the credit services provider’s stock valued at $53,000 after purchasing an additional 984 shares during the period. JPMorgan Chase & Co. boosted its position in Consumer Portfolio Services by 620.5% in the fourth quarter. JPMorgan Chase & Co. now owns 29,173 shares of the credit services provider’s stock valued at $317,000 after buying an additional 25,124 shares during the last quarter. Verity & Verity LLC acquired a new position in Consumer Portfolio Services in the 4th quarter worth approximately $1,309,000. Empowered Funds LLC increased its holdings in 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 worth $1,577,000 after buying an additional 2,700 shares during the period. Finally, Geode Capital Management LLC raised its position in Consumer Portfolio Services by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 193,181 shares of the credit services provider’s stock worth $2,098,000 after buying an additional 2,411 shares during the last quarter. Institutional investors and hedge funds own 47.57% of the company’s stock.

Consumer Portfolio Services Stock Up 0.5%

Shares of CPSS stock opened at $9.65 on Wednesday. Consumer Portfolio Services, Inc. has a twelve month low of $7.03 and a twelve month high of $12.73. The stock has a market cap of $206.92 million, a P/E ratio of 11.09 and a beta of 0.93. The stock has a 50 day moving average of $8.88 and a 200 day moving average of $10.12. 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 (NASDAQ:CPSS) last posted its earnings results on Monday, May 12th. The credit services provider reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.11). The firm had revenue of $106.87 million for the quarter, compared to analysts’ expectations of $109.99 million. Consumer Portfolio Services had a return on equity of 7.59% and a net margin of 5.59%. As a group, sell-side analysts expect that Consumer Portfolio Services, Inc. will post 0.85 EPS for the current year.

Insiders Place Their Bets

In other news, Director William B. Roberts sold 4,176 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $9.25, for a total value of $38,628.00. Following the transaction, the director now owns 685,702 shares in the company, valued at $6,342,743.50. This trade represents a 0.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Over the last ninety days, insiders sold 11,169 shares of company stock worth $104,459. Company insiders own 69.00% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Consumer Portfolio Services 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.