Consumer Portfolio Services, Inc. (NASDAQ:CPSS) saw a large growth in short interest in the month of July. As of July 31st, there was short interest totalling 922,824 shares, a growth of 43.5% from the July 14th total of 642,860 shares. Currently, 5.2% of the company’s shares are sold short. Based on an average daily trading volume, of 140,418 shares, the short-interest ratio is currently 6.6 days.

Separately, Zacks Investment Research raised shares of Consumer Portfolio Services from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 20th.

In other news, major shareholder Second Curve Capital Llc sold 10,000 shares of the business’s stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $4.52, for a total value of $45,200.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 40,000 shares of company stock valued at $169,250 in the last three months. 37.50% of the stock is owned by company insiders.

A number of institutional investors have recently made changes to their positions in the company. Hancock Holding Co. increased its position in shares of Consumer Portfolio Services by 17.6% in the second quarter. Hancock Holding Co. now owns 44,185 shares of the credit services provider’s stock worth $201,000 after buying an additional 6,615 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Consumer Portfolio Services by 0.9% in the second quarter. Vanguard Group Inc. now owns 760,620 shares of the credit services provider’s stock worth $3,461,000 after buying an additional 6,530 shares in the last quarter. Spark Investment Management LLC increased its position in shares of Consumer Portfolio Services by 53.2% in the second quarter. Spark Investment Management LLC now owns 61,600 shares of the credit services provider’s stock worth $280,000 after buying an additional 21,400 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Consumer Portfolio Services by 0.6% in the first quarter. Goldman Sachs Group Inc. now owns 70,127 shares of the credit services provider’s stock worth $330,000 after buying an additional 397 shares in the last quarter. Finally, Continental Advisors LLC increased its position in shares of 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 worth $4,881,000 after buying an additional 10,000 shares in the last quarter. 48.19% of the stock is owned by institutional investors and hedge funds.

Consumer Portfolio Services (NASDAQ CPSS) opened at 3.89 on Friday. The firm has a market cap of $88.43 million, a price-to-earnings ratio of 4.62 and a beta of 1.70. The stock has a 50 day moving average of $4.35 and a 200 day moving average of $4.64. Consumer Portfolio Services has a one year low of $3.72 and a one year high of $6.05.

Consumer Portfolio Services (NASDAQ:CPSS) last announced its earnings results on Monday, July 24th. The credit services provider reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by $0.01. Consumer Portfolio Services had a return on equity of 12.76% and a net margin of 5.49%. The firm had revenue of $110.07 million for the quarter, compared to the consensus estimate of $110.31 million. Equities research analysts predict that Consumer Portfolio Services will post $0.69 EPS for the current fiscal year.

Consumer Portfolio Services declared that its Board of Directors has authorized a share repurchase program on Monday, July 24th that permits the company to buyback $10.00 million in shares. This buyback authorization permits the credit services provider to buy up to 9.3% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

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Consumer Portfolio Services Company Profile

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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