Consumer Portfolio Services, Inc. (NASDAQ:CPSS) major shareholder Second Curve Capital Llc sold 10,000 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $4.15, for a total transaction of $41,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Second Curve Capital Llc also recently made the following trade(s):

  • On Friday, November 10th, Second Curve Capital Llc sold 20,000 shares of Consumer Portfolio Services stock. The stock was sold at an average price of $4.16, for a total transaction of $83,200.00.

Consumer Portfolio Services, Inc. (NASDAQ CPSS) traded down $0.07 on Wednesday, reaching $4.13. 31,600 shares of the company’s stock were exchanged, compared to its average volume of 62,672. Consumer Portfolio Services, Inc. has a 1 year low of $3.66 and a 1 year high of $6.05. The company has a debt-to-equity ratio of 10.89, a current ratio of 17.19 and a quick ratio of 17.19. The firm has a market capitalization of $91.46, a P/E ratio of 5.53 and a beta of 1.94.

Consumer Portfolio Services (NASDAQ:CPSS) last posted its quarterly earnings results on Monday, October 23rd. The credit services provider reported $0.17 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.17. Consumer Portfolio Services had a net margin of 4.87% and a return on equity of 11.09%. The firm had revenue of $109.49 million for the quarter, compared to the consensus estimate of $112.39 million. analysts forecast that Consumer Portfolio Services, Inc. will post 0.66 earnings per share for the current fiscal year.

Consumer Portfolio Services announced that its board has authorized a share buyback program on Monday, July 24th that allows the company to buyback $10.00 million in outstanding shares. This buyback authorization allows the credit services provider to reacquire up to 9.3% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

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Several equities research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Consumer Portfolio Services from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. TheStreet downgraded shares of Consumer Portfolio Services from a “c” rating to a “d” rating in a research note on Tuesday, October 31st. Finally, Jefferies Group LLC restated a “buy” rating and issued a $6.00 price objective on shares of Consumer Portfolio Services in a research note on Thursday, September 7th.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Goldman Sachs Group Inc. boosted its stake in Consumer Portfolio Services by 0.6% during 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. Numeric Investors LLC boosted its stake in Consumer Portfolio Services by 0.5% during the second quarter. Numeric Investors LLC now owns 244,034 shares of the credit services provider’s stock worth $1,110,000 after buying an additional 1,329 shares in the last quarter. Vanguard Group Inc. boosted its stake in Consumer Portfolio Services by 0.9% during 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. Hancock Holding Co. boosted its stake in Consumer Portfolio Services by 17.6% during 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. Finally, Spark Investment Management LLC lifted its holdings in shares of Consumer Portfolio Services by 53.2% during the second quarter. Spark Investment Management LLC now owns 61,600 shares of the credit services provider’s stock valued at $280,000 after acquiring an additional 21,400 shares during the period. Hedge funds and other institutional investors own 48.90% of the company’s stock.

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.

Insider Buying and Selling by Quarter for Consumer Portfolio Services (NASDAQ:CPSS)

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