Consumer Portfolio Services, Inc. (CPSS) Major Shareholder Second Curve Capital Llc Sells 8,000 Shares of Stock

Consumer Portfolio Services, Inc. (NASDAQ:CPSS) major shareholder Second Curve Capital Llc sold 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $4.10, for a total value of $32,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own more than 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 Wednesday, November 22nd, Second Curve Capital Llc sold 5,000 shares of Consumer Portfolio Services stock. The shares were sold at an average price of $4.25, for a total value of $21,250.00.
  • On Thursday, November 16th, Second Curve Capital Llc sold 10,000 shares of Consumer Portfolio Services stock. The shares were sold at an average price of $4.13, for a total value of $41,300.00.
  • On Monday, November 20th, Second Curve Capital Llc purchased 150,000 shares of Consumer Portfolio Services stock. The shares were purchased at an average cost of $4.22 per share, for a total transaction of $633,000.00.
  • On Monday, November 13th, Second Curve Capital Llc sold 10,000 shares of Consumer Portfolio Services stock. The shares were sold at an average price of $4.15, for a total value of $41,500.00.
  • On Friday, November 10th, Second Curve Capital Llc sold 20,000 shares of Consumer Portfolio Services stock. The shares were sold at an average price of $4.16, for a total value of $83,200.00.

Consumer Portfolio Services, Inc. (NASDAQ CPSS) traded up $0.06 during midday trading on Friday, hitting $4.33. The stock had a trading volume of 24,545 shares, compared to its average volume of 61,021. The company has a market cap of $92.98, a PE ratio of 5.62 and a beta of 1.91. The company has a debt-to-equity ratio of 10.89, a current ratio of 17.19 and a quick ratio of 17.19. Consumer Portfolio Services, Inc. has a 12-month low of $3.66 and a 12-month high of $6.05.

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

CPSS has been the topic of several research analyst reports. Jefferies Group reissued a “buy” rating and set a $6.00 price target on shares of Consumer Portfolio Services in a report on Thursday, September 7th. TheStreet cut Consumer Portfolio Services from a “c” rating to a “d” rating in a report on Tuesday, October 31st. Finally, Zacks Investment Research raised Consumer Portfolio Services from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. increased its stake in shares of Consumer Portfolio Services by 0.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 70,127 shares of the credit services provider’s stock worth $330,000 after purchasing an additional 397 shares in the last quarter. Numeric Investors LLC increased its stake in shares of Consumer Portfolio Services by 0.5% in the 2nd quarter. Numeric Investors LLC now owns 244,034 shares of the credit services provider’s stock worth $1,110,000 after purchasing an additional 1,329 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Consumer Portfolio Services by 0.9% in the 2nd quarter. Vanguard Group Inc. now owns 760,620 shares of the credit services provider’s stock worth $3,461,000 after purchasing an additional 6,530 shares in the last quarter. Hancock Holding Co. increased its stake in shares of Consumer Portfolio Services by 17.6% in the 2nd quarter. Hancock Holding Co. now owns 44,185 shares of the credit services provider’s stock worth $201,000 after purchasing an additional 6,615 shares in the last quarter. Finally, Spark Investment Management LLC increased its stake in shares of Consumer Portfolio Services by 53.2% in the 2nd quarter. Spark Investment Management LLC now owns 61,600 shares of the credit services provider’s stock worth $280,000 after purchasing an additional 21,400 shares in the last quarter. 48.42% of the stock is currently owned by hedge funds and other institutional investors.

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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.

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

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