Consumer Portfolio Services, Inc. (NASDAQ:CPSS) major shareholder Second Curve Capital Llc sold 15,000 shares of the stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $3.98, for a total transaction of $59,700.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 Tuesday, August 15th, Second Curve Capital Llc sold 15,000 shares of Consumer Portfolio Services stock. The shares were sold at an average price of $3.97, for a total transaction of $59,550.00.
  • On Tuesday, August 8th, Second Curve Capital Llc sold 5,000 shares of Consumer Portfolio Services stock. The shares were sold at an average price of $3.90, for a total transaction of $19,500.00.
  • On Wednesday, May 24th, Second Curve Capital Llc sold 5,000 shares of Consumer Portfolio Services stock. The shares were sold at an average price of $4.44, for a total transaction of $22,200.00.
  • On Tuesday, May 23rd, Second Curve Capital Llc sold 10,000 shares of Consumer Portfolio Services stock. The shares were sold at an average price of $4.52, for a total transaction of $45,200.00.
  • On Tuesday, May 16th, Second Curve Capital Llc sold 5,000 shares of Consumer Portfolio Services stock. The shares were sold at an average price of $4.53, for a total transaction of $22,650.00.

Shares of Consumer Portfolio Services, Inc. (CPSS) traded up 0.25% on Friday, hitting $4.00. 24,391 shares of the stock were exchanged. The firm’s 50-day moving average is $4.28 and its 200-day moving average is $4.60. The company has a market cap of $90.93 million, a P/E ratio of 4.75 and a beta of 1.70. Consumer Portfolio Services, Inc. has a one year low of $3.72 and a one year high of $6.05.

Consumer Portfolio Services (NASDAQ:CPSS) last released its earnings results on Monday, July 24th. The credit services provider reported $0.17 EPS for the quarter, missing the consensus estimate of $0.18 by $0.01. Consumer Portfolio Services had a net margin of 5.49% and a return on equity of 12.76%. The business had revenue of $110.07 million for the quarter, compared to analyst estimates of $110.31 million. On average, equities analysts forecast that Consumer Portfolio Services, Inc. will post $0.69 EPS for the current fiscal year.

Consumer Portfolio Services announced that its board has approved a stock repurchase plan on Monday, July 24th that allows the company to buyback $10.00 million in shares. This buyback authorization allows the credit services provider to purchase up to 9.3% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.

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Hedge funds have recently added to or reduced their stakes in the stock. UBS Group AG raised its stake in Consumer Portfolio Services by 1,213.0% in the first quarter. UBS Group AG now owns 24,882 shares of the credit services provider’s stock valued at $117,000 after buying an additional 22,987 shares in the last quarter. Algert Global LLC raised its stake in Consumer Portfolio Services by 12.1% in the first quarter. Algert Global LLC now owns 31,928 shares of the credit services provider’s stock valued at $150,000 after buying an additional 3,450 shares in the last quarter. Hancock Holding Co. raised its stake in Consumer Portfolio Services by 23.4% in the first quarter. Hancock Holding Co. now owns 37,570 shares of the credit services provider’s stock valued at $177,000 after buying an additional 7,120 shares in the last quarter. Oxford Asset Management acquired a new stake in Consumer Portfolio Services during the first quarter valued at approximately $230,000. Finally, Spark Investment Management LLC raised its stake in 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 valued at $280,000 after buying an additional 21,400 shares in the last quarter. 48.13% of the stock is owned by institutional investors and hedge funds.

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.

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.

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

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