Continental Advisors LLC boosted its holdings in shares of Consumer Portfolio Services, Inc. (NASDAQ:CPSS) by 0.7% during the first quarter, Holdings Channel.com reports. The institutional investor owned 729,494 shares of the credit services provider’s stock after buying an additional 5,240 shares during the period. Consumer Portfolio Services accounts for 1.4% of Continental Advisors LLC’s investment portfolio, making the stock its 25th largest holding. Continental Advisors LLC’s holdings in Consumer Portfolio Services were worth $2,940,000 at the end of the most recent quarter.
Separately, Renaissance Technologies LLC raised its holdings in shares of Consumer Portfolio Services by 18.8% in the 4th quarter. Renaissance Technologies LLC now owns 496,458 shares of the credit services provider’s stock valued at $2,105,000 after purchasing an additional 78,700 shares in the last quarter. 48.94% of the stock is owned by institutional investors.
Separately, Zacks Investment Research upgraded shares of Consumer Portfolio Services from a “sell” rating to a “hold” rating in a report on Tuesday, July 13th.
Consumer Portfolio Services (NASDAQ:CPSS) last announced its quarterly earnings data on Sunday, May 9th. The credit services provider reported $0.21 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.02). Consumer Portfolio Services had a net margin of 6.09% and a return on equity of 12.21%. The firm had revenue of $63.11 million during the quarter, compared to analyst estimates of $64.68 million. Research analysts expect that Consumer Portfolio Services, Inc. will post 0.76 earnings per share for the current year.
Consumer Portfolio Services Company Profile
Consumer Portfolio Services, Inc operates as a specialty finance company in the United States. It purchases and services 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. The company, through its automobile contract purchases, offers indirect financing to the customers of dealers with limited credit histories or past credit problems.
Featured Article: CD Ladder
Want to see what other hedge funds are holding CPSS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Consumer Portfolio Services, Inc. (NASDAQ:CPSS).
Receive News & Ratings for Consumer Portfolio Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Consumer Portfolio Services and related companies with MarketBeat.com's FREE daily email newsletter.