Consumer Portfolio Services, Inc. (NASDAQ:CPSS) Shares Bought by Continental Advisors LLC

Continental Advisors LLC boosted its holdings in shares of Consumer Portfolio Services, Inc. (NASDAQ:CPSS) by 0.7% during the first quarter, Holdings 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.

Shares of CPSS traded up $0.03 during midday trading on Thursday, reaching $4.99. The stock had a trading volume of 282 shares, compared to its average volume of 21,669. Consumer Portfolio Services, Inc. has a 1-year low of $3.00 and a 1-year high of $5.12. The business has a fifty day moving average price of $4.59. The firm has a market capitalization of $113.12 million, a P/E ratio of 7.06 and a beta of 2.59. The company has a debt-to-equity ratio of 13.26, a quick ratio of 16.79 and a current ratio of 16.79.

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.

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Institutional Ownership by Quarter for Consumer Portfolio Services (NASDAQ:CPSS)

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