Consumer Portfolio Services, Inc. (NASDAQ:CPSS) major shareholder Second Curve Capital Llc sold 15,000 shares of the company’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $3.98, for a total transaction of $59,700.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

  • On Wednesday, May 24th, Second Curve Capital Llc sold 5,000 shares of Consumer Portfolio Services stock. The stock was 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 stock was 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 stock was sold at an average price of $4.53, for a total transaction of $22,650.00.

Shares of Consumer Portfolio Services, Inc. (CPSS) traded down 0.875% during trading on Monday, reaching $3.965. 76,590 shares of the company were exchanged. The firm has a market capitalization of $90.13 million, a P/E ratio of 4.709 and a beta of 1.70. The firm’s 50 day moving average is $4.46 and its 200 day moving average is $4.69. Consumer Portfolio Services, Inc. has a 1-year low of $3.72 and a 1-year high of $6.05.

Consumer Portfolio Services (NASDAQ:CPSS) last posted its earnings results on Monday, July 24th. The credit services provider reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by $0.01. Consumer Portfolio Services had a net margin of 4.15% and a return on equity of 9.58%. The company had revenue of $110.07 million during the quarter, compared to analysts’ expectations of $110.31 million. On average, equities analysts anticipate that Consumer Portfolio Services, Inc. will post $0.69 EPS for the current fiscal year.

Consumer Portfolio Services declared that its board has initiated a stock repurchase plan on Monday, July 24th that authorizes the company to repurchase $10.00 million in outstanding shares. This repurchase authorization authorizes the credit services provider to buy up to 9.3% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

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A number of institutional investors have recently bought and sold shares of the stock. Spark Investment Management LLC raised its position 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 during the period. Goldman Sachs Group Inc. raised its position in Consumer Portfolio Services by 0.6% in the first quarter. Goldman Sachs Group Inc. now owns 70,127 shares of the credit services provider’s stock valued at $330,000 after buying an additional 397 shares during the period. Continental Advisors LLC raised its position in Consumer Portfolio Services by 1.0% in the first quarter. Continental Advisors LLC now owns 1,036,309 shares of the credit services provider’s stock valued at $4,881,000 after buying an additional 10,000 shares during the period. Morgan Stanley raised its position in Consumer Portfolio Services by 12.5% in the first quarter. Morgan Stanley now owns 309,162 shares of the credit services provider’s stock valued at $1,456,000 after buying an additional 34,327 shares during the period. Finally, UBS Group AG raised its position 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 during the period. Institutional investors own 48.19% of the company’s stock.

Separately, Zacks Investment Research cut shares of Consumer Portfolio Services from a “hold” rating to a “sell” rating in a research note on Thursday, April 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.

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