Hancock Holding Co. grew its holdings in shares of Consumer Portfolio Services, Inc. (NASDAQ:CPSS) by 17.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 44,185 shares of the credit services provider’s stock after buying an additional 6,615 shares during the period. Hancock Holding Co. owned 0.19% of Consumer Portfolio Services worth $201,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of CPSS. Oxford Asset Management bought a new position in shares of Consumer Portfolio Services during the first quarter valued at approximately $230,000. Morgan Stanley lifted its stake 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 worth $1,456,000 after acquiring an additional 34,327 shares during the period. UBS Group AG lifted 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 worth $117,000 after acquiring an additional 22,987 shares during the period. Spark Investment Management LLC lifted 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 worth $280,000 after acquiring an additional 21,400 shares during the period. Finally, Continental Advisors LLC lifted its stake 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 worth $4,881,000 after acquiring an additional 10,000 shares during the period. 46.74% of the stock is currently owned by hedge funds and other institutional investors.

In other news, major shareholder Second Curve Capital Llc sold 15,000 shares of the business’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $3.97, for a total transaction of $59,550.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last quarter, insiders have sold 35,000 shares of company stock valued at $138,750. Corporate insiders own 37.50% of the company’s stock.

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Shares of Consumer Portfolio Services, Inc. (NASDAQ CPSS) opened at 4.60 on Tuesday. Consumer Portfolio Services, Inc. has a 52 week low of $3.66 and a 52 week high of $6.05. The company has a market cap of $104.57 million, a price-to-earnings ratio of 5.46 and a beta of 1.63. The stock’s 50 day moving average is $4.20 and its 200-day moving average is $4.41.

Consumer Portfolio Services (NASDAQ:CPSS) last announced its quarterly earnings data on Monday, July 24th. The credit services provider reported $0.17 EPS for the quarter, missing the Thomson Reuters’ 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 during the quarter, compared to the consensus estimate of $110.31 million. On average, equities analysts anticipate that Consumer Portfolio Services, Inc. will post $0.69 earnings per share for the current year.

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

CPSS has been the topic of several recent analyst reports. Jefferies Group LLC reiterated a “buy” rating and issued a $6.00 price target on shares of Consumer Portfolio Services in a report on Thursday, September 7th. Zacks Investment Research upgraded shares of Consumer Portfolio Services from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th.

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.

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

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