Continental Advisors LLC Increases Position in Consumer Portfolio Services, Inc. (NASDAQ:CPSS)

Continental Advisors LLC boosted its holdings in shares of Consumer Portfolio Services, Inc. (NASDAQ:CPSS) by 0.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 729,494 shares of the credit services provider’s stock after purchasing an additional 5,240 shares during the period. Consumer Portfolio Services comprises approximately 1.4% of Continental Advisors LLC’s investment portfolio, making the stock its 25th biggest holding. Continental Advisors LLC owned approximately 3.22% of Consumer Portfolio Services worth $2,940,000 as of its most recent SEC filing.

Separately, Renaissance Technologies LLC lifted its position in Consumer Portfolio Services by 18.8% during the fourth 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 during the period. 48.94% of the stock is owned by institutional investors.

Shares of Consumer Portfolio Services stock traded up $0.03 during trading hours on Thursday, reaching $4.99. The stock had a trading volume of 282 shares, compared to its average volume of 21,669. The company’s 50 day simple moving average is $4.59. The stock has a market cap of $113.12 million, a price-to-earnings ratio of 7.06 and a beta of 2.59. Consumer Portfolio Services, Inc. has a twelve month low of $3.00 and a twelve month high of $5.12. The company has a quick ratio of 16.79, a current ratio of 16.79 and a debt-to-equity ratio of 13.26.

Consumer Portfolio Services (NASDAQ:CPSS) last issued its quarterly earnings data on Sunday, May 9th. The credit services provider reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.02). Consumer Portfolio Services had a return on equity of 12.21% and a net margin of 6.09%. The firm had revenue of $63.11 million during the quarter, compared to analyst estimates of $64.68 million. On average, analysts forecast that Consumer Portfolio Services, Inc. will post 0.76 EPS for the current year.

Separately, Zacks Investment Research upgraded shares of Consumer Portfolio Services from a “sell” rating to a “hold” rating in a research report on Tuesday, July 13th.

Consumer Portfolio Services 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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