Short Interest in Consumer Portfolio Services, Inc. (NASDAQ:CPSS) Decreases By 5.3%

Consumer Portfolio Services, Inc. (NASDAQ:CPSS) was the target of a significant decline in short interest in January. As of January 31st, there was short interest totalling 486,000 shares, a decline of 5.3% from the January 15th total of 513,200 shares. Currently, 5.5% of the company’s shares are short sold. Based on an average daily volume of 34,100 shares, the days-to-cover ratio is currently 14.3 days.

Consumer Portfolio Services Trading Up 3.8 %

NASDAQ CPSS opened at $11.67 on Thursday. The company has a market cap of $249.85 million, a price-to-earnings ratio of 13.41 and a beta of 1.98. Consumer Portfolio Services has a 52 week low of $7.03 and a 52 week high of $12.73. The business has a 50 day moving average price of $11.15 and a 200-day moving average price of $10.13. The company has a quick ratio of 19.16, a current ratio of 19.17 and a debt-to-equity ratio of 10.52.

Analyst Ratings Changes

Separately, StockNews.com downgraded Consumer Portfolio Services from a “strong-buy” rating to a “buy” rating in a report on Wednesday.

Insiders Place Their Bets

In other Consumer Portfolio Services news, Director Daniel S. Wood sold 8,000 shares of Consumer Portfolio Services stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $10.49, for a total value of $83,920.00. Following the completion of the sale, the director now directly owns 186,910 shares in the company, valued at approximately $1,960,685.90. The trade was a 4.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP April Crisp sold 2,500 shares of Consumer Portfolio Services stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $11.15, for a total value of $27,875.00. Following the completion of the sale, the vice president now owns 17,212 shares of the company’s stock, valued at approximately $191,913.80. The trade was a 12.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 45,775 shares of company stock worth $481,069. 69.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Consumer Portfolio Services

Hedge funds and other institutional investors have recently modified their holdings of the company. Empowered Funds LLC boosted its position in shares of Consumer Portfolio Services by 5.3% during the third quarter. Empowered Funds LLC now owns 142,520 shares of the credit services provider’s stock valued at $1,337,000 after buying an additional 7,236 shares during the last quarter. Segall Bryant & Hamill LLC purchased a new position in shares of Consumer Portfolio Services during the third quarter valued at approximately $445,000. Fisher Asset Management LLC purchased a new position in shares of Consumer Portfolio Services during the third quarter valued at approximately $960,000. State Street Corp boosted its position in shares of Consumer Portfolio Services by 2.2% during the third quarter. State Street Corp now owns 186,220 shares of the credit services provider’s stock valued at $1,747,000 after buying an additional 3,922 shares during the last quarter. Finally, Barclays PLC boosted its position in shares of Consumer Portfolio Services by 297.6% during the third quarter. Barclays PLC now owns 11,794 shares of the credit services provider’s stock valued at $110,000 after buying an additional 8,828 shares during the last quarter. Institutional investors own 47.57% of the company’s stock.

Consumer Portfolio Services Company Profile

Consumer Portfolio Services, Inc operates as a specialty finance company in the United States. It is involved in the purchase and service of 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.