Empowered Funds LLC Acquires 7,236 Shares of Consumer Portfolio Services, Inc. (NASDAQ:CPSS)

Empowered Funds LLC increased its holdings in Consumer Portfolio Services, Inc. (NASDAQ:CPSS) by 5.3% during the third quarter, HoldingsChannel reports. The fund owned 142,520 shares of the credit services provider’s stock after acquiring an additional 7,236 shares during the quarter. Empowered Funds LLC’s holdings in Consumer Portfolio Services were worth $1,337,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in CPSS. Vanguard Group Inc. raised its stake in shares of Consumer Portfolio Services by 0.7% in the first quarter. Vanguard Group Inc. now owns 521,457 shares of the credit services provider’s stock worth $3,942,000 after purchasing an additional 3,418 shares during the last quarter. Bank of New York Mellon Corp raised its position in Consumer Portfolio Services by 1.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 99,481 shares of the credit services provider’s stock valued at $975,000 after buying an additional 1,343 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in Consumer Portfolio Services by 229.7% during the 1st quarter. BNP Paribas Financial Markets now owns 9,051 shares of the credit services provider’s stock valued at $68,000 after acquiring an additional 6,306 shares in the last quarter. Institutional investors own 47.57% of the company’s stock.

Insider Buying and Selling at Consumer Portfolio Services

In related news, VP John Patrick Harton sold 10,000 shares of the stock in a transaction on Friday, September 6th. The shares were sold at an average price of $9.00, for a total transaction of $90,000.00. Following the transaction, the vice president now owns 265,604 shares of the company’s stock, valued at approximately $2,390,436. This trade represents a 3.63 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Greg Washer sold 10,981 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $11.06, for a total value of $121,449.86. Following the completion of the sale, the director now owns 265,000 shares of the company’s stock, valued at $2,930,900. The trade was a 3.98 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 225,981 shares of company stock valued at $2,273,000 in the last quarter. 69.00% of the stock is currently owned by corporate insiders.

Consumer Portfolio Services Stock Performance

NASDAQ CPSS opened at $10.66 on Friday. The company has a debt-to-equity ratio of 10.52, a current ratio of 19.17 and a quick ratio of 19.16. The firm has a market cap of $228.23 million, a price-to-earnings ratio of 12.25 and a beta of 2.00. Consumer Portfolio Services, Inc. has a 1 year low of $7.03 and a 1 year high of $12.04. The company has a fifty day moving average price of $9.90 and a 200-day moving average price of $9.27.

Consumer Portfolio Services (NASDAQ:CPSS) last released its earnings results on Thursday, October 31st. The credit services provider reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). Consumer Portfolio Services had a net margin of 5.59% and a return on equity of 7.59%. The company had revenue of $100.58 million for the quarter, compared to the consensus estimate of $98.34 million. As a group, equities research analysts predict that Consumer Portfolio Services, Inc. will post 0.85 EPS for the current fiscal year.

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.