Consumer Portfolio Services, Inc. (NASDAQ:CPSS) Short Interest Down 6.1% in September

Consumer Portfolio Services, Inc. (NASDAQ:CPSS) saw a significant drop in short interest in the month of September. As of September 30th, there was short interest totalling 1,070,000 shares, a drop of 6.1% from the September 15th total of 1,140,000 shares. Currently, 12.4% of the company’s shares are short sold. Based on an average daily trading volume, of 42,600 shares, the days-to-cover ratio is currently 25.1 days.

Consumer Portfolio Services Stock Performance

Shares of CPSS traded down $0.06 during trading hours on Thursday, reaching $9.60. 4,008 shares of the company traded hands, compared to its average volume of 31,201. Consumer Portfolio Services has a 1-year low of $7.03 and a 1-year high of $12.04. The stock has a market cap of $201.80 million, a P/E ratio of 6.71 and a beta of 2.01. The stock’s fifty day moving average is $9.05 and its 200 day moving average is $8.95. The company has a debt-to-equity ratio of 10.19, a quick ratio of 21.80 and a current ratio of 21.80.

Consumer Portfolio Services (NASDAQ:CPSS) last issued its earnings results on Tuesday, July 30th. The credit services provider reported $0.19 EPS for the quarter. The business had revenue of $95.88 million during the quarter. Consumer Portfolio Services had a return on equity of 9.76% and a net margin of 7.22%. Equities research analysts anticipate that Consumer Portfolio Services will post 0.9 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, VP John Patrick Harton sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $9.00, for a total value of $90,000.00. Following the completion of the sale, the vice president now owns 265,604 shares in the company, valued at approximately $2,390,436. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Consumer Portfolio Services news, VP John Patrick Harton sold 10,000 shares of Consumer Portfolio Services stock in a transaction dated Friday, September 6th. The stock was 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 $2,390,436. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Charles E. Bradley, Jr. sold 70,000 shares of Consumer Portfolio Services stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $9.85, for a total transaction of $689,500.00. Following the completion of the sale, the chief executive officer now owns 3,720,092 shares of the company’s stock, valued at $36,642,906.20. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 135,000 shares of company stock worth $1,302,750 over the last ninety days. 67.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of CPSS. Vanguard Group Inc. grew its position in shares of Consumer Portfolio Services by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 521,457 shares of the credit services provider’s stock worth $3,942,000 after buying an additional 3,418 shares during the period. HighPoint Advisor Group LLC acquired a new position in shares of Consumer Portfolio Services in the 4th quarter valued at $766,000. Empowered Funds LLC increased its position in shares of Consumer Portfolio Services by 8.1% in the 1st quarter. Empowered Funds LLC now owns 125,564 shares of the credit services provider’s stock valued at $949,000 after buying an additional 9,450 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Consumer Portfolio Services by 1.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 99,481 shares of the credit services provider’s stock worth $975,000 after buying an additional 1,343 shares during the period. Finally, BNP Paribas Financial Markets lifted its holdings in Consumer Portfolio Services by 229.7% during the first quarter. BNP Paribas Financial Markets now owns 9,051 shares of the credit services provider’s stock worth $68,000 after acquiring an additional 6,306 shares in the last quarter. 47.57% of the stock is currently owned by institutional investors.

About Consumer Portfolio Services

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.