Charles Schwab Investment Management Inc. Sells 120,509 Shares of Consumer Portfolio Services, Inc. (NASDAQ:CPSS)

Charles Schwab Investment Management Inc. lessened its holdings in shares of Consumer Portfolio Services, Inc. (NASDAQ:CPSS - Free Report) by 82.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,927 shares of the credit services provider's stock after selling 120,509 shares during the period. Charles Schwab Investment Management Inc. owned about 0.12% of Consumer Portfolio Services worth $271,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of CPSS. Barclays PLC lifted its position in shares of Consumer Portfolio Services by 297.6% in the 3rd quarter. Barclays PLC now owns 11,794 shares of the credit services provider's stock worth $110,000 after purchasing an additional 8,828 shares during the period. Verity & Verity LLC bought a new position in Consumer Portfolio Services in the fourth quarter worth about $1,309,000. Empowered Funds LLC lifted its holdings in Consumer Portfolio Services by 1.9% in the fourth quarter. Empowered Funds LLC now owns 145,220 shares of the credit services provider's stock worth $1,577,000 after buying an additional 2,700 shares during the period. Finally, State Street Corp boosted its position in Consumer Portfolio Services by 2.2% during the 3rd quarter. State Street Corp now owns 186,220 shares of the credit services provider's stock valued at $1,747,000 after acquiring an additional 3,922 shares in the last quarter. Institutional investors own 47.57% of the company's stock.

Insider Transactions at Consumer Portfolio Services

In other Consumer Portfolio Services news, Director William B. Roberts sold 4,176 shares of Consumer Portfolio Services stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $9.25, for a total transaction of $38,628.00. Following the completion of the transaction, the director now owns 685,702 shares in the company, valued at approximately $6,342,743.50. The trade was a 0.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 11,169 shares of company stock valued at $104,459 in the last ninety days. 69.00% of the stock is currently owned by corporate insiders.

Consumer Portfolio Services Stock Up 7.3 %

CPSS traded up $0.64 during trading on Friday, reaching $9.40. The stock had a trading volume of 49,317 shares, compared to its average volume of 32,790. The company has a current ratio of 19.17, a quick ratio of 19.16 and a debt-to-equity ratio of 10.52. The company has a market capitalization of $201.56 million, a price-to-earnings ratio of 10.80 and a beta of 1.78. The stock's 50 day moving average is $10.04 and its two-hundred day moving average is $10.26. Consumer Portfolio Services, Inc. has a one year low of $7.03 and a one year high of $12.73.

Consumer Portfolio Services (NASDAQ:CPSS - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The credit services provider reported $0.21 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.27 by ($0.06). The business had revenue of $105.30 million for the quarter, compared to analysts' expectations of $102.37 million. Consumer Portfolio Services had a net margin of 5.59% and a return on equity of 7.59%. As a group, analysts expect that Consumer Portfolio Services, Inc. will post 0.85 earnings per share for the current year.

Analysts Set New Price Targets

Separately, StockNews.com raised Consumer Portfolio Services from a "buy" rating to a "strong-buy" rating in a research report on Saturday, March 8th.

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.