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

Charles Schwab Investment Management Inc. reduced its position in shares of Consumer Portfolio Services, Inc. (NASDAQ:CPSS - Free Report) by 82.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,927 shares of the credit services provider's stock after selling 120,509 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.12% of Consumer Portfolio Services worth $271,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Consumer Portfolio Services from a "buy" rating to a "strong-buy" rating in a research note on Saturday, March 8th.

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Insider Buying and Selling

In related news, Director William B. Roberts sold 4,176 shares of the stock in a transaction that occurred 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 sale, the director now owns 685,702 shares of the company's stock, valued at $6,342,743.50. This represents a 0.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Over the last three months, insiders have sold 11,169 shares of company stock valued at $104,459. 69.00% of the stock is owned by company insiders.

Consumer Portfolio Services Stock Performance

Shares of Consumer Portfolio Services stock traded up $0.15 on Thursday, hitting $8.76. The stock had a trading volume of 44,630 shares, compared to its average volume of 32,609. The stock has a market cap of $187.84 million, a price-to-earnings ratio of 10.07 and a beta of 2.14. The company has a quick ratio of 19.16, a current ratio of 19.17 and a debt-to-equity ratio of 10.52. Consumer Portfolio Services, Inc. has a twelve month low of $7.03 and a twelve month high of $12.73. The business's 50 day moving average is $10.14 and its two-hundred day moving average is $10.27.

Consumer Portfolio Services (NASDAQ:CPSS - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The credit services provider reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.06). The firm had revenue of $105.30 million for the quarter, compared to the consensus estimate of $102.37 million. Consumer Portfolio Services had a return on equity of 7.59% and a net margin of 5.59%. Analysts forecast that Consumer Portfolio Services, Inc. will post 0.85 EPS for the current 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.