Fisher Asset Management LLC Makes New Investment in Consumer Portfolio Services, Inc. (NASDAQ:CPSS)

Fisher Asset Management LLC bought a new stake in Consumer Portfolio Services, Inc. (NASDAQ:CPSS - Free Report) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 102,377 shares of the credit services provider's stock, valued at approximately $960,000. Fisher Asset Management LLC owned about 0.49% of Consumer Portfolio Services as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in CPSS. Segall Bryant & Hamill LLC purchased a new stake in shares of Consumer Portfolio Services during the third quarter worth approximately $445,000. Empowered Funds LLC lifted its stake in shares of Consumer Portfolio Services by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 142,520 shares of the credit services provider's stock worth $1,337,000 after acquiring an additional 7,236 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Consumer Portfolio Services by 1.4% in the second quarter. Bank of New York Mellon Corp now owns 99,481 shares of the credit services provider's stock valued at $975,000 after acquiring an additional 1,343 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings 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 valued at $3,942,000 after acquiring an additional 3,418 shares in the last quarter. Institutional investors and hedge funds own 47.57% of the company's stock.

Consumer Portfolio Services Price Performance

Shares of NASDAQ:CPSS traded up $0.14 during midday trading on Friday, hitting $10.36. 10,387 shares of the stock were exchanged, compared to its average volume of 31,874. The company has a 50 day moving average price of $9.98 and a 200-day moving average price of $9.35. The company has a current ratio of 19.17, a quick ratio of 19.16 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 $12.04. The stock has a market cap of $221.76 million, a P/E ratio of 11.91 and a beta of 2.00.

Consumer Portfolio Services (NASDAQ:CPSS - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The credit services provider reported $0.20 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.01). The firm had revenue of $100.58 million during the quarter, compared to the consensus estimate of $98.34 million. Consumer Portfolio Services had a net margin of 5.59% and a return on equity of 7.59%. On average, research analysts forecast that Consumer Portfolio Services, Inc. will post 0.85 earnings per share for the current year.

Insiders Place Their Bets

In other Consumer Portfolio Services news, CEO Charles E. Bradley, Jr. sold 70,000 shares of the company's stock in a transaction dated 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 directly owns 3,720,092 shares in the company, valued at $36,642,906.20. This represents a 1.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP April Crisp sold 5,000 shares of Consumer Portfolio Services stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $9.65, for a total value of $48,250.00. Following the completion of the transaction, the vice president now owns 17,212 shares in the company, valued at $166,095.80. The trade was a 22.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 247,256 shares of company stock valued at $2,497,284 over the last quarter. Insiders own 69.00% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com raised Consumer Portfolio Services from a "buy" rating to a "strong-buy" rating in a report on Thursday.

Consumer Portfolio Services 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.