Segall Bryant & Hamill LLC Acquires Shares of 47,434 Consumer Portfolio Services, Inc. (NASDAQ:CPSS)

Segall Bryant & Hamill LLC purchased a new position in Consumer Portfolio Services, Inc. (NASDAQ:CPSS - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 47,434 shares of the credit services provider's stock, valued at approximately $445,000. Segall Bryant & Hamill LLC owned approximately 0.23% of Consumer Portfolio Services at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. BNP Paribas Financial Markets grew its position in shares of 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 valued at $68,000 after purchasing an additional 6,306 shares in the last quarter. Bank of New York Mellon Corp increased its stake 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 worth $975,000 after acquiring an additional 1,343 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Consumer Portfolio Services by 5.3% during 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 in the last quarter. Finally, Vanguard Group Inc. boosted 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 valued at $3,942,000 after acquiring an additional 3,418 shares during the last quarter. 47.57% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Charles E. Bradley, Jr. sold 70,000 shares of Consumer Portfolio Services 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 transaction, the chief executive officer now directly owns 3,720,092 shares of the company's stock, valued at approximately $36,642,906.20. The trade was a 1.85 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Daniel S. Wood sold 3,000 shares of the company's stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $10.38, for a total transaction of $31,140.00. Following the transaction, the director now owns 196,910 shares in the company, valued at $2,043,925.80. The trade was a 1.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 246,981 shares of company stock valued at $2,494,460 over the last ninety days. 69.00% of the stock is owned by insiders.

Consumer Portfolio Services Price Performance

Shares of CPSS stock traded up $0.06 on Monday, reaching $10.61. The company's stock had a trading volume of 33,126 shares, compared to its average volume of 32,054. The stock's fifty day simple moving average is $9.94 and its 200-day simple moving average is $9.30. Consumer Portfolio Services, Inc. has a 1 year low of $7.03 and a 1 year high of $12.04. The company has a market capitalization of $227.11 million, a price-to-earnings ratio of 12.20 and a beta of 2.00. 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 (NASDAQ:CPSS - Get Free Report) last posted 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 return on equity of 7.59% and a net margin of 5.59%. The business had revenue of $100.58 million during the quarter, compared to the consensus estimate of $98.34 million. Analysts forecast that Consumer Portfolio Services, Inc. will post 0.85 earnings per share 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.