Verity & Verity LLC Invests $1.31 Million in Consumer Portfolio Services, Inc. (NASDAQ:CPSS)

Verity & Verity LLC acquired a new position in shares of Consumer Portfolio Services, Inc. (NASDAQ:CPSS - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 120,509 shares of the credit services provider's stock, valued at approximately $1,309,000. Verity & Verity LLC owned 0.56% of Consumer Portfolio Services at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CPSS. Barclays PLC increased its position in Consumer Portfolio Services by 297.6% during the third 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 last quarter. Segall Bryant & Hamill LLC acquired a new position in shares of Consumer Portfolio Services in the 3rd quarter valued at $445,000. Fisher Asset Management LLC purchased a new stake in shares of Consumer Portfolio Services during the 3rd quarter valued at $960,000. Bank of New York Mellon Corp increased its holdings in shares of 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 last quarter. Finally, Empowered Funds LLC raised its position 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 buying an additional 7,236 shares during the period. 47.57% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Consumer Portfolio Services

In other news, VP Chris Terry sold 10,000 shares of Consumer Portfolio Services stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $10.16, for a total transaction of $101,600.00. Following the sale, the vice president now owns 203,656 shares in the company, valued at $2,069,144.96. This trade represents a 4.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director William B. Roberts sold 5,000 shares of the company's stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $10.37, for a total transaction of $51,850.00. Following the completion of the transaction, the director now owns 795,078 shares of the company's stock, valued at $8,244,958.86. This trade represents a 0.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 139,756 shares of company stock valued at $1,482,459 over the last three months. 69.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Consumer Portfolio Services from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, January 14th.

Consumer Portfolio Services Trading Up 0.5 %

CPSS traded up $0.06 on Friday, reaching $11.38. 22,042 shares of the company's stock were exchanged, compared to its average volume of 20,438. Consumer Portfolio Services, Inc. has a twelve month low of $7.03 and a twelve month high of $12.04. The company's 50 day moving average is $10.71 and its 200-day moving average is $9.90. The company has a debt-to-equity ratio of 10.52, a quick ratio of 19.16 and a current ratio of 19.17. The company has a market cap of $243.59 million, a price-to-earnings ratio of 13.08 and a beta of 1.98.

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

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.