Empowered Funds LLC Takes Position in Consumer Portfolio Services, Inc. $CPSS

Key Points

• Empowered Funds LLC purchased 151,758 shares of Consumer Portfolio Services, valued at approximately $1.46 million, giving it a 0.70% stake. Institutional investors collectively own 47.57% of CPSS.
• Company insiders sold 144,500 shares worth approximately $1.37 million over the last quarter, including 125,000 shares sold by CEO Charles E. Bradley Jr.
• Analyst sentiment remains negative: Weiss Ratings downgraded CPSS to “sell,” and MarketBeat reports an average rating of “Sell.” The stock opened at $8.81, while the company recently reported quarterly EPS of $0.27 on $57.14 million in revenue.

Empowered Funds LLC purchased a new stake in Consumer Portfolio Services, Inc. (NASDAQ:CPSS - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 151,758 shares of the credit services provider's stock, valued at approximately $1,456,000. Empowered Funds LLC owned approximately 0.70% of Consumer Portfolio Services at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. bought a new position in Consumer Portfolio Services in the 2nd quarter valued at $6,297,000. Geode Capital Management LLC raised its position in shares of Consumer Portfolio Services by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 221,565 shares of the credit services provider's stock worth $2,067,000 after acquiring an additional 3,604 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of Consumer Portfolio Services by 6,347.2% during the fourth quarter. Russell Investments Group Ltd. now owns 97,740 shares of the credit services provider's stock worth $912,000 after acquiring an additional 96,224 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of Consumer Portfolio Services by 3.4% during the first quarter. Janney Montgomery Scott LLC now owns 51,003 shares of the credit services provider's stock valued at $394,000 after acquiring an additional 1,672 shares during the period. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Consumer Portfolio Services by 17.8% during the first quarter. Goldman Sachs Group Inc. now owns 31,752 shares of the credit services provider's stock valued at $275,000 after acquiring an additional 4,789 shares during the period. Institutional investors own 47.57% of the company's stock.

Insider Activity at Consumer Portfolio Services

In other Consumer Portfolio Services news, CEO Charles E. Bradley, Jr. sold 125,000 shares of the firm's stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $9.46, for a total transaction of $1,182,500.00. Following the transaction, the chief executive officer owned 4,099,545 shares in the company, valued at approximately $38,781,695.70. This trade represents a 2.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Catrina Marie Ralston sold 3,617 shares of the business's stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $9.50, for a total value of $34,361.50. Following the transaction, the vice president owned 68,262 shares of the company's stock, valued at $648,489. The trade was a 5.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 144,500 shares of company stock worth $1,367,235. 63.70% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts recently commented on the company. Weiss Ratings lowered Consumer Portfolio Services from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Friday, August 28th. Wall Street Zen upgraded shares of Consumer Portfolio Services to a "hold" rating in a research report on Saturday, July 18th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Consumer Portfolio Services has an average rating of "Sell".

Consumer Portfolio Services Price Performance

CPSS opened at $8.81 on Friday. The company has a fifty day moving average price of $9.35 and a two-hundred day moving average price of $8.99. The firm has a market capitalization of $189.94 million, a PE ratio of 9.58 and a beta of 1.11. Consumer Portfolio Services, Inc. has a 52 week low of $7.15 and a 52 week high of $10.49. The company has a debt-to-equity ratio of 10.43, a quick ratio of 5.67 and a current ratio of 5.67.

Consumer Portfolio Services (NASDAQ:CPSS - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The credit services provider reported $0.27 earnings per share for the quarter. Consumer Portfolio Services had a return on equity of 6.91% and a net margin of 4.78%.The company had revenue of $57.14 million for the quarter.

About Consumer Portfolio Services

Consumer Portfolio Services, Inc is a specialty finance company focused on originating and servicing retail installment contracts for the automotive industry. The company primarily serves subprime and near-prime borrowers by partnering with a network of franchised and independent auto dealers across the United States. By providing flexible financing solutions, CPS seeks to expand vehicle ownership opportunities for customers who may not qualify for traditional prime auto loans.

CPS operates through two principal segments: loan origination and servicing.

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