Black Diamond Capital Manageme Purchases 5,301 Shares of Consumer Portfolio Services, Inc. (NASDAQ:CPSS) Stock

Consumer Portfolio Services, Inc. (NASDAQ:CPSS) major shareholder Black Diamond Capital Manageme acquired 5,301 shares of the company’s stock in a transaction dated Tuesday, January 11th. The stock was purchased at an average cost of $10.54 per share, for a total transaction of $55,872.54. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Black Diamond Capital Manageme also recently made the following trade(s):

  • On Thursday, January 13th, Black Diamond Capital Manageme acquired 3,721 shares of Consumer Portfolio Services stock. The stock was purchased at an average cost of $10.56 per share, for a total transaction of $39,293.76.
  • On Monday, December 27th, Black Diamond Capital Manageme acquired 14,088 shares of Consumer Portfolio Services stock. The stock was purchased at an average cost of $9.49 per share, for a total transaction of $133,695.12.

Shares of NASDAQ CPSS opened at $10.89 on Friday. The company has a quick ratio of 13.73, a current ratio of 13.73 and a debt-to-equity ratio of 11.13. The stock has a market capitalization of $229.45 million, a price-to-earnings ratio of 8.44 and a beta of 2.58. The stock’s fifty day simple moving average is $9.11 and its 200 day simple moving average is $6.79. Consumer Portfolio Services, Inc. has a 52-week low of $3.80 and a 52-week high of $12.66.

Consumer Portfolio Services (NASDAQ:CPSS) last issued its quarterly earnings results on Tuesday, October 26th. The credit services provider reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.35. The business had revenue of $68.57 million for the quarter, compared to the consensus estimate of $60.21 million. Consumer Portfolio Services had a return on equity of 22.49% and a net margin of 12.54%. During the same quarter in the previous year, the company posted $0.16 earnings per share.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CPSS. BlackRock Inc. boosted its position in Consumer Portfolio Services by 3.3% during the second quarter. BlackRock Inc. now owns 555,262 shares of the credit services provider’s stock valued at $2,499,000 after purchasing an additional 17,729 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Consumer Portfolio Services during the second quarter valued at $48,000. Renaissance Technologies LLC lifted its position in shares of Consumer Portfolio Services by 2.9% in the second quarter. Renaissance Technologies LLC now owns 512,358 shares of the credit services provider’s stock worth $2,306,000 after buying an additional 14,300 shares during the last quarter. State Street Corp acquired a new stake in shares of Consumer Portfolio Services in the second quarter worth about $64,000. Finally, Royal Bank of Canada lifted its position in shares of Consumer Portfolio Services by 3.0% in the second quarter. Royal Bank of Canada now owns 96,231 shares of the credit services provider’s stock worth $433,000 after buying an additional 2,848 shares during the last quarter. 53.78% of the stock is owned by hedge funds and other institutional investors.

Separately, Zacks Investment Research downgraded Consumer Portfolio Services from a “buy” rating to a “hold” rating in a research note on Tuesday, December 28th.

About Consumer Portfolio Services

Consumer Portfolio Services, Inc operates as an independent finance company. The firm provides indirect automobile financing to individuals with past credit problems, low incomes, and limited credit histories. It engages in purchase and service of retail automobile contracts originated primarily by franchised automobile dealers and select independent dealers in the sale of new and used automobiles, light trucks, and passenger vans.

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