Consumer Portfolio Services, Inc. (NASDAQ: CPSS – Get Rating), the principal shareholder of Black Diamond Capital Manageme, acquired 26,455 shares of Consumer Portfolio Services in a transaction dated Thursday, June 16. The shares were acquired at an average price of $10.47 per share, with a total value of $276,983.85. Following the transaction, the insider now owns 4,756,510 shares of the company, valued at approximately $49,800,659.70. The acquisition was disclosed in a document filed with the SEC, accessible via this link. Major shareholders who own more than 10% of a company’s stock are required to disclose their sales and purchases to the SEC.

Black Diamond Capital Manageme has also recently carried out the following transaction(s):

• On Monday, June 13, Black Diamond Capital Manageme purchased 50,000 shares of Consumer Portfolio Services. The shares were purchased at an average price of $10.35 per share, with a total value of $517,500.00.
• On Wednesday, April 6, Black Diamond Capital Manageme purchased 1,986 shares of Consumer Portfolio Services. The shares were purchased at an average price of $10.97 per share, with a total value of $21,786.42.
• On Monday, April 4, Black Diamond Capital Manageme purchased 16,284 shares of Consumer Portfolio Services. The shares were purchased at an average price of $10.73 per share, with a total value of $174,727.32.

Shares of the NASDAQ CPSS traded up $0.10 during Tuesday’s midday session, hitting $11.10. The company had a trading volume of 156,515 shares, compared to an average volume of 157,295. The stock has a fifty-day moving average of $12.61 and a two-hundred-day moving average of $11.41. The company has a debt ratio of 10.28, a quick ratio of 10.94 and a current ratio of 10.94. The company has a market capitalization of $233.83 million, a price-earnings ratio of 4.79 and a beta of 2.18. Consumer Portfolio Services, Inc. has a 12 month minimum of $4.22 and a 12 month maximum of $15.47.

Consumer Portfolio Services (NASDAQ: CPSS – Get Rating) last released its quarterly results on Monday, April 18. The credit service provider reported earnings per share (EPS) of $0.75 for the quarter. The company had revenue of $74.37 million in the quarter. Consumer Portfolio Services had a net margin of 22.75% and a return on equity of 37.83%.

Separately, StockNews.com downgraded shares of Consumer Portfolio Services from a “strong buy” rating to a “buy” rating in a Friday, June 10 report.

Hedge funds and other institutional investors have recently been buying and selling shares of the company. In the fourth quarter, BNP Paribas Arbitrage SA bought a new position in shares of Consumer Portfolio Services worth approximately $30,000. Hillsdale Investment Management Inc. bought a new stock position in Consumer Portfolio Services in the fourth quarter valued at around $38,000. Lazard Asset Management LLC bought a new stock position in Consumer Portfolio Services in the first quarter worth about $39,000. Bank of America Corp DE increased its stake in shares of Consumer Portfolio Services by 52.9% in the fourth quarter. Bank of America Corp DE now owns 5,218 shares of the credit service provider worth $62,000 after acquiring 1,805 additional shares in the last quarter. Finally, Citigroup Inc. acquired a new stake in Consumer Portfolio Services stock in the first quarter worth $86,000. 45.80% of the shares are held by institutional investors and hedge funds.

Consumer Wallet Services Company Profile (Get an assessment)

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 entered into by franchise automobile dealerships and certain independent dealerships in the sale of new and used automobiles, light trucks and vans.

See also

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Should you invest $1,000 in Consumer Portfolio Services right now?

Before you consider consumer wallet services, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes hold…and Consumer Portfolio Services was not on the list.

Although Consumer Portfolio Services currently has an “N/A” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here