Morgan Stanley Has $167,000 Stock Holdings in Consumer Portfolio Services, Inc. (NASDAQ:CPSS)

Morgan Stanley trimmed its stake in shares of Consumer Portfolio Services, Inc. (NASDAQ:CPSS) by 9.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,167 shares of the credit services provider’s stock after selling 3,985 shares during the period. Morgan Stanley owned about 0.16% of Consumer Portfolio Services worth $167,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of CPSS. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Consumer Portfolio Services during the second quarter worth $48,000. State Street Corp acquired a new stake in Consumer Portfolio Services in the 2nd quarter valued at $64,000. Renaissance Technologies LLC increased its stake in Consumer Portfolio Services by 2.9% in the 2nd quarter. Renaissance Technologies LLC now owns 512,358 shares of the credit services provider’s stock valued at $2,306,000 after buying an additional 14,300 shares during the last quarter. BlackRock Inc. increased its stake in Consumer Portfolio Services by 3.3% in the 2nd quarter. BlackRock Inc. now owns 555,262 shares of the credit services provider’s stock valued at $2,499,000 after buying an additional 17,729 shares during the last quarter. Finally, Continental Advisors LLC increased its stake in Consumer Portfolio Services by 0.7% in the 1st quarter. Continental Advisors LLC now owns 729,494 shares of the credit services provider’s stock valued at $2,940,000 after buying an additional 5,240 shares during the last quarter. Institutional investors and hedge funds own 47.90% of the company’s stock.

Several equities research analysts have issued reports on CPSS shares. Zacks Investment Research lowered shares of Consumer Portfolio Services from a “buy” rating to a “hold” rating in a research note on Tuesday. TheStreet raised shares of Consumer Portfolio Services from a “d+” rating to a “c-” rating in a research report on Monday, August 2nd.

Shares of CPSS traded up $0.23 during midday trading on Thursday, reaching $6.14. The stock had a trading volume of 241 shares, compared to its average volume of 24,344. The firm has a 50 day simple moving average of $5.64 and a 200-day simple moving average of $4.89. Consumer Portfolio Services, Inc. has a one year low of $3.39 and a one year high of $6.00. The firm has a market cap of $140.88 million, a PE ratio of 6.35 and a beta of 2.58. The company has a current ratio of 15.86, a quick ratio of 15.86 and a debt-to-equity ratio of 12.30.

Consumer Portfolio Services (NASDAQ:CPSS) last announced its quarterly earnings data on Tuesday, August 10th. The credit services provider reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.18. The company had revenue of $66.77 million during the quarter, compared to the consensus estimate of $62.46 million. Consumer Portfolio Services had a net margin of 8.67% and a return on equity of 16.60%. As a group, research analysts forecast that Consumer Portfolio Services, Inc. will post 0.89 EPS for the current fiscal year.

Consumer Portfolio Services Company Profile

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.

Featured Article: Cash Flow Analysis in Stock Selection

Institutional Ownership by Quarter for Consumer Portfolio Services (NASDAQ:CPSS)

Receive News & Ratings for Consumer Portfolio Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Consumer Portfolio Services and related companies with MarketBeat.com's FREE daily email newsletter.