Continental Advisors buys $4,096,757 stake in Consumer Portfolio Services (CPSS)

Consumer Portfolio Services (CPSS) : Continental Advisors scooped up 32,600 additional shares in Consumer Portfolio Services during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 999,209 shares of Consumer Portfolio Services which is valued at $4,096,757.Consumer Portfolio Services makes up approximately 1.71% of Continental Advisors’s portfolio.

Other Hedge Funds, Including , Brandywine Global Investment Management sold out all of its stake in CPSS during the most recent quarter. The investment firm sold 7,410 shares of CPSS which is valued $30,381.Blackrock Fund Advisors reduced its stake in CPSS by selling 1,044 shares or 1.85% in the most recent quarter. The Hedge Fund company now holds 55,416 shares of CPSS which is valued at $227,206.Vanguard Group Inc boosted its stake in CPSS in the latest quarter, The investment management firm added 15,049 additional shares and now holds a total of 703,683 shares of Consumer Portfolio Services which is valued at $2,885,100.Oxford Asset Management reduced its stake in CPSS by selling 20,878 shares or 17.4% in the most recent quarter. The Hedge Fund company now holds 99,127 shares of CPSS which is valued at $411,377. Consumer Portfolio Services makes up approx 0.02% of Oxford Asset Management’s portfolio.

Consumer Portfolio Services opened for trading at $3.84 and hit $3.9 on the upside on Thursday, eventually ending the session at $3.86, with a gain of 0.52% or 0.02 points. The heightened volatility saw the trading volume jump to 48,048 shares. Company has a market cap of $92 M.

Consumer Portfolio Services Inc. is a specialty finance company. The Company’s business is to purchase and service retail automobile contracts originated primarily by franchised automobile dealers and by select independent dealers in the United States in the sale of new and used automobiles light trucks and passenger vans. Through its automobile contract purchases the Company provides indirect financing to the customers of dealers who have limited credit histories low incomes or past credit problems who it refers to as sub-prime customers. It serves as an alternative source of financing for dealers facilitating sales to customers who otherwise might not be able to obtain financing from traditional sources such as commercial banks credit unions and the captive finance companies affiliated with automobile manufacturers. It offers seven financing programs to its dealership customers: First Time Buyer Mercury/Delta Standard Alpha Alpha Plus Super Alpha and Preferred.

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