Continental Advisors buys $5,068,538 stake in Consumer Portfolio Services (CPSS)

Consumer Portfolio Services (CPSS) : Continental Advisors scooped up 43,700 additional shares in Consumer Portfolio Services during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 1,042,909 shares of Consumer Portfolio Services which is valued at $5,068,538.Consumer Portfolio Services makes up approximately 2.02% of Continental Advisors’s portfolio.

Other Hedge Funds, Including , Wolverine Trading boosted its stake in CPSS in the latest quarter, The investment management firm added 7,201 additional shares and now holds a total of 18,959 shares of Consumer Portfolio Services which is valued at $92,141. Consumer Portfolio Services makes up approx 0.01% of Wolverine Trading’s portfolio.Tower Research Capital (trc) boosted its stake in CPSS in the latest quarter, The investment management firm added 8,291 additional shares and now holds a total of 12,945 shares of Consumer Portfolio Services which is valued at $56,699. Consumer Portfolio Services makes up approx 0.01% of Tower Research Capital (trc)’s portfolio.Blackrock Advisors reduced its stake in CPSS by selling 1,789 shares or 0.74% in the most recent quarter. The Hedge Fund company now holds 239,941 shares of CPSS which is valued at $1,050,942.

Consumer Portfolio Services closed down -0.4 points or -7.87% at $4.68 with 35,872 shares getting traded on Monday. Post opening the session at $5.1, the shares hit an intraday low of $4.65 and an intraday high of $5.14 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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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