Is Consumer Portfolio Services Inc (CPSS) a good stock to buy right now after a 20% year-to-date decline? Tom Brown’s Second Curve Capital thinks it is. Tom Brown held a 9.7% stake in Consumer Portfolio Services Inc’s at the beginning of this year and recently upped its stake to 10.2%. New York based hedge fund is known to invest in financial companies. Its 13F portfolio suffered a loss of 14.6% during the first 3 months of this year assuming that the fund hasn’t made any changes to its portfolio.
Other hedge funds aren’t very bullish on Consumer Portfolio Services Inc. The only two other hedge funds with at least a 1% stake in the stock at the end of 2015 were Fortress Investment Group and Renaissance Technologies.
The details of Second Curve’s filing can be found below:
Ownership Summary Table
| Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
|---|---|---|---|---|---|---|
| Second Curve Capital | 0 | 2,544,388 | 0 | 2,544,388 | 2,544,388 | 10.2% |
| Thomas K. Brown | 0 | 2,544,388 | 0 | 2,544,388 | 2,544,388 | 10.2% |
Page 1 of 8 – SEC Filing
| CONSUMER PORTFOLIO SERVICES, INC. |
| (Name of Issuer) |
| Common Stock, no par value |
| (Title of Class of Securities) |
| 210502100 |
| (CUSIP Number) |
| March 31, 2016 |
| (Date of Event Which Requires Filing of this Statement) |
