Is Consumer Portfolio Services Inc (CPSS) A Good Stock to Buy Right Now?

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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%

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Page 1 of 8 – SEC Filing

Under the Securities Exchange Act of 1934
(Amendment No. 3)*
(Name of Issuer)
Common Stock, no par value
(Title of Class of Securities)
(CUSIP Number)
March 31, 2016
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
[x]  Rule 13d-1(b)
[_]  Rule 13d-1(c)
[_]  Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

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