Consumer Portfolio Services (NASDAQ:CPSS) Stock Rating Lowered by StockNews.com

StockNews.com downgraded shares of Consumer Portfolio Services (NASDAQ:CPSS) from a strong-buy rating to a buy rating in a research report report published on Sunday.

Consumer Portfolio Services Stock Up 0.7 %

NASDAQ:CPSS opened at $10.58 on Friday. Consumer Portfolio Services has a 1-year low of $7.03 and a 1-year high of $12.04. The firm has a market capitalization of $226.46 million, a price-to-earnings ratio of 12.16 and a beta of 1.99. The company has a current ratio of 19.17, a quick ratio of 19.16 and a debt-to-equity ratio of 10.52. The business’s fifty day moving average price is $10.41 and its 200 day moving average price is $9.66.

Consumer Portfolio Services (NASDAQ:CPSS) last posted its quarterly earnings results on Thursday, October 31st. The credit services provider reported $0.20 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.01). Consumer Portfolio Services had a return on equity of 7.59% and a net margin of 5.59%. The company had revenue of $100.58 million for the quarter, compared to analyst estimates of $98.34 million. On average, sell-side analysts forecast that Consumer Portfolio Services will post 0.85 earnings per share for the current fiscal year.

Insider Activity at Consumer Portfolio Services

In related news, VP April Crisp sold 2,500 shares of Consumer Portfolio Services stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $11.15, for a total value of $27,875.00. Following the completion of the sale, the vice president now owns 17,212 shares of the company’s stock, valued at approximately $191,913.80. The trade was a 12.68 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director William B. Roberts sold 50,000 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $10.76, for a total transaction of $538,000.00. Following the transaction, the director now directly owns 850,078 shares in the company, valued at $9,146,839.28. The trade was a 5.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 139,756 shares of company stock valued at $1,482,459. Insiders own 69.00% of the company’s stock.

Institutional Trading of Consumer Portfolio Services

Institutional investors and hedge funds have recently made changes to their positions in the stock. Barclays PLC raised its stake in shares of Consumer Portfolio Services by 297.6% in the 3rd quarter. Barclays PLC now owns 11,794 shares of the credit services provider’s stock valued at $110,000 after acquiring an additional 8,828 shares in the last quarter. Segall Bryant & Hamill LLC bought a new position in shares of Consumer Portfolio Services in the third quarter valued at approximately $445,000. Fisher Asset Management LLC acquired a new stake in shares of Consumer Portfolio Services in the third quarter worth $960,000. Bank of New York Mellon Corp boosted its holdings in shares of Consumer Portfolio Services by 1.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 99,481 shares of the credit services provider’s stock worth $975,000 after buying an additional 1,343 shares during the period. Finally, Empowered Funds LLC grew its stake in Consumer Portfolio Services by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 142,520 shares of the credit services provider’s stock valued at $1,337,000 after buying an additional 7,236 shares during the last quarter. Institutional investors and hedge funds own 47.57% of the company’s stock.

Consumer Portfolio Services Company Profile

Consumer Portfolio Services, Inc operates as a specialty finance company in the United States. It is involved in the purchase and service of retail automobile contracts originated by franchised automobile dealers and select independent dealers in the sale of new and used automobiles, light trucks, and passenger vans.