Consumer Portfolio Services (NASDAQ:CPSS) Downgraded by StockNews.com to “Buy”

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

Consumer Portfolio Services Stock Down 1.1 %

Shares of CPSS stock opened at $10.46 on Friday. The firm’s fifty day moving average price is $10.36 and its two-hundred day moving average price is $9.62. The company has a current ratio of 19.17, a quick ratio of 19.16 and a debt-to-equity ratio of 10.52. 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 $223.90 million, a P/E ratio of 12.02 and a beta of 1.99.

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

Insider Buying and Selling at Consumer Portfolio Services

In other Consumer Portfolio Services news, VP April Crisp sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $11.15, for a total transaction of $27,875.00. Following the completion of the sale, the vice president now directly owns 17,212 shares in the company, valued at $191,913.80. This trade represents a 12.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Greg Washer sold 10,981 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $11.06, for a total value of $121,449.86. Following the completion of the transaction, the director now directly owns 265,000 shares in the company, valued at $2,930,900. The trade was a 3.98 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 139,756 shares of company stock valued at $1,482,459 in the last quarter. 69.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Consumer Portfolio Services

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Barclays PLC grew its stake in shares of Consumer Portfolio Services by 297.6% in the third 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 stake in Consumer Portfolio Services in the 3rd quarter valued at about $445,000. Bank of New York Mellon Corp grew its position 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 purchasing an additional 1,343 shares in the last quarter. Fisher Asset Management LLC bought a new position in shares of Consumer Portfolio Services during the third quarter worth approximately $960,000. Finally, Empowered Funds LLC boosted its stake in shares of Consumer Portfolio Services by 5.3% in the third 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 period. 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.