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

StockNews.com lowered shares of Consumer Portfolio Services (NASDAQ:CPSS) from a strong-buy rating to a buy rating in a research report sent to investors on Thursday.

Consumer Portfolio Services Stock Performance

Shares of CPSS stock opened at $10.65 on Thursday. The company has a 50-day simple moving average of $10.54 and a 200 day simple moving average of $9.74. The company has a debt-to-equity ratio of 10.52, a quick ratio of 19.16 and a current ratio of 19.17. The company has a market capitalization of $227.96 million, a price-to-earnings ratio of 12.24 and a beta of 1.99. Consumer Portfolio Services has a 52 week low of $7.03 and a 52 week high of $12.04.

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 analysts’ consensus estimates of $0.21 by ($0.01). Consumer Portfolio Services had a net margin of 5.59% and a return on equity of 7.59%. The company had revenue of $100.58 million during the quarter, compared to analyst estimates of $98.34 million. On average, sell-side analysts predict that Consumer Portfolio Services will post 0.85 earnings per share for the current year.

Insider Buying and Selling at Consumer Portfolio Services

In other Consumer Portfolio Services news, 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 approximately $2,930,900. This represents a 3.98 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Chris Terry sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $10.16, for a total value of $101,600.00. Following the completion of the sale, the vice president now owns 203,656 shares in the company, valued at $2,069,144.96. The trade was a 4.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 139,756 shares of company stock worth $1,482,459 over the last quarter. Corporate insiders own 69.00% of the company’s stock.

Institutional Investors Weigh In On Consumer Portfolio Services

A number of hedge funds have recently added to or reduced their stakes in CPSS. Barclays PLC grew 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 worth $110,000 after acquiring an additional 8,828 shares in the last quarter. Segall Bryant & Hamill LLC bought a new position in Consumer Portfolio Services in the 3rd quarter valued at $445,000. Fisher Asset Management LLC bought a new stake in shares of Consumer Portfolio Services during the 3rd quarter valued at about $960,000. Bank of New York Mellon Corp increased its holdings in shares of Consumer Portfolio Services by 1.4% in 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 last quarter. Finally, Empowered Funds LLC lifted its position 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 worth $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.