Consumer Portfolio Services (NASDAQ:CPSS) Upgraded at StockNews.com

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

Consumer Portfolio Services Stock Down 1.4 %

NASDAQ CPSS opened at $10.22 on Thursday. Consumer Portfolio Services has a fifty-two week low of $7.03 and a fifty-two week high of $12.04. The stock has a market capitalization of $218.81 million, a PE ratio of 11.75 and a beta of 2.00. The company has a debt-to-equity ratio of 10.52, a current ratio of 19.17 and a quick ratio of 19.16. The business has a fifty day moving average price of $9.96 and a two-hundred day moving average price of $9.32.

Consumer Portfolio Services (NASDAQ:CPSS) last announced 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 firm had revenue of $100.58 million during the quarter, compared to the consensus estimate of $98.34 million. Equities analysts expect that Consumer Portfolio Services will post 0.85 earnings per share for the current fiscal year.

Insider Activity

In related news, VP John Patrick Harton sold 10,000 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $9.00, for a total value of $90,000.00. Following the completion of the sale, the vice president now directly owns 265,604 shares in the company, valued at $2,390,436. This represents a 3.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Daniel S. Wood sold 8,000 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $10.49, for a total value of $83,920.00. Following the completion of the sale, the director now owns 186,910 shares of the company’s stock, valued at $1,960,685.90. The trade was a 4.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 246,981 shares of company stock worth $2,494,460. Insiders own 69.00% of the company’s stock.

Institutional Trading of Consumer Portfolio Services

A number of institutional investors and hedge funds have recently bought and sold shares of CPSS. Fisher Asset Management LLC acquired a new stake in Consumer Portfolio Services in the third quarter valued at $960,000. Segall Bryant & Hamill LLC acquired a new stake in Consumer Portfolio Services during the 3rd quarter worth about $445,000. Barclays PLC grew its holdings in Consumer Portfolio Services by 297.6% during 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 during the period. Empowered Funds LLC grew its holdings in Consumer Portfolio Services by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 142,520 shares of the credit services provider’s stock worth $1,337,000 after acquiring an additional 7,236 shares during the period. Finally, State Street Corp grew its holdings in Consumer Portfolio Services by 2.2% during the 3rd quarter. State Street Corp now owns 186,220 shares of the credit services provider’s stock worth $1,747,000 after acquiring an additional 3,922 shares during the period. 47.57% of the stock is currently owned by institutional investors and hedge funds.

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.