Consumer Portfolio Services (NASDAQ:CPSS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Tuesday. The brokerage currently has a $4.75 price target on the credit services provider’s stock. Zacks Investment Research‘s price objective suggests a potential upside of 18.45% from the company’s previous close.
According to Zacks, “CONSUMER PORTFOLIO SERVICES is a consumer finance company that specializes in purchasing, selling, and servicing contracts with purchases of vechicles who are sub prime borrowers and are unable to obtain credit from traditional sources. “
Separately, TheStreet cut Consumer Portfolio Services from a “c” rating to a “d” rating in a research report on Tuesday, October 31st.
Shares of Consumer Portfolio Services (CPSS) traded down $0.12 during midday trading on Tuesday, hitting $4.01. The stock had a trading volume of 41,553 shares, compared to its average volume of 36,925. The stock has a market capitalization of $87.10, a PE ratio of 5.42 and a beta of 1.73. Consumer Portfolio Services has a one year low of $3.66 and a one year high of $5.69. The company has a debt-to-equity ratio of 10.89, a quick ratio of 17.19 and a current ratio of 17.19.
Consumer Portfolio Services (NASDAQ:CPSS) last announced its quarterly earnings results on Wednesday, February 14th. The credit services provider reported $0.20 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.03. The company had revenue of $107.23 million during the quarter, compared to analysts’ expectations of $110.31 million. Consumer Portfolio Services had a return on equity of 9.77% and a net margin of 0.87%. analysts predict that Consumer Portfolio Services will post 0.8 EPS for the current fiscal year.
In other news, insider Curtis K. Powell sold 6,900 shares of Consumer Portfolio Services stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $4.36, for a total value of $30,084.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Second Curve Capital Llc sold 8,000 shares of Consumer Portfolio Services stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $4.10, for a total value of $32,800.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 179,900 shares of company stock valued at $758,834. 37.50% of the stock is owned by company insiders.
A number of institutional investors have recently bought and sold shares of CPSS. Continental Advisors LLC grew its position in Consumer Portfolio Services by 21.2% during the third quarter. Continental Advisors LLC now owns 1,326,211 shares of the credit services provider’s stock worth $6,048,000 after buying an additional 232,055 shares in the last quarter. Wells Fargo & Company MN grew its position in Consumer Portfolio Services by 433.8% during the fourth quarter. Wells Fargo & Company MN now owns 36,333 shares of the credit services provider’s stock worth $151,000 after buying an additional 29,526 shares in the last quarter. Macquarie Group Ltd. purchased a new position in Consumer Portfolio Services during the third quarter worth about $114,000. Cornerstone Investment Partners LLC grew its position in Consumer Portfolio Services by 100.0% during the fourth quarter. Cornerstone Investment Partners LLC now owns 40,000 shares of the credit services provider’s stock worth $166,000 after buying an additional 20,000 shares in the last quarter. Finally, PEAK6 Investments L.P. grew its position in Consumer Portfolio Services by 28.6% during the fourth quarter. PEAK6 Investments L.P. now owns 56,183 shares of the credit services provider’s stock worth $233,000 after buying an additional 12,500 shares in the last quarter. Institutional investors and hedge funds own 47.54% of the company’s stock.
Consumer Portfolio Services Company Profile
Consumer Portfolio Services, Inc is a specialty finance company. The Company’s business is to purchase and service retail automobile contracts originated primarily by franchised automobile dealers and by select independent dealers in the United States in the sale of new and used automobiles, light trucks and passenger vans.
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