Consumer Portfolio Services (CPSS) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research lowered shares of Consumer Portfolio Services (NASDAQ:CPSS) from a buy rating to a hold rating in a report published on Tuesday morning, Zacks.com reports.

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, ValuEngine cut shares of Consumer Portfolio Services from a hold rating to a sell rating in a report on Monday, April 1st.

NASDAQ CPSS opened at $3.63 on Tuesday. The company has a current ratio of 14.27, a quick ratio of 14.27 and a debt-to-equity ratio of 10.76. Consumer Portfolio Services has a 12 month low of $2.99 and a 12 month high of $4.65. The stock has a market capitalization of $79.74 million, a PE ratio of 7.06 and a beta of 1.56.

Consumer Portfolio Services (NASDAQ:CPSS) last issued its earnings results on Tuesday, February 12th. The credit services provider reported $0.13 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.13. Consumer Portfolio Services had a net margin of 3.81% and a return on equity of 6.66%. The company had revenue of $91.22 million for the quarter, compared to analysts’ expectations of $95.43 million. As a group, equities research analysts anticipate that Consumer Portfolio Services will post 0.67 earnings per share for the current year.

In other Consumer Portfolio Services news, Director Brian Rayhill sold 24,500 shares of the stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $4.20, for a total transaction of $102,900.00. Following the transaction, the director now directly owns 52,337 shares in the company, valued at approximately $219,815.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 46.20% of the stock is owned by corporate insiders.

A number of institutional investors have recently modified their holdings of the business. Barclays PLC grew its holdings in Consumer Portfolio Services by 18.6% during the 4th quarter. Barclays PLC now owns 34,850 shares of the credit services provider’s stock worth $105,000 after acquiring an additional 5,476 shares in the last quarter. Vanguard Group Inc lifted its position in shares of Consumer Portfolio Services by 1.0% during the third quarter. Vanguard Group Inc now owns 746,868 shares of the credit services provider’s stock valued at $2,764,000 after buying an additional 7,067 shares during the last quarter. Finally, Brandywine Global Investment Management LLC purchased a new stake in shares of Consumer Portfolio Services during the fourth quarter valued at about $26,000. Institutional investors own 50.45% of the company’s stock.

About Consumer Portfolio Services

Consumer Portfolio Services, Inc operates as a specialty finance company in the United States. It purchases and services 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. The company, through its automobile contract purchases, offers indirect financing to the customers of dealers with limited credit histories, low incomes, or past credit problems.

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