Consumer Portfolio Services (NASDAQ:CPSS – Get Free Report) issued its quarterly earnings data on Tuesday. The credit services provider reported $0.27 earnings per share (EPS) for the quarter, Zacks reports. Consumer Portfolio Services had a net margin of 4.58% and a return on equity of 6.54%. The company had revenue of $57.14 million during the quarter.
Consumer Portfolio Services Stock Performance
Shares of CPSS stock traded down $0.34 during trading on Tuesday, reaching $9.26. 22,251 shares of the company’s stock were exchanged, compared to its average volume of 21,900. The company has a quick ratio of 7.48, a current ratio of 7.48 and a debt-to-equity ratio of 10.18. The stock has a market capitalization of $200.95 million, a PE ratio of 10.90 and a beta of 1.13. Consumer Portfolio Services has a twelve month low of $6.67 and a twelve month high of $10.49. The firm’s fifty day moving average price is $9.46 and its 200-day moving average price is $8.88.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on CPSS shares. Weiss Ratings raised shares of Consumer Portfolio Services from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, July 1st. Wall Street Zen upgraded Consumer Portfolio Services to a “hold” rating in a report on Saturday, July 18th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, Consumer Portfolio Services has a consensus rating of “Hold”.
Insider Buying and Selling
In other Consumer Portfolio Services news, VP Noel Jackson sold 7,000 shares of Consumer Portfolio Services stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $9.63, for a total transaction of $67,410.00. Following the completion of the transaction, the vice president directly owned 7,000 shares of the company’s stock, valued at $67,410. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 63.70% of the stock is currently owned by company insiders.
Institutional Trading of Consumer Portfolio Services
Hedge funds and other institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC grew its stake in Consumer Portfolio Services by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 221,565 shares of the credit services provider’s stock valued at $2,067,000 after buying an additional 3,604 shares during the last quarter. Empowered Funds LLC raised its position in shares of Consumer Portfolio Services by 3.8% in the 1st quarter. Empowered Funds LLC now owns 150,808 shares of the credit services provider’s stock valued at $1,308,000 after buying an additional 5,588 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of Consumer Portfolio Services by 6,347.2% in the 4th quarter. Russell Investments Group Ltd. now owns 97,740 shares of the credit services provider’s stock valued at $912,000 after buying an additional 96,224 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Consumer Portfolio Services by 17.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 31,752 shares of the credit services provider’s stock worth $275,000 after acquiring an additional 4,789 shares during the period. Finally, Citadel Advisors LLC acquired a new stake in shares of Consumer Portfolio Services during the 3rd quarter worth approximately $163,000. Institutional investors own 47.57% of the company’s stock.
About Consumer Portfolio Services
Consumer Portfolio Services, Inc is a specialty finance company focused on originating and servicing retail installment contracts for the automotive industry. The company primarily serves subprime and near-prime borrowers by partnering with a network of franchised and independent auto dealers across the United States. By providing flexible financing solutions, CPS seeks to expand vehicle ownership opportunities for customers who may not qualify for traditional prime auto loans.
CPS operates through two principal segments: loan origination and servicing.
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