Wall Street Zen lowered shares of Consumer Portfolio Services (NASDAQ:CPSS – Free Report) from a buy rating to a hold rating in a research note released on Monday morning,Wall Street Zen reports.
Separately, Weiss Ratings upgraded Consumer Portfolio Services from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, September 14th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.
Check Out Our Latest Stock Report on Consumer Portfolio Services
Consumer Portfolio Services Trading Down 0.9%
Consumer Portfolio Services (NASDAQ:CPSS – Get Free Report) last announced its earnings results on Tuesday, August 4th. The credit services provider reported $0.27 earnings per share for the quarter. The business had revenue of $57.14 million during the quarter. Consumer Portfolio Services had a net margin of 4.78% and a return on equity of 6.91%.
Insiders Place Their Bets
In other news, CEO Charles Bradley, Jr. sold 125,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $9.46, for a total transaction of $1,182,500.00. Following the completion of the sale, the chief executive officer owned 4,099,545 shares of the company’s stock, valued at $38,781,695.70. This trade represents a 2.96% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Catrina Marie Ralston sold 3,617 shares of the firm’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $9.50, for a total transaction of $34,361.50. Following the sale, the vice president directly owned 68,262 shares of the company’s stock, valued at approximately $648,489. This trade represents a 5.03% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 137,500 shares of company stock worth $1,299,825. Corporate insiders own 63.80% of the company’s stock.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Deutsche Bank AG bought a new stake in Consumer Portfolio Services in the second quarter valued at $115,000. Bank of New York Mellon Corp raised its holdings in shares of Consumer Portfolio Services by 9.6% during the first quarter. Bank of New York Mellon Corp now owns 23,022 shares of the credit services provider’s stock valued at $178,000 after purchasing an additional 2,026 shares during the period. Janney Montgomery Scott LLC boosted its position in shares of Consumer Portfolio Services by 3.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 51,003 shares of the credit services provider’s stock worth $394,000 after purchasing an additional 1,672 shares in the last quarter. Empowered Funds LLC bought a new position in shares of Consumer Portfolio Services during the 2nd quarter worth about $1,456,000. Finally, BlackRock Inc. acquired a new stake in shares of Consumer Portfolio Services in the 2nd quarter valued at about $6,297,000. 47.57% of the stock is owned by institutional investors.
Consumer Portfolio Services Company Profile
Consumer Portfolio Services, Inc (NASDAQ: CPSS) is a specialty finance company that provides automobile financing to consumers, including borrowers who may have limited or impaired credit histories. The company primarily operates through an indirect lending model, purchasing retail installment sales contracts originated by automobile dealerships and providing financing for the purchase of new and used vehicles.
Consumer Portfolio Services funds its lending activities through a combination of debt financing and the securitization of automobile receivables.
Featured Articles
- Five stocks we like better than Consumer Portfolio Services
- NVIDIA’s Record High Raises a Bigger Question About How Far the Rally Can Run
- A Manufacturing Surprise Could Be a Big Win for These 2 Companies
- What a $1 Billion Chip Deal Says About Amazon’s AI Ambitions
- 3 Stocks Benefiting From AI Demand Just Announced Major Buybacks
Receive News & Ratings for Consumer Portfolio Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Consumer Portfolio Services and related companies with MarketBeat.com's FREE daily email newsletter.
