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 published on Sunday morning,Wall Street Zen reports.
Separately, Weiss Ratings raised Consumer Portfolio Services from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, September 14th. One investment analyst has rated the stock with a Hold rating. According to MarketBeat, the company has a consensus rating of “Hold”.
Check Out Our Latest Stock Analysis on Consumer Portfolio Services
Consumer Portfolio Services Price Performance
CPSS stock opened at $9.90 on Friday. Consumer Portfolio Services has a 12-month low of $7.46 and a 12-month high of $10.49. The company has a quick ratio of 5.67, a current ratio of 5.67 and a debt-to-equity ratio of 10.43. The company has a market cap of $216.91 million, a price-to-earnings ratio of 9.71 and a beta of 1.14. The company has a 50 day moving average of $9.28 and a two-hundred day moving average of $9.33.
Consumer Portfolio Services (NASDAQ:CPSS – Get Free Report) last posted its quarterly earnings results on Friday, October 23rd. The credit services provider reported $0.30 EPS for the quarter. Consumer Portfolio Services had a net margin of 4.99% and a return on equity of 7.54%. The business had revenue of $61.39 million for the quarter.
Insider Activity at Consumer Portfolio Services
In other Consumer Portfolio Services news, VP Noel Jackson sold 7,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $9.31, for a total value of $69,825.00. Following the completion of the sale, the vice president directly owned 7,500 shares of the company’s stock, valued at $69,825. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Catrina Marie Ralston sold 3,617 shares of the business’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 completion of the sale, the vice president directly owned 68,262 shares of the company’s stock, valued at $648,489. This represents a 5.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 137,500 shares of company stock valued at $1,299,825. 63.80% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Deutsche Bank AG acquired a new stake in shares of Consumer Portfolio Services in the 2nd quarter valued at $115,000. Bank of New York Mellon Corp acquired a new position in Consumer Portfolio Services during the second quarter worth $221,000. Janney Montgomery Scott LLC increased its position in Consumer Portfolio Services by 3.4% during the first quarter. Janney Montgomery Scott LLC now owns 51,003 shares of the credit services provider’s stock worth $394,000 after buying an additional 1,672 shares during the last quarter. Empowered Funds LLC bought a new position in Consumer Portfolio Services during the second quarter valued at about $1,456,000. Finally, BlackRock Inc. acquired a new stake in shares of Consumer Portfolio Services in the second quarter worth about $6,297,000. Institutional investors own 47.57% of the company’s stock.
Consumer Portfolio Services Company Profile
Consumer Portfolio Services, Inc (NASDAQ: CPSS) is a specialty finance company that provides indirect automobile financing to consumers, primarily those with limited or impaired credit histories. The company works with franchised and independent automobile dealers to arrange financing for purchasers of new and used vehicles.
Consumer Portfolio Services typically purchases retail installment sales contracts originated by its dealer partners and then services the related automotive loans.
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