Consumer Portfolio Services (NASDAQ:CPSS – Get Free Report) was upgraded by stock analysts at Wall Street Zen to a “hold” rating in a note issued to investors on Saturday, 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 research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold”.
Get Our Latest Stock Report on Consumer Portfolio Services
Consumer Portfolio Services Price Performance
Consumer Portfolio Services (NASDAQ:CPSS – Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The credit services provider reported $0.27 EPS for the quarter. The firm 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%.
Insider Transactions at Consumer Portfolio Services
In related news, VP Noel Jackson sold 7,500 shares of the business’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $9.31, for a total transaction of $69,825.00. Following the transaction, the vice president owned 7,500 shares in the company, valued at $69,825. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Catrina Marie Ralston sold 3,617 shares of the stock in a transaction dated 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 transaction, the vice president directly owned 68,262 shares of the company’s stock, valued at approximately $648,489. The trade was a 5.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 137,500 shares of company stock valued at $1,299,825. Company insiders own 63.70% of the company’s stock.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in CPSS. BlackRock Inc. purchased a new position in shares of Consumer Portfolio Services in the 2nd quarter valued at approximately $6,297,000. Empowered Funds LLC purchased a new stake in Consumer Portfolio Services in the second quarter worth $1,456,000. Janney Montgomery Scott LLC raised its holdings in Consumer Portfolio Services by 3.4% in the first 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. Bank of New York Mellon Corp bought a new position in Consumer Portfolio Services in the second quarter worth $221,000. Finally, Deutsche Bank AG purchased a new position in Consumer Portfolio Services during the second quarter valued at $115,000. Hedge funds and other institutional investors own 47.57% of the company’s stock.
About Consumer Portfolio Services
Consumer Portfolio Services, Inc (NASDAQ: CPSS) is a specialty finance company focused on automobile lending. The company provides financing to consumers who may have limited or impaired credit histories and primarily supports the purchase of used vehicles.
Consumer Portfolio Services generally originates business through an indirect lending model. It purchases and services retail installment sales contracts generated by franchised and independent automobile dealers, allowing dealers to offer financing to customers while transferring the contracts to the company.
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