Consumer Portfolio Services (NASDAQ:CPSS) Upgraded by StockNews.com to Strong-Buy Rating

Consumer Portfolio Services (NASDAQ:CPSS) was upgraded by equities research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued on Thursday.

Consumer Portfolio Services Stock Down 1.4 %

CPSS stock traded down $0.14 during trading on Thursday, hitting $10.22. 14,987 shares of the stock traded hands, compared to its average volume of 31,968. Consumer Portfolio Services has a 1 year low of $7.03 and a 1 year high of $12.04. The firm’s 50 day moving average is $9.96 and its two-hundred day moving average is $9.32. The stock has a market cap of $218.81 million, a price-to-earnings ratio of 11.75 and a beta of 2.00. The company has a debt-to-equity ratio of 10.52, a current ratio of 19.17 and a quick ratio of 19.16.

Consumer Portfolio Services (NASDAQ:CPSS) last announced its quarterly earnings data on Thursday, October 31st. The credit services provider reported $0.20 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.01). Consumer Portfolio Services had a net margin of 5.59% and a return on equity of 7.59%. The firm had revenue of $100.58 million for the quarter, compared to analysts’ expectations of $98.34 million. On average, sell-side analysts anticipate that Consumer Portfolio Services will post 0.85 EPS for the current year.

Insider Activity

In other news, Director William B. Roberts sold 50,000 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $10.76, for a total transaction of $538,000.00. Following the sale, the director now owns 850,078 shares of the company’s stock, valued at $9,146,839.28. This trade represents a 5.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP April Crisp sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $9.65, for a total transaction of $48,250.00. Following the sale, the vice president now directly owns 17,212 shares in the company, valued at approximately $166,095.80. The trade was a 22.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 246,981 shares of company stock valued at $2,494,460 in the last 90 days. 69.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Consumer Portfolio Services

Several institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp lifted its stake in shares of Consumer Portfolio Services by 1.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 99,481 shares of the credit services provider’s stock worth $975,000 after purchasing an additional 1,343 shares during the period. Vanguard Group Inc. lifted its stake in shares of Consumer Portfolio Services by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 521,457 shares of the credit services provider’s stock worth $3,942,000 after purchasing an additional 3,418 shares during the period. State Street Corp lifted its stake in shares of Consumer Portfolio Services by 2.2% in the 3rd quarter. State Street Corp now owns 186,220 shares of the credit services provider’s stock worth $1,747,000 after purchasing an additional 3,922 shares during the period. Empowered Funds LLC lifted its stake in shares of Consumer Portfolio Services by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 142,520 shares of the credit services provider’s stock worth $1,337,000 after purchasing an additional 7,236 shares during the period. Finally, Barclays PLC lifted its stake in shares of Consumer Portfolio Services by 297.6% in the 3rd quarter. Barclays PLC now owns 11,794 shares of the credit services provider’s stock worth $110,000 after purchasing an additional 8,828 shares during the period. Institutional investors own 47.57% of the company’s stock.

Consumer Portfolio Services Company Profile

Consumer Portfolio Services, Inc operates as a specialty finance company in the United States. It is involved in the purchase and service of 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.