Consumer Portfolio Services (NASDAQ:CPSS) Downgraded by StockNews.com to Buy

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

Consumer Portfolio Services Price Performance

CPSS opened at $10.51 on Friday. The firm has a market capitalization of $224.97 million, a PE ratio of 12.08 and a beta of 1.99. The company has a debt-to-equity ratio of 10.52, a current ratio of 19.17 and a quick ratio of 19.16. The business’s 50-day moving average is $10.36 and its two-hundred day moving average is $9.63. Consumer Portfolio Services has a 1 year low of $7.03 and a 1 year high of $12.04.

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

Insider Activity

In other Consumer Portfolio Services news, Director Greg Washer sold 10,981 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $11.06, for a total transaction of $121,449.86. Following the transaction, the director now owns 265,000 shares in the company, valued at approximately $2,930,900. This represents a 3.98 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP April Crisp sold 2,500 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $11.15, for a total transaction of $27,875.00. Following the completion of the transaction, the vice president now directly owns 17,212 shares of the company’s stock, valued at approximately $191,913.80. This represents a 12.68 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 139,756 shares of company stock worth $1,482,459. Insiders own 69.00% of the company’s stock.

Hedge Funds Weigh In On Consumer Portfolio Services

Hedge funds have recently made changes to their positions in the company. Barclays PLC lifted its position in Consumer Portfolio Services by 297.6% during the 3rd quarter. Barclays PLC now owns 11,794 shares of the credit services provider’s stock worth $110,000 after acquiring an additional 8,828 shares during the period. State Street Corp boosted its position in Consumer Portfolio Services by 2.2% in the third quarter. State Street Corp now owns 186,220 shares of the credit services provider’s stock valued at $1,747,000 after buying an additional 3,922 shares during the last quarter. Fisher Asset Management LLC acquired a new position in Consumer Portfolio Services in the 3rd quarter worth approximately $960,000. Segall Bryant & Hamill LLC acquired a new position in Consumer Portfolio Services in the 3rd quarter worth approximately $445,000. Finally, Empowered Funds LLC raised its position in Consumer Portfolio Services by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 142,520 shares of the credit services provider’s stock worth $1,337,000 after buying an additional 7,236 shares during the last quarter. 47.57% of the stock is owned by institutional investors and hedge funds.

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.