Consumer Portfolio Services (NASDAQ:CPSS) Raised to Strong-Buy at StockNews.com

StockNews.com upgraded shares of Consumer Portfolio Services (NASDAQ:CPSS) from a buy rating to a strong-buy rating in a research report released on Tuesday morning.

Consumer Portfolio Services Trading Down 1.5 %

CPSS stock opened at $10.86 on Tuesday. 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 company has a fifty day moving average price of $10.70 and a two-hundred day moving average price of $9.86. Consumer Portfolio Services has a one year low of $7.03 and a one year high of $12.04. The stock has a market cap of $232.46 million, a price-to-earnings ratio of 12.48 and a beta of 1.98.

Consumer Portfolio Services (NASDAQ:CPSS) last posted its earnings results on Thursday, October 31st. The credit services provider reported $0.20 earnings per share 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 for the quarter, compared to analyst estimates of $98.34 million. Equities analysts anticipate that Consumer Portfolio Services will post 0.85 EPS for the current year.

Insider Transactions at Consumer Portfolio Services

In related news, Director William B. Roberts sold 50,000 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $10.76, for a total value of $538,000.00. Following the completion of the transaction, the director now owns 850,078 shares of the company’s stock, valued at $9,146,839.28. The trade was a 5.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP April Crisp sold 2,500 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $11.15, for a total value 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 trade represents a 12.68 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 139,756 shares of company stock valued at $1,482,459. 69.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CPSS. Barclays PLC raised its stake in Consumer Portfolio Services by 297.6% in the third quarter. Barclays PLC now owns 11,794 shares of the credit services provider’s stock valued at $110,000 after purchasing an additional 8,828 shares in the last quarter. Segall Bryant & Hamill LLC acquired a new position in Consumer Portfolio Services in the third quarter valued at about $445,000. Fisher Asset Management LLC acquired a new position in Consumer Portfolio Services in the third quarter valued at about $960,000. Bank of New York Mellon Corp raised its stake in Consumer Portfolio Services by 1.4% in the second quarter. Bank of New York Mellon Corp now owns 99,481 shares of the credit services provider’s stock valued at $975,000 after purchasing an additional 1,343 shares in the last quarter. Finally, Empowered Funds LLC raised its stake in Consumer Portfolio Services by 5.3% in the third quarter. Empowered Funds LLC now owns 142,520 shares of the credit services provider’s stock valued at $1,337,000 after purchasing an additional 7,236 shares in the last quarter. Institutional investors and hedge funds 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.