Consumer Portfolio Services (NASDAQ:CPSS) Stock Rating Upgraded by StockNews.com

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

Consumer Portfolio Services Stock Down 1.3 %

CPSS opened at $10.87 on Friday. Consumer Portfolio Services has a twelve month low of $7.03 and a twelve month high of $12.04. The company’s 50-day moving average price is $10.26 and its two-hundred day moving average price is $9.56. The stock has a market cap of $232.67 million, a price-to-earnings ratio of 12.49 and a beta of 1.99. The company has a quick ratio of 19.16, a current ratio of 19.17 and a debt-to-equity ratio of 10.52.

Consumer Portfolio Services (NASDAQ:CPSS) last posted 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 during the quarter, compared to analysts’ expectations of $98.34 million. As a group, equities analysts expect that Consumer Portfolio Services will post 0.85 earnings per share for the current year.

Insider Transactions at Consumer Portfolio Services

In other Consumer Portfolio Services news, VP April Crisp sold 2,500 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $11.15, for a total transaction of $27,875.00. Following the sale, the vice president now owns 17,212 shares of the company’s stock, valued at $191,913.80. The trade was a 12.68 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Daniel S. Wood sold 3,000 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $10.38, for a total value of $31,140.00. Following the completion of the transaction, the director now directly owns 196,910 shares of the company’s stock, valued at $2,043,925.80. The trade was a 1.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 139,756 shares of company stock worth $1,482,459. 69.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Consumer Portfolio Services

Large investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in 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 in the last quarter. State Street Corp raised its position in shares of 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 worth $1,747,000 after buying an additional 3,922 shares in the last quarter. Empowered Funds LLC raised its position in shares of 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 worth $1,337,000 after buying an additional 7,236 shares in the last quarter. Fisher Asset Management LLC bought a new stake in Consumer Portfolio Services during the third quarter valued at $960,000. Finally, Bank of New York Mellon Corp grew its position in Consumer Portfolio Services by 1.4% during the second quarter. Bank of New York Mellon Corp now owns 99,481 shares of the credit services provider’s stock worth $975,000 after buying an additional 1,343 shares in the last quarter. 47.57% of the stock is currently owned by institutional investors.

About Consumer Portfolio Services

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.