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

StockNews.com cut shares of Consumer Portfolio Services (NASDAQ:CPSS) from a strong-buy rating to a buy rating in a research note published on Friday.

Consumer Portfolio Services Stock Performance

Consumer Portfolio Services stock opened at $10.00 on Friday. The stock has a market cap of $214.05 million, a PE ratio of 11.49 and a beta of 1.98. 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 has a 12-month low of $7.03 and a 12-month high of $12.73. The business’s 50-day moving average price is $11.08 and its two-hundred day moving average price is $10.22.

Consumer Portfolio Services (NASDAQ:CPSS) last announced its quarterly earnings results on Tuesday, February 25th. The credit services provider reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.06). Consumer Portfolio Services had a net margin of 5.59% and a return on equity of 7.59%. The firm had revenue of $105.30 million during the quarter, compared to the consensus estimate of $102.37 million. As a group, analysts expect that Consumer Portfolio Services will post 0.85 earnings per share for the current fiscal year.

Insider Transactions at Consumer Portfolio Services

In other news, Director William B. Roberts sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $10.33, for a total transaction of $103,300.00. Following the transaction, the director now directly owns 724,803 shares of the company’s stock, valued at $7,487,214.99. This represents a 1.36 % decrease in their ownership of the stock. The sale 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 stock in a transaction on Thursday, December 12th. The stock was 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 owns 17,212 shares in the company, valued at approximately $191,913.80. This represents a 12.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,500 shares of company stock valued at $287,925. Corporate insiders own 69.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Empowered Funds LLC increased its position in shares of Consumer Portfolio Services by 5.3% during the third quarter. Empowered Funds LLC now owns 142,520 shares of the credit services provider’s stock worth $1,337,000 after acquiring an additional 7,236 shares in the last quarter. Segall Bryant & Hamill LLC acquired a new position in Consumer Portfolio Services during the 3rd quarter valued at about $445,000. Fisher Asset Management LLC bought a new stake in Consumer Portfolio Services during the 3rd quarter worth approximately $960,000. State Street Corp raised its stake 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 purchasing an additional 3,922 shares during the last quarter. Finally, Barclays PLC lifted its holdings in shares of 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. 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.