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

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

Consumer Portfolio Services Stock Performance

Shares of CPSS stock opened at $11.01 on Friday. Consumer Portfolio Services has a 52 week low of $7.03 and a 52 week high of $12.04. The firm has a 50 day moving average of $10.23 and a two-hundred day moving average of $9.52. The company has a quick ratio of 19.16, a current ratio of 19.17 and a debt-to-equity ratio of 10.52. The stock has a market capitalization of $235.67 million, a PE ratio of 12.66 and a beta of 1.99.

Consumer Portfolio Services (NASDAQ:CPSS) last released its earnings results 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). The company had revenue of $100.58 million for the quarter, compared to analyst estimates of $98.34 million. Consumer Portfolio Services had a return on equity of 7.59% and a net margin of 5.59%. On average, research analysts predict that Consumer Portfolio Services will post 0.85 EPS for the current fiscal year.

Insider Activity at Consumer Portfolio Services

In other Consumer Portfolio Services news, Director William B. Roberts sold 50,000 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $10.76, for a total value of $538,000.00. Following the sale, the director now directly owns 850,078 shares in the company, valued at $9,146,839.28. This trade represents a 5.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Greg Washer sold 40,000 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $9.50, for a total value of $380,000.00. Following the transaction, the director now directly owns 275,981 shares of the company’s stock, valued at approximately $2,621,819.50. This represents a 12.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 187,256 shares of company stock valued at $1,929,584 over the last 90 days. 69.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Consumer Portfolio Services

Several institutional investors have recently added to or reduced their stakes in CPSS. Bank of New York Mellon Corp increased 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 during the last quarter. Vanguard Group Inc. boosted its holdings 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 valued at $3,942,000 after buying an additional 3,418 shares in the last quarter. State Street Corp grew its holdings in shares of Consumer Portfolio Services by 2.2% during 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. 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 purchasing an additional 7,236 shares in the last quarter. Finally, Barclays PLC lifted its holdings 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 valued at $110,000 after purchasing an additional 8,828 shares during the last quarter. Hedge funds and other institutional investors own 47.57% of the company’s stock.

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.