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

Consumer Portfolio Services (NASDAQ:CPSS) was downgraded by equities researchers at StockNews.com from a “strong-buy” rating to a “buy” rating in a report released on Wednesday.

Consumer Portfolio Services Trading Up 3.8 %

Shares of CPSS stock traded up $0.43 during trading on Wednesday, hitting $11.67. 17,053 shares of the stock traded hands, compared to its average volume of 28,217. The firm has a market capitalization of $249.85 million, a P/E ratio of 13.41 and a beta of 1.98. 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 firm’s fifty day moving average price is $11.15 and its 200-day moving average price is $10.13. Consumer Portfolio Services has a 52-week low of $7.03 and a 52-week high of $12.73.

Insider Activity at Consumer Portfolio Services

In related news, VP April Crisp sold 2,500 shares of Consumer Portfolio Services stock in a transaction that occurred on 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 sale, the vice president now owns 17,212 shares in the company, valued at approximately $191,913.80. This trade represents a 12.68 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director William B. Roberts sold 10,000 shares of Consumer Portfolio Services stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $10.64, for a total transaction of $106,400.00. Following the completion of the sale, the director now owns 745,078 shares of the company’s stock, valued at $7,927,629.92. This trade represents a 1.32 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 45,775 shares of company stock worth $481,069. Insiders own 69.00% of the company’s stock.

Hedge Funds Weigh In On Consumer Portfolio Services

Several institutional investors have recently modified their holdings of the business. Bank of America Corp DE grew its stake in shares of Consumer Portfolio Services by 21.8% in the fourth quarter. Bank of America Corp DE now owns 13,335 shares of the credit services provider’s stock worth $145,000 after acquiring an additional 2,383 shares in the last quarter. Northern Trust Corp grew its stake in shares of Consumer Portfolio Services by 7.4% in the fourth quarter. Northern Trust Corp now owns 85,755 shares of the credit services provider’s stock worth $931,000 after acquiring an additional 5,882 shares in the last quarter. Barclays PLC grew its stake in shares of Consumer Portfolio Services by 11.5% in the fourth quarter. Barclays PLC now owns 13,147 shares of the credit services provider’s stock worth $143,000 after acquiring an additional 1,353 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of Consumer Portfolio Services by 25.2% in the fourth quarter. Wells Fargo & Company MN now owns 4,883 shares of the credit services provider’s stock worth $53,000 after acquiring an additional 984 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Consumer Portfolio Services by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 193,181 shares of the credit services provider’s stock worth $2,098,000 after acquiring an additional 2,411 shares in the last quarter. Institutional investors and hedge funds 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.