Consumer Portfolio Services (NASDAQ:CPSS) Rating Increased 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 report published on Saturday.

Consumer Portfolio Services Trading Down 1.5 %

NASDAQ:CPSS opened at $9.41 on Friday. The company has a fifty day moving average of $10.97 and a 200 day moving average of $10.26. Consumer Portfolio Services has a 52 week low of $7.03 and a 52 week high of $12.73. 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 firm has a market capitalization of $201.42 million, a P/E ratio of 10.82 and a beta of 2.14.

Consumer Portfolio Services (NASDAQ:CPSS) last issued its quarterly earnings data on Tuesday, February 25th. The credit services provider reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.06). The company had revenue of $105.30 million for the quarter, compared to analysts’ expectations of $102.37 million. Consumer Portfolio Services had a net margin of 5.59% and a return on equity of 7.59%. On average, research analysts predict that Consumer Portfolio Services will post 0.85 earnings per share for the current year.

Insider Buying and Selling at Consumer Portfolio Services

In other Consumer Portfolio Services news, Director William B. Roberts sold 6,259 shares of the business’s stock in a transaction on Friday, March 7th. The shares were sold at an average price of $9.41, for a total transaction of $58,897.19. Following the transaction, the director now directly owns 690,078 shares of the company’s stock, valued at approximately $6,493,633.98. The trade was a 0.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction, the vice president now directly owns 17,212 shares in the company, valued at approximately $191,913.80. The trade was 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 have sold 9,293 shares of company stock valued at $91,792. 69.00% of the stock is currently owned by company insiders.

Institutional Trading of Consumer Portfolio Services

Hedge funds and other institutional investors have recently modified their holdings of the business. Wells Fargo & Company MN grew its position in shares of Consumer Portfolio Services by 25.2% in the 4th quarter. Wells Fargo & Company MN now owns 4,883 shares of the credit services provider’s stock worth $53,000 after buying an additional 984 shares during the period. Barclays PLC grew its position 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 worth $110,000 after buying an additional 8,828 shares during the period. Bank of America Corp DE grew its position in shares of Consumer Portfolio Services by 21.8% in the 4th quarter. Bank of America Corp DE now owns 13,335 shares of the credit services provider’s stock worth $145,000 after buying an additional 2,383 shares during the period. JPMorgan Chase & Co. grew its position in shares of Consumer Portfolio Services by 620.5% in the 4th quarter. JPMorgan Chase & Co. now owns 29,173 shares of the credit services provider’s stock worth $317,000 after buying an additional 25,124 shares during the period. Finally, Segall Bryant & Hamill LLC purchased a new stake in shares of Consumer Portfolio Services in the 3rd quarter worth about $445,000. 47.57% of the stock is owned by hedge funds and other 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.