Consumer Portfolio Services (NASDAQ:CPSS) Cut to Buy at StockNews.com

StockNews.com lowered shares of Consumer Portfolio Services (NASDAQ:CPSS) from a strong-buy rating to a buy rating in a research note released on Sunday morning.

Consumer Portfolio Services Stock Up 0.7 %

CPSS stock opened at $10.58 on Friday. The stock has a market cap of $226.46 million, a PE ratio of 12.16 and a beta of 1.99. The firm’s 50-day simple moving average is $10.41 and its 200 day simple moving average is $9.66. Consumer Portfolio Services has a fifty-two week low of $7.03 and a fifty-two week high of $12.04. 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 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 firm had revenue of $100.58 million during the quarter, compared to the consensus estimate of $98.34 million. Consumer Portfolio Services had a return on equity of 7.59% and a net margin of 5.59%. As a group, sell-side analysts predict that Consumer Portfolio Services will post 0.85 EPS for the current year.

Insider Buying and Selling at Consumer Portfolio Services

In other news, Director William B. Roberts sold 50,000 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $10.76, for a total value of $538,000.00. Following the completion of the transaction, 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 legal filing with the SEC, which is accessible through this link. Also, Director Greg Washer sold 10,981 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $11.06, for a total value of $121,449.86. Following the sale, the director now directly owns 265,000 shares in the company, valued at approximately $2,930,900. The trade was a 3.98 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 139,756 shares of company stock valued at $1,482,459 in the last quarter. Corporate insiders own 69.00% of the company’s stock.

Institutional Investors Weigh In On Consumer Portfolio Services

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Barclays PLC boosted its stake in shares of Consumer Portfolio Services by 297.6% during the 3rd quarter. Barclays PLC now owns 11,794 shares of the credit services provider’s stock worth $110,000 after acquiring an additional 8,828 shares in the last quarter. Segall Bryant & Hamill LLC purchased a new position in Consumer Portfolio Services in the 3rd quarter worth about $445,000. Fisher Asset Management LLC purchased a new position in Consumer Portfolio Services in the 3rd quarter worth about $960,000. Bank of New York Mellon Corp lifted its stake 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 valued at $975,000 after buying an additional 1,343 shares in the last quarter. Finally, Empowered Funds LLC lifted its stake in 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 valued at $1,337,000 after buying an additional 7,236 shares in the last quarter. 47.57% of the stock is owned by institutional investors and hedge funds.

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.