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

Consumer Portfolio Services (NASDAQ:CPSS) was downgraded by stock analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued on Sunday.

Consumer Portfolio Services Price Performance

Consumer Portfolio Services stock opened at $10.51 on Friday. The firm has a market capitalization of $224.97 million, a PE ratio of 12.08 and a beta of 1.99. Consumer Portfolio Services has a 12-month low of $7.03 and a 12-month high of $12.04. The firm has a 50-day moving average price of $10.36 and a 200-day moving average price of $9.63. The company has a current ratio of 19.17, a quick ratio of 19.16 and a debt-to-equity ratio of 10.52.

Consumer Portfolio Services (NASDAQ:CPSS) last announced its earnings results on Thursday, October 31st. The credit services provider reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.01). Consumer Portfolio Services had a net margin of 5.59% and a return on equity of 7.59%. The business had revenue of $100.58 million for the quarter, compared to analysts’ expectations of $98.34 million. As a group, equities research analysts forecast that Consumer Portfolio Services will post 0.85 EPS for the current year.

Insiders Place Their Bets

In other Consumer Portfolio Services news, VP April Crisp sold 2,500 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $11.15, for a total value of $27,875.00. Following the transaction, the vice president now directly owns 17,212 shares in the company, valued at $191,913.80. This represents a 12.68 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Chris Terry sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $10.16, for a total transaction of $101,600.00. Following the transaction, the vice president now directly owns 203,656 shares in the company, valued at approximately $2,069,144.96. This trade represents a 4.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 139,756 shares of company stock worth $1,482,459 over the last quarter. Company insiders own 69.00% of the company’s stock.

Institutional Investors Weigh In On Consumer Portfolio Services

Institutional investors and hedge funds have recently bought and sold shares of the company. Segall Bryant & Hamill LLC purchased a new position in shares of Consumer Portfolio Services during the third quarter valued at $445,000. Bank of New York Mellon Corp grew its holdings in Consumer Portfolio Services by 1.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 99,481 shares of the credit services provider’s stock worth $975,000 after acquiring an additional 1,343 shares in the last quarter. Fisher Asset Management LLC purchased a new position in Consumer Portfolio Services during the 3rd quarter valued at about $960,000. Empowered Funds LLC raised its holdings in shares of Consumer Portfolio Services by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 142,520 shares of the credit services provider’s stock valued at $1,337,000 after purchasing an additional 7,236 shares in the last quarter. Finally, Barclays PLC lifted 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 purchasing an additional 8,828 shares during the period. 47.57% of the stock is owned by institutional investors.

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.