Zacks Investment Research upgraded shares of Consumer Portfolio Services (NASDAQ:CPSS) from a sell rating to a hold rating in a report released on Tuesday morning.
According to Zacks, “CONSUMER PORTFOLIO SERVICES is a consumer finance company that specializes in purchasing, selling, and servicing contracts with purchases of vechicles who are sub prime borrowers and are unable to obtain credit from traditional sources. “
Several other analysts also recently commented on the stock. TheStreet downgraded shares of Consumer Portfolio Services from a c rating to a d rating in a report on Tuesday, October 31st. Jefferies Group reaffirmed a buy rating and set a $6.00 target price on shares of Consumer Portfolio Services in a report on Thursday, September 7th.
Consumer Portfolio Services (NASDAQ CPSS) opened at $4.15 on Tuesday. Consumer Portfolio Services has a 12-month low of $3.66 and a 12-month high of $5.69. The company has a market cap of $96.46, a PE ratio of 5.83 and a beta of 1.91. The company has a debt-to-equity ratio of 10.89, a current ratio of 17.19 and a quick ratio of 17.19.
Consumer Portfolio Services (NASDAQ:CPSS) last announced its quarterly earnings data on Monday, October 23rd. The credit services provider reported $0.17 EPS for the quarter, meeting analysts’ consensus estimates of $0.17. The company had revenue of $109.49 million during the quarter, compared to the consensus estimate of $112.39 million. Consumer Portfolio Services had a net margin of 4.87% and a return on equity of 11.09%. sell-side analysts expect that Consumer Portfolio Services will post 0.66 earnings per share for the current year.
In other Consumer Portfolio Services news, insider Curtis K. Powell sold 8,100 shares of Consumer Portfolio Services stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $4.27, for a total value of $34,587.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Second Curve Capital Llc sold 20,000 shares of Consumer Portfolio Services stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $4.16, for a total transaction of $83,200.00. The disclosure for this sale can be found here. Insiders have sold a total of 235,100 shares of company stock valued at $989,660 in the last ninety days. 37.50% of the stock is currently owned by insiders.
A number of institutional investors have recently modified their holdings of CPSS. Continental Advisors LLC raised its stake in Consumer Portfolio Services by 21.2% in the 3rd quarter. Continental Advisors LLC now owns 1,326,211 shares of the credit services provider’s stock worth $6,048,000 after purchasing an additional 232,055 shares in the last quarter. Morgan Stanley raised its stake in Consumer Portfolio Services by 12.5% in the 1st quarter. Morgan Stanley now owns 309,162 shares of the credit services provider’s stock worth $1,456,000 after purchasing an additional 34,327 shares in the last quarter. Macquarie Group Ltd. acquired a new stake in Consumer Portfolio Services in the 3rd quarter worth about $114,000. Hancock Holding Co. raised its stake in Consumer Portfolio Services by 17.6% in the 2nd quarter. Hancock Holding Co. now owns 44,185 shares of the credit services provider’s stock worth $201,000 after purchasing an additional 6,615 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in Consumer Portfolio Services by 0.9% in the 2nd quarter. Vanguard Group Inc. now owns 760,620 shares of the credit services provider’s stock worth $3,461,000 after purchasing an additional 6,530 shares in the last quarter. Institutional investors and hedge funds own 48.35% of the company’s stock.
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Consumer Portfolio Services Company Profile
Consumer Portfolio Services, Inc is a specialty finance company. The Company’s business is to purchase and service retail automobile contracts originated primarily by franchised automobile dealers and by select independent dealers in the United States in the sale of new and used automobiles, light trucks and passenger vans.
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