Zacks Investment Research lowered shares of Consumer Portfolio Services (NASDAQ:CPSS) from a strong-buy rating to a hold rating in a report issued on Friday.
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. “
Separately, ValuEngine cut Consumer Portfolio Services from a buy rating to a hold rating in a research report on Monday, April 2nd.
Shares of CPSS opened at $3.79 on Friday. The company has a debt-to-equity ratio of 11.42, a current ratio of 16.44 and a quick ratio of 16.44. Consumer Portfolio Services has a one year low of $3.66 and a one year high of $5.21. The company has a market cap of $81.08, a P/E ratio of 4.74 and a beta of 1.53.
Consumer Portfolio Services (NASDAQ:CPSS) last issued its quarterly earnings results on Wednesday, February 14th. The credit services provider reported $0.20 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.03. Consumer Portfolio Services had a return on equity of 9.88% and a net margin of 0.87%. The firm had revenue of $107.23 million during the quarter, compared to analysts’ expectations of $110.31 million. equities analysts predict that Consumer Portfolio Services will post 0.78 EPS for the current year.
In other Consumer Portfolio Services news, insider Chris Terry sold 90,000 shares of the business’s stock in a transaction on Saturday, February 17th. The stock was sold at an average price of $4.13, for a total transaction of $371,700.00. Following the transaction, the insider now owns 6,349 shares of the company’s stock, valued at $26,221.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 37.50% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Macquarie Group Ltd. acquired a new position in Consumer Portfolio Services during the third quarter worth $114,000. Wells Fargo & Company MN boosted its stake in Consumer Portfolio Services by 433.8% during the fourth quarter. Wells Fargo & Company MN now owns 36,333 shares of the credit services provider’s stock worth $151,000 after buying an additional 29,526 shares during the last quarter. Cornerstone Investment Partners LLC boosted its stake in Consumer Portfolio Services by 100.0% during the fourth quarter. Cornerstone Investment Partners LLC now owns 40,000 shares of the credit services provider’s stock worth $166,000 after buying an additional 20,000 shares during the last quarter. PEAK6 Investments L.P. boosted its stake in Consumer Portfolio Services by 28.6% during the fourth quarter. PEAK6 Investments L.P. now owns 56,183 shares of the credit services provider’s stock worth $233,000 after buying an additional 12,500 shares during the last quarter. Finally, Continental Advisors LLC boosted its stake in Consumer Portfolio Services by 7.9% during the fourth quarter. Continental Advisors LLC now owns 1,430,474 shares of the credit services provider’s stock worth $5,936,000 after buying an additional 104,263 shares during the last quarter. 47.19% of the stock is currently owned by institutional investors.
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About Consumer Portfolio Services
Consumer Portfolio Services, Inc operates as a specialty finance company in the United States. The company purchases and services 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.
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