Consumer Portfolio Services (NASDAQ:CPSS) Stock Rating Lowered by StockNews.com

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 note issued on Sunday.

Consumer Portfolio Services Trading Down 1.1 %

Shares of CPSS stock opened at $10.46 on Friday. Consumer Portfolio Services has a 1-year low of $7.03 and a 1-year high of $12.04. The firm has a market cap of $223.90 million, a PE ratio of 12.02 and a beta of 1.99. The company has a 50-day moving average of $10.36 and a two-hundred day moving average of $9.61. The company has a debt-to-equity ratio of 10.52, a current ratio of 19.17 and a quick ratio of 19.16.

Consumer Portfolio Services (NASDAQ:CPSS) last posted its earnings results on Thursday, October 31st. The credit services provider reported $0.20 earnings per share 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 company had revenue of $100.58 million during the quarter, compared to analyst estimates of $98.34 million. On average, 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 Consumer Portfolio Services news, VP April Crisp sold 2,500 shares of the stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $11.15, for a total value of $27,875.00. Following the sale, the vice president now owns 17,212 shares of the company’s stock, valued at $191,913.80. This trade represents a 12.68 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director William B. Roberts sold 50,000 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $10.76, for a total value of $538,000.00. Following the transaction, the director now directly owns 850,078 shares of the company’s stock, valued at approximately $9,146,839.28. This represents a 5.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 139,756 shares of company stock valued at $1,482,459 in the last three months. 69.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Consumer Portfolio Services

Several institutional investors have recently modified their holdings of CPSS. 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 worth $975,000 after purchasing an additional 1,343 shares during the last quarter. Empowered Funds LLC boosted its stake in Consumer Portfolio Services by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 142,520 shares of the credit services provider’s stock worth $1,337,000 after purchasing an additional 7,236 shares during the period. Segall Bryant & Hamill LLC purchased a new position in Consumer Portfolio Services during the 3rd quarter worth $445,000. Fisher Asset Management LLC acquired a new position in Consumer Portfolio Services in the third quarter valued at $960,000. Finally, State Street Corp boosted its stake in shares of Consumer Portfolio Services by 2.2% during the third quarter. State Street Corp now owns 186,220 shares of the credit services provider’s stock worth $1,747,000 after buying an additional 3,922 shares during the period. 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.