Consumer Portfolio Services (NASDAQ:CPSS) Downgraded by StockNews.com to “Buy”

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

Consumer Portfolio Services Stock Up 3.1 %

Shares of NASDAQ CPSS opened at $10.98 on Thursday. The company has a current ratio of 19.17, a quick ratio of 19.16 and a debt-to-equity ratio of 10.52. The business has a 50-day moving average of $10.56 and a 200-day moving average of $9.76. The firm has a market capitalization of $235.03 million, a price-to-earnings ratio of 12.62 and a beta of 1.98. Consumer Portfolio Services has a 12 month low of $7.03 and a 12 month high of $12.04.

Consumer Portfolio Services (NASDAQ:CPSS) last released its quarterly earnings results on Thursday, October 31st. The credit services provider reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). The company had revenue of $100.58 million during the quarter, compared to analysts’ expectations of $98.34 million. Consumer Portfolio Services had a return on equity of 7.59% and a net margin of 5.59%. Sell-side analysts expect that Consumer Portfolio Services will post 0.85 earnings per share for the current fiscal year.

Insider Buying and Selling at Consumer Portfolio Services

In related news, VP Chris Terry sold 10,000 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $10.16, for a total transaction of $101,600.00. Following the transaction, the vice president now owns 203,656 shares of the company’s stock, valued at approximately $2,069,144.96. This trade represents a 4.68 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director William B. Roberts sold 50,000 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $10.76, for a total transaction of $538,000.00. Following the completion of the sale, the director now directly owns 850,078 shares of the company’s stock, valued at $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 have sold 139,756 shares of company stock worth $1,482,459 over the last 90 days. Corporate insiders own 69.00% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of CPSS. Barclays PLC boosted its holdings in Consumer Portfolio Services by 297.6% during the 3rd quarter. Barclays PLC now owns 11,794 shares of the credit services provider’s stock valued at $110,000 after acquiring an additional 8,828 shares during the period. Segall Bryant & Hamill LLC bought a new stake in Consumer Portfolio Services in the third quarter valued at approximately $445,000. Fisher Asset Management LLC bought a new stake in Consumer Portfolio Services in the third quarter valued at approximately $960,000. Bank of New York Mellon Corp boosted its stake in shares of 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 purchasing an additional 1,343 shares during the period. Finally, Empowered Funds LLC grew its holdings in shares of Consumer Portfolio Services by 5.3% in the third 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 last quarter. Hedge funds and other institutional investors own 47.57% of the company’s stock.

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.