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

StockNews.com downgraded shares of Consumer Portfolio Services (NASDAQ:CPSS) from a strong-buy rating to a buy rating in a research report sent to investors on Friday morning.

Consumer Portfolio Services Price Performance

CPSS opened at $10.00 on Friday. Consumer Portfolio Services has a fifty-two week low of $7.03 and a fifty-two week high of $12.73. The firm has a 50-day moving average of $11.08 and a 200 day moving average of $10.22. The company has a debt-to-equity ratio of 10.52, a quick ratio of 19.16 and a current ratio of 19.17. The firm has a market cap of $214.05 million, a P/E ratio of 11.49 and a beta of 1.98.

Consumer Portfolio Services (NASDAQ:CPSS) last released its earnings results on Tuesday, February 25th. The credit services provider reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.06). The company had revenue of $105.30 million during the quarter, compared to analysts’ expectations of $102.37 million. Consumer Portfolio Services had a net margin of 5.59% and a return on equity of 7.59%. On average, research analysts expect that Consumer Portfolio Services will post 0.85 EPS for the current year.

Insider Buying and Selling

In other news, Director William B. Roberts sold 15,000 shares of Consumer Portfolio Services stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $10.45, for a total transaction of $156,750.00. Following the completion of the sale, the director now owns 700,078 shares in the company, valued at approximately $7,315,815.10. This trade represents a 2.10 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP April Crisp sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $11.15, for a total transaction of $27,875.00. Following the completion of the transaction, the vice president now directly owns 17,212 shares of the company’s stock, valued at approximately $191,913.80. This represents a 12.68 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 27,500 shares of company stock valued at $287,925. Corporate insiders own 69.00% of the company’s stock.

Institutional Trading of Consumer Portfolio Services

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Wells Fargo & Company MN lifted its holdings in shares of Consumer Portfolio Services by 25.2% in the 4th quarter. Wells Fargo & Company MN now owns 4,883 shares of the credit services provider’s stock worth $53,000 after acquiring an additional 984 shares during the last quarter. Barclays PLC lifted its stake in Consumer Portfolio Services by 297.6% in the third 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 last quarter. Bank of America Corp DE boosted its position in Consumer Portfolio Services by 21.8% during the fourth quarter. Bank of America Corp DE now owns 13,335 shares of the credit services provider’s stock valued at $145,000 after buying an additional 2,383 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Consumer Portfolio Services by 620.5% during the fourth quarter. JPMorgan Chase & Co. now owns 29,173 shares of the credit services provider’s stock valued at $317,000 after buying an additional 25,124 shares during the last quarter. Finally, Segall Bryant & Hamill LLC purchased a new position in shares of Consumer Portfolio Services in the third quarter worth about $445,000. Hedge funds and other institutional investors own 47.57% of the company’s stock.

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.