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

StockNews.com lowered shares of Consumer Portfolio Services (NASDAQ:CPSS) from a strong-buy rating to a buy rating in a research report report published on Wednesday morning.

Consumer Portfolio Services Stock Performance

NASDAQ:CPSS opened at $11.67 on Wednesday. The stock’s 50-day moving average is $11.15 and its 200-day moving average is $10.13. Consumer Portfolio Services has a 1-year low of $7.03 and a 1-year high of $12.73. 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 stock has a market cap of $249.85 million, a P/E ratio of 13.41 and a beta of 1.98.

Insider Activity

In related news, VP April Crisp sold 2,500 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were 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. The trade was a 12.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Daniel S. Wood sold 8,000 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $10.49, for a total transaction of $83,920.00. Following the completion of the sale, the director now directly owns 186,910 shares in the company, valued at approximately $1,960,685.90. This represents a 4.10 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 45,775 shares of company stock valued at $481,069. Insiders own 69.00% of the company’s stock.

Institutional Trading of Consumer Portfolio Services

Institutional investors have recently modified their holdings of the business. Wells Fargo & Company MN grew its stake in shares of Consumer Portfolio Services by 25.2% in the fourth quarter. Wells Fargo & Company MN now owns 4,883 shares of the credit services provider’s stock worth $53,000 after purchasing an additional 984 shares during the last quarter. Barclays PLC boosted its position in Consumer Portfolio Services by 297.6% during the third 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 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 acquiring an additional 2,383 shares during the last quarter. JPMorgan Chase & Co. boosted its position in 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 acquiring an additional 25,124 shares during the last quarter. Finally, Segall Bryant & Hamill LLC bought a new stake in Consumer Portfolio Services during the third quarter valued at $445,000. 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.