Consumer Portfolio Services (NASDAQ:CPSS) Upgraded to Strong-Buy at StockNews.com

Consumer Portfolio Services (NASDAQ:CPSS) was upgraded by stock analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a note issued to investors on Saturday.

Consumer Portfolio Services Stock Down 1.5 %

CPSS opened at $9.41 on Friday. The stock’s fifty day moving average is $11.00 and its 200-day moving average is $10.24. Consumer Portfolio Services has a one year low of $7.03 and a one year high of $12.73. The company has a market capitalization of $201.42 million, a PE ratio of 10.82 and a beta of 2.14. The company has a debt-to-equity ratio of 10.52, a quick ratio of 19.16 and a current ratio of 19.17.

Consumer Portfolio Services (NASDAQ:CPSS) last issued its quarterly earnings results on Tuesday, February 25th. The credit services provider reported $0.21 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.06). Consumer Portfolio Services had a return on equity of 7.59% and a net margin of 5.59%. The business had revenue of $105.30 million during the quarter, compared to the consensus estimate of $102.37 million. On average, equities analysts predict that Consumer Portfolio Services will post 0.85 EPS for the current fiscal year.

Insider Buying and Selling

In other Consumer Portfolio Services news, Director William B. Roberts sold 6,259 shares of the firm’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $9.41, for a total value of $58,897.19. Following the completion of the transaction, the director now directly owns 690,078 shares in the company, valued at $6,493,633.98. This trade represents a 0.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP April Crisp sold 2,500 shares of Consumer Portfolio Services 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 in the company, valued at approximately $191,913.80. This trade represents a 12.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,293 shares of company stock worth $91,792. Corporate insiders own 69.00% of the company’s stock.

Institutional Investors Weigh In On Consumer Portfolio Services

Several hedge funds have recently made changes to their positions in CPSS. Geode Capital Management LLC raised its stake in Consumer Portfolio Services by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 193,181 shares of the credit services provider’s stock valued at $2,098,000 after purchasing an additional 2,411 shares during the period. State Street Corp lifted its stake in Consumer Portfolio Services by 2.2% in the 3rd quarter. State Street Corp now owns 186,220 shares of the credit services provider’s stock worth $1,747,000 after acquiring an additional 3,922 shares in the last quarter. Empowered Funds LLC boosted its position in Consumer Portfolio Services by 1.9% during the 4th quarter. Empowered Funds LLC now owns 145,220 shares of the credit services provider’s stock worth $1,577,000 after acquiring an additional 2,700 shares during the period. Verity & Verity LLC acquired a new stake in Consumer Portfolio Services during the 4th quarter worth about $1,309,000. Finally, Fisher Asset Management LLC purchased a new position in Consumer Portfolio Services during the 3rd quarter valued at about $960,000. 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.