Consumer Portfolio Services (NASDAQ:CPSS) Announces Earnings Results

Consumer Portfolio Services (NASDAQ:CPSS) posted its quarterly earnings results on Monday. The credit services provider reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.05), Zacks reports. Consumer Portfolio Services had a return on equity of 6.59% and a net margin of 4.60%.

Consumer Portfolio Services Price Performance

NASDAQ CPSS remained flat at $8.67 on Monday. The company had a trading volume of 24,546 shares, compared to its average volume of 20,530. The firm has a market cap of $191.36 million, a price-to-earnings ratio of 10.84 and a beta of 1.00. The company has a current ratio of 8.03, a quick ratio of 8.03 and a debt-to-equity ratio of 9.89. Consumer Portfolio Services has a 1-year low of $6.67 and a 1-year high of $12.73. The business has a fifty day moving average price of $7.98 and a 200 day moving average price of $8.69.

Analysts Set New Price Targets

CPSS has been the subject of several recent analyst reports. Wall Street Zen upgraded Consumer Portfolio Services from a “hold” rating to a “buy” rating in a research note on Friday, July 18th. Weiss Ratings reissued a “sell (d)” rating on shares of Consumer Portfolio Services in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

Insider Buying and Selling at Consumer Portfolio Services

In other Consumer Portfolio Services news, VP Noel Jackson sold 9,369 shares of Consumer Portfolio Services stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $8.49, for a total value of $79,542.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 63.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Consumer Portfolio Services

Several institutional investors have recently made changes to their positions in CPSS. JPMorgan Chase & Co. increased its position in shares of Consumer Portfolio Services by 17.4% during the third quarter. JPMorgan Chase & Co. now owns 15,739 shares of the credit services provider’s stock worth $119,000 after acquiring an additional 2,333 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Consumer Portfolio Services by 17.8% in the first quarter. Goldman Sachs Group Inc. now owns 31,752 shares of the credit services provider’s stock worth $275,000 after purchasing an additional 4,789 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of Consumer Portfolio Services by 3.8% in the first quarter. Empowered Funds LLC now owns 150,808 shares of the credit services provider’s stock valued at $1,308,000 after purchasing an additional 5,588 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Consumer Portfolio Services by 8.5% during the second quarter. Geode Capital Management LLC now owns 212,555 shares of the credit services provider’s stock valued at $2,090,000 after buying an additional 16,563 shares during the last quarter. Institutional investors and hedge funds 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.