Consumer Portfolio Services (NASDAQ:CPSS) Stock Lifted to Buy by Wall Street Zen

Wall Street Zen upgraded shares of Consumer Portfolio Services (NASDAQ:CPSS) from a hold rating to a buy rating in a research report report published on Sunday,Wall Street Zen reports.

Separately, Weiss Ratings upgraded shares of Consumer Portfolio Services from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, September 14th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Consumer Portfolio Services Stock Performance

CPSS opened at $9.56 on Friday. The company has a debt-to-equity ratio of 10.43, a current ratio of 5.67 and a quick ratio of 5.67. Consumer Portfolio Services has a 1-year low of $7.30 and a 1-year high of $10.49. The company has a 50 day simple moving average of $9.36 and a two-hundred day simple moving average of $9.12. The firm has a market cap of $206.11 million, a P/E ratio of 10.39 and a beta of 1.11.

Consumer Portfolio Services (NASDAQ:CPSS) last issued its earnings results on Tuesday, August 4th. The credit services provider reported $0.27 earnings per share for the quarter. The company had revenue of $57.14 million during the quarter. Consumer Portfolio Services had a net margin of 4.78% and a return on equity of 6.91%.

Insider Transactions at Consumer Portfolio Services

In other Consumer Portfolio Services news, VP Noel Jackson sold 7,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $9.31, for a total transaction of $69,825.00. Following the sale, the vice president directly owned 7,500 shares of the company’s stock, valued at $69,825. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Catrina Marie Ralston sold 3,617 shares of the firm’s stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $9.50, for a total value of $34,361.50. Following the completion of the sale, the vice president directly owned 68,262 shares of the company’s stock, valued at $648,489. The trade was a 5.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 137,500 shares of company stock worth $1,299,825 in the last three months. Insiders own 63.70% of the company’s stock.

Institutional Investors Weigh In On Consumer Portfolio Services

Hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. bought a new position in Consumer Portfolio Services during the 2nd quarter valued at about $6,297,000. Empowered Funds LLC bought a new stake in Consumer Portfolio Services in the second quarter worth about $1,456,000. Deutsche Bank AG purchased a new position in shares of Consumer Portfolio Services during the second quarter valued at approximately $115,000. Bank of New York Mellon Corp purchased a new position in shares of Consumer Portfolio Services during the second quarter valued at approximately $221,000. Finally, Janney Montgomery Scott LLC grew its stake in shares of Consumer Portfolio Services by 3.4% during the first quarter. Janney Montgomery Scott LLC now owns 51,003 shares of the credit services provider’s stock valued at $394,000 after buying an additional 1,672 shares during the last quarter. Hedge funds and other institutional investors own 47.57% of the company’s stock.

About Consumer Portfolio Services

Consumer Portfolio Services, Inc (NASDAQ: CPSS) is a specialty finance company focused on automobile lending. The company provides financing to consumers who may have limited or impaired credit histories and primarily supports the purchase of used vehicles.

Consumer Portfolio Services generally originates business through an indirect lending model. It purchases and services retail installment sales contracts generated by franchised and independent automobile dealers, allowing dealers to offer financing to customers while transferring the contracts to the company.