Consumer Portfolio Services (NASDAQ:CPSS) Stock Rating Lowered by Wall Street Zen

Consumer Portfolio Services (NASDAQ:CPSS) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Sunday, Wall Street Zen reports.

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

Consumer Portfolio Services Stock Performance

CPSS opened at $9.30 on Friday. The business’s 50-day moving average price is $9.28 and its two-hundred day moving average price is $9.01. Consumer Portfolio Services has a 1 year low of $7.46 and a 1 year high of $10.49. The company has a market capitalization of $203.76 million, a price-to-earnings ratio of 9.12 and a beta of 1.14. 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 (NASDAQ:CPSS) last issued its quarterly earnings results on Friday, October 23rd. The credit services provider reported $0.30 EPS for the quarter. The company had revenue of $61.39 million for the quarter. Consumer Portfolio Services had a return on equity of 7.54% and a net margin of 4.99%.

Insider Buying and Selling

In other Consumer Portfolio Services news, VP Catrina Marie Ralston sold 3,617 shares of Consumer Portfolio Services stock in a transaction 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 sale, the vice president directly owned 68,262 shares in the company, valued at approximately $648,489. The trade was a 5.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Charles E. Bradley, Jr. sold 125,000 shares of Consumer Portfolio Services stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $9.46, for a total transaction of $1,182,500.00. Following the completion of the sale, the chief executive officer owned 4,099,545 shares in the company, valued at $38,781,695.70. The trade was a 2.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 137,500 shares of company stock worth $1,299,825. 63.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Consumer Portfolio Services

Large investors have recently modified their holdings of the business. Empowered Funds LLC acquired a new stake in shares of Consumer Portfolio Services in the second quarter valued at about $1,456,000. BlackRock Inc. acquired a new position in Consumer Portfolio Services during the second quarter valued at approximately $6,297,000. Deutsche Bank AG acquired a new position in Consumer Portfolio Services during the second quarter valued at approximately $115,000. Bank of New York Mellon Corp bought a new position in Consumer Portfolio Services in the second quarter valued at approximately $221,000. Finally, Janney Montgomery Scott LLC grew its stake in Consumer Portfolio Services by 3.4% in the first quarter. Janney Montgomery Scott LLC now owns 51,003 shares of the credit services provider’s stock valued at $394,000 after purchasing an additional 1,672 shares in the last quarter. 47.57% of the stock is currently owned by institutional investors and hedge funds.

Consumer Portfolio Services Company Profile

Consumer Portfolio Services, Inc (NASDAQ: CPSS) is a specialty finance company that provides indirect automobile financing to consumers, primarily those with limited or impaired credit histories. The company works with franchised and independent automobile dealers to arrange financing for purchasers of new and used vehicles.

Consumer Portfolio Services typically purchases retail installment sales contracts originated by its dealer partners and then services the related automotive loans.