Consumer Portfolio Services (NASDAQ:CPSS) Releases Earnings Results

Consumer Portfolio Services (NASDAQ:CPSS) released its quarterly earnings data on Tuesday. The credit services provider reported $0.24 earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of $52.27 million for the quarter. Consumer Portfolio Services had a return on equity of 6.34% and a net margin of 4.45%.

Consumer Portfolio Services Price Performance

NASDAQ:CPSS traded up $0.01 during trading hours on Tuesday, reaching $9.92. The company had a trading volume of 36,092 shares, compared to its average volume of 19,392. The stock has a 50-day moving average of $8.13 and a two-hundred day moving average of $8.44. Consumer Portfolio Services has a one year low of $6.67 and a one year high of $10.22. The firm has a market capitalization of $215.86 million, a PE ratio of 12.40 and a beta of 1.11. The company has a quick ratio of 9.81, a current ratio of 9.81 and a debt-to-equity ratio of 10.20.

Insiders Place Their Bets

In other Consumer Portfolio Services news, Director Daniel S. Wood sold 20,000 shares of the company’s stock in a transaction on Friday, March 13th. The stock was sold at an average price of $7.53, for a total value of $150,600.00. Following the sale, the director directly owned 194,943 shares in the company, valued at $1,467,920.79. This represents a 9.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 63.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Consumer Portfolio Services

A number of institutional investors and hedge funds have recently bought and sold shares of CPSS. Goldman Sachs Group Inc. boosted its stake in 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 in the last quarter. Empowered Funds LLC boosted its stake in 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 worth $1,308,000 after purchasing an additional 5,588 shares in the last quarter. Geode Capital Management LLC boosted its stake in Consumer Portfolio Services by 8.5% in the second quarter. Geode Capital Management LLC now owns 212,555 shares of the credit services provider’s stock worth $2,090,000 after purchasing an additional 16,563 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Consumer Portfolio Services by 17.4% in the third quarter. JPMorgan Chase & Co. now owns 15,739 shares of the credit services provider’s stock worth $119,000 after purchasing an additional 2,333 shares in the last quarter. Finally, Citadel Advisors LLC acquired a new position in Consumer Portfolio Services in the third quarter worth $163,000. Institutional investors and hedge funds own 47.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded Consumer Portfolio Services from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Consumer Portfolio Services presently has a consensus rating of “Sell”.

About Consumer Portfolio Services

Consumer Portfolio Services, Inc is a specialty finance company focused on originating and servicing retail installment contracts for the automotive industry. The company primarily serves subprime and near-prime borrowers by partnering with a network of franchised and independent auto dealers across the United States. By providing flexible financing solutions, CPS seeks to expand vehicle ownership opportunities for customers who may not qualify for traditional prime auto loans.

CPS operates through two principal segments: loan origination and servicing.