Consumer Portfolio Services (NASDAQ:CPSS) Raised to Buy at Wall Street Zen

Consumer Portfolio Services (NASDAQ:CPSS) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

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

Consumer Portfolio Services Price Performance

NASDAQ:CPSS opened at $10.17 on Friday. The business’s 50-day moving average price is $9.40 and its 200 day moving average price is $9.05. The firm has a market cap of $222.21 million, a P/E ratio of 9.97 and a beta of 1.10. Consumer Portfolio Services has a 52-week low of $7.46 and a 52-week high of $10.49. The company has a quick ratio of 5.79, a current ratio of 5.79 and a debt-to-equity ratio of 11.33.

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. Consumer Portfolio Services had a net margin of 4.99% and a return on equity of 7.48%. The firm had revenue of $61.39 million for the quarter.

Insider Activity

In other news, CEO Charles Bradley, Jr. sold 200,000 shares of the firm’s stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $10.14, for a total transaction of $2,028,000.00. Following the completion of the sale, the chief executive officer directly owned 3,899,545 shares of the company’s stock, valued at $39,541,386.30. This trade represents a 4.88% decrease in their position. The transaction 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 on Wednesday, August 12th. The stock was 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 of the company’s stock, valued at approximately $648,489. This represents a 5.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 336,117 shares of company stock worth $3,314,686. Insiders own 63.80% of the company’s stock.

Institutional Investors Weigh In On Consumer Portfolio Services

Several hedge funds have recently modified their holdings of the stock. Deutsche Bank AG acquired a new stake in Consumer Portfolio Services during the 2nd quarter worth about $115,000. Bank of New York Mellon Corp purchased a new stake in Consumer Portfolio Services during the second quarter valued at about $221,000. Janney Montgomery Scott LLC lifted its stake in 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 in the last quarter. Russell Investments Group Ltd. lifted its stake in Consumer Portfolio Services by 398.7% during the third quarter. Russell Investments Group Ltd. now owns 74,080 shares of the credit services provider’s stock valued at $679,000 after buying an additional 59,226 shares in the last quarter. Finally, Empowered Funds LLC acquired a new position in shares of Consumer Portfolio Services in the second quarter worth about $1,456,000. 47.57% of the stock is owned by hedge funds and other institutional investors.

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.