Consumer Portfolio Services (NASDAQ:CPSS) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Consumer Portfolio Services (NASDAQ:CPSS) to a hold rating in a report released on Saturday.

Separately, Weiss Ratings raised shares of Consumer Portfolio Services from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, July 1st. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, Consumer Portfolio Services has an average rating of “Hold”.

Consumer Portfolio Services Stock Performance

Shares of Consumer Portfolio Services stock opened at $8.97 on Friday. Consumer Portfolio Services has a 12 month low of $6.67 and a 12 month high of $10.49. The firm has a market capitalization of $194.65 million, a P/E ratio of 10.55 and a beta of 1.13. The company has a current ratio of 7.48, a quick ratio of 7.48 and a debt-to-equity ratio of 10.18. The business has a fifty day simple moving average of $9.56 and a two-hundred day simple moving average of $8.86.

Consumer Portfolio Services (NASDAQ:CPSS) last released its earnings results on Tuesday, May 5th. The credit services provider reported $0.24 earnings per share for the quarter. The firm had revenue of $52.27 million for the quarter. Consumer Portfolio Services had a net margin of 4.58% and a return on equity of 6.54%. On average, equities analysts forecast that Consumer Portfolio Services will post 1.45 earnings per share for the current fiscal year.

Insider Activity

In other news, VP Noel Jackson sold 7,000 shares of the stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $9.63, for a total transaction of $67,410.00. Following the sale, the vice president owned 7,000 shares in the company, valued at $67,410. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 63.70% of the company’s stock.

Hedge Funds Weigh In On Consumer Portfolio Services

Hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its position in Consumer Portfolio Services by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 221,565 shares of the credit services provider’s stock valued at $2,067,000 after acquiring an additional 3,604 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of Consumer Portfolio Services by 3.8% in the 1st 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. Russell Investments Group Ltd. increased its holdings in shares of Consumer Portfolio Services by 6,347.2% in the 4th quarter. Russell Investments Group Ltd. now owns 97,740 shares of the credit services provider’s stock worth $912,000 after purchasing an additional 96,224 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in shares of 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 worth $394,000 after purchasing an additional 1,672 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Consumer Portfolio Services by 17.8% during the first quarter. Goldman Sachs Group Inc. now owns 31,752 shares of the credit services provider’s stock valued at $275,000 after purchasing an additional 4,789 shares in the last quarter. 47.57% of the stock is currently owned by hedge funds and other institutional investors.

Consumer Portfolio Services Company Profile

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.