Separately, Zacks Investment Research lowered Consumer Portfolio Services from a hold rating to a sell rating in a research report on Thursday, April 25th.
Shares of Consumer Portfolio Services stock traded down $0.05 on Wednesday, hitting $3.59. 17,693 shares of the company’s stock traded hands, compared to its average volume of 20,258. The stock has a market cap of $79.45 million, a P/E ratio of 7.04 and a beta of 1.55. The company has a current ratio of 14.18, a quick ratio of 14.27 and a debt-to-equity ratio of 10.91. Consumer Portfolio Services has a 52-week low of $2.99 and a 52-week high of $4.65.
Consumer Portfolio Services (NASDAQ:CPSS) last posted its quarterly earnings results on Thursday, April 18th. The credit services provider reported $0.07 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.09). The firm had revenue of $88.23 million for the quarter, compared to analyst estimates of $93.65 million. Consumer Portfolio Services had a net margin of 3.59% and a return on equity of 5.84%. As a group, equities analysts predict that Consumer Portfolio Services will post 0.38 earnings per share for the current fiscal year.
In related news, Director Brian Rayhill sold 24,500 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $4.20, for a total transaction of $102,900.00. Following the sale, the director now directly owns 52,337 shares of the company’s stock, valued at approximately $219,815.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 46.20% of the company’s stock.
Several hedge funds have recently bought and sold shares of the stock. O Shaughnessy Asset Management LLC acquired a new stake in shares of Consumer Portfolio Services during the 1st quarter valued at approximately $63,000. Dimensional Fund Advisors LP increased its position in Consumer Portfolio Services by 1.2% in the first quarter. Dimensional Fund Advisors LP now owns 1,820,411 shares of the credit services provider’s stock worth $6,353,000 after buying an additional 21,315 shares during the period. Acadian Asset Management LLC increased its position in Consumer Portfolio Services by 52.5% in the first quarter. Acadian Asset Management LLC now owns 25,668 shares of the credit services provider’s stock worth $90,000 after buying an additional 8,841 shares during the period. Bailard Inc. acquired a new stake in Consumer Portfolio Services in the first quarter worth $88,000. Finally, Brandywine Global Investment Management LLC acquired a new stake in Consumer Portfolio Services in the fourth quarter worth $26,000. 50.52% of the stock is currently owned by institutional investors and hedge funds.
Consumer Portfolio Services Company Profile
Consumer Portfolio Services, Inc operates as a specialty finance company in the United States. It purchases and services retail automobile contracts originated by franchised automobile dealers and select independent dealers in the sale of new and used automobiles, light trucks, and passenger vans. The company, through its automobile contract purchases, offers indirect financing to the customers of dealers with limited credit histories, low incomes, or past credit problems.
Recommended Story: Different Options Trading Strategies
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for Consumer Portfolio Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Consumer Portfolio Services and related companies with MarketBeat.com's FREE daily email newsletter.