Consumer Portfolio Services (NASDAQ:CPSS) Rating Increased to Hold 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 morning,Wall Street Zen reports.

Separately, Weiss Ratings upgraded shares of 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 data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Consumer Portfolio Services Trading Down 3.1%

NASDAQ:CPSS opened at $9.34 on Friday. The stock has a market cap of $201.37 million, a PE ratio of 10.15 and a beta of 1.11. Consumer Portfolio Services has a fifty-two week low of $7.30 and a fifty-two week high of $10.49. The company has a debt-to-equity ratio of 10.43, a current ratio of 5.67 and a quick ratio of 5.67. The stock’s 50-day moving average is $9.34 and its two-hundred day moving average is $9.07.

Consumer Portfolio Services (NASDAQ:CPSS) last posted its quarterly earnings results on Tuesday, August 4th. The credit services provider reported $0.27 earnings per share (EPS) for the quarter. Consumer Portfolio Services had a net margin of 4.78% and a return on equity of 6.91%. The business had revenue of $57.14 million during the quarter.

Insider Buying and Selling at Consumer Portfolio Services

In other news, CEO Charles Bradley, Jr. sold 125,000 shares of Consumer Portfolio Services stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $9.46, for a total value of $1,182,500.00. Following the transaction, the chief executive officer owned 4,099,545 shares of the company’s stock, valued at $38,781,695.70. This trade represents a 2.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Noel Jackson sold 7,500 shares of Consumer Portfolio Services stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $9.31, for a total transaction of $69,825.00. Following the completion of the transaction, the vice president directly owned 7,500 shares in the company, valued at approximately $69,825. This represents a 50.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 137,500 shares of company stock worth $1,299,825 over the last 90 days. Insiders own 63.70% of the company’s stock.

Institutional Investors Weigh In On Consumer Portfolio Services

A number of hedge funds have recently bought and sold shares of CPSS. BlackRock Inc. acquired a new stake in shares of Consumer Portfolio Services in the second quarter valued at about $6,297,000. Empowered Funds LLC acquired a new position in shares of Consumer Portfolio Services during the 2nd quarter worth about $1,456,000. Janney Montgomery Scott LLC lifted its position in shares of Consumer Portfolio Services by 3.4% during the 1st 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. Bank of New York Mellon Corp bought a new stake in Consumer Portfolio Services during the 2nd quarter valued at approximately $221,000. Finally, Deutsche Bank AG bought a new stake in Consumer Portfolio Services during the 2nd quarter valued at approximately $115,000. 47.57% of the stock is currently owned by institutional investors.

About Consumer Portfolio Services

Consumer Portfolio Services, Inc (NASDAQ: CPSS) is a specialty finance company focused on automobile lending. The company provides financing to consumers who may have limited or impaired credit histories and primarily supports the purchase of used vehicles.

Consumer Portfolio Services generally originates business through an indirect lending model. It purchases and services retail installment sales contracts generated by franchised and independent automobile dealers, allowing dealers to offer financing to customers while transferring the contracts to the company.