Consumer Portfolio Services (NASDAQ:CPSS) Raised to Strong-Buy at StockNews.com

Consumer Portfolio Services (NASDAQ:CPSS) was upgraded by investment analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report released on Saturday.

Consumer Portfolio Services Trading Up 1.1 %

Shares of NASDAQ:CPSS opened at $11.01 on Friday. The company has a current ratio of 19.17, a quick ratio of 19.16 and a debt-to-equity ratio of 10.52. The stock has a market capitalization of $235.72 million, a PE ratio of 12.66 and a beta of 1.99. Consumer Portfolio Services has a 1 year low of $7.03 and a 1 year high of $12.04. The firm has a fifty day moving average price of $10.23 and a 200 day moving average price of $9.51.

Consumer Portfolio Services (NASDAQ:CPSS) last released its quarterly earnings results on Thursday, October 31st. The credit services provider reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.01). The company had revenue of $100.58 million for the quarter, compared to the consensus estimate of $98.34 million. Consumer Portfolio Services had a return on equity of 7.59% and a net margin of 5.59%. Analysts expect that Consumer Portfolio Services will post 0.85 EPS for the current fiscal year.

Insider Buying and Selling at Consumer Portfolio Services

In related news, Director Greg Washer sold 40,000 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $9.50, for a total transaction of $380,000.00. Following the completion of the transaction, the director now owns 275,981 shares of the company’s stock, valued at approximately $2,621,819.50. The trade was a 12.66 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP John Patrick Harton sold 10,000 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $9.50, for a total value of $95,000.00. Following the sale, the vice president now owns 255,604 shares of the company’s stock, valued at approximately $2,428,238. The trade was a 3.77 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 187,256 shares of company stock worth $1,929,584 over the last 90 days. Insiders own 69.00% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Barclays PLC increased its position in Consumer Portfolio Services by 297.6% during the third quarter. Barclays PLC now owns 11,794 shares of the credit services provider’s stock worth $110,000 after acquiring an additional 8,828 shares during the period. State Street Corp grew its position in Consumer Portfolio Services by 2.2% in the 3rd quarter. State Street Corp now owns 186,220 shares of the credit services provider’s stock worth $1,747,000 after purchasing an additional 3,922 shares during the last quarter. Fisher Asset Management LLC acquired a new stake in Consumer Portfolio Services in the 3rd quarter worth $960,000. Segall Bryant & Hamill LLC bought a new position in shares of Consumer Portfolio Services during the 3rd quarter worth about $445,000. Finally, Empowered Funds LLC raised its position in shares of Consumer Portfolio Services by 5.3% during the third quarter. Empowered Funds LLC now owns 142,520 shares of the credit services provider’s stock valued at $1,337,000 after buying an additional 7,236 shares during the last quarter. 47.57% of the stock is currently owned by institutional investors and hedge funds.

About Consumer Portfolio Services

Consumer Portfolio Services, Inc operates as a specialty finance company in the United States. It is involved in the purchase and service of 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.