Consumer Portfolio Services (NASDAQ:CPSS) Lowered to Buy Rating by StockNews.com

StockNews.com lowered shares of Consumer Portfolio Services (NASDAQ:CPSS - Free Report) from a strong-buy rating to a buy rating in a report published on Thursday.

Consumer Portfolio Services Stock Down 1.9 %

Shares of Consumer Portfolio Services stock traded down $0.21 on Thursday, hitting $10.65. The company had a trading volume of 26,471 shares, compared to its average volume of 31,353. Consumer Portfolio Services has a 1 year low of $7.03 and a 1 year high of $12.04. The company has a debt-to-equity ratio of 10.52, a quick ratio of 19.16 and a current ratio of 19.17. The stock has a 50 day moving average of $10.52 and a 200-day moving average of $9.73. The stock has a market capitalization of $227.96 million, a price-to-earnings ratio of 12.24 and a beta of 1.99.

Consumer Portfolio Services (NASDAQ:CPSS - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The credit services provider reported $0.20 EPS for the quarter, missing analysts' consensus estimates of $0.21 by ($0.01). The company had revenue of $100.58 million during the quarter, compared to analysts' expectations of $98.34 million. Consumer Portfolio Services had a net margin of 5.59% and a return on equity of 7.59%. As a group, sell-side analysts forecast that Consumer Portfolio Services will post 0.85 earnings per share for the current year.

Insider Buying and Selling

In other news, Director William B. Roberts sold 50,000 shares of Consumer Portfolio Services stock in a transaction on Monday, November 11th. The stock was sold at an average price of $10.76, for a total transaction of $538,000.00. Following the sale, the director now directly owns 850,078 shares in the company, valued at $9,146,839.28. The trade was a 5.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP April Crisp sold 2,500 shares of the business's stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $11.15, for a total transaction of $27,875.00. Following the completion of the transaction, the vice president now directly owns 17,212 shares in the company, valued at $191,913.80. This trade represents a 12.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 139,756 shares of company stock worth $1,482,459. 69.00% of the stock is owned by insiders.

Institutional Trading of Consumer Portfolio Services

Hedge funds have recently added to or reduced their stakes in the stock. Fisher Asset Management LLC purchased a new stake in shares of Consumer Portfolio Services during the 3rd quarter worth approximately $960,000. Segall Bryant & Hamill LLC bought a new position in Consumer Portfolio Services during the third quarter valued at $445,000. Barclays PLC increased its position in Consumer Portfolio Services by 297.6% in the third quarter. Barclays PLC now owns 11,794 shares of the credit services provider's stock worth $110,000 after buying an additional 8,828 shares during the last quarter. Empowered Funds LLC raised its stake in shares of Consumer Portfolio Services by 5.3% in 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 period. Finally, State Street Corp lifted its position in shares of Consumer Portfolio Services by 2.2% during the 3rd quarter. State Street Corp now owns 186,220 shares of the credit services provider's stock valued at $1,747,000 after buying an additional 3,922 shares during the last quarter. Institutional investors own 47.57% of the company's stock.

Consumer Portfolio Services Company Profile

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.