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

Consumer Portfolio Services (NASDAQ:CPSS - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "strong-buy" rating to a "buy" rating in a research note issued to investors on Wednesday.

Consumer Portfolio Services Stock Down 7.1 %

Shares of Consumer Portfolio Services stock traded down $0.81 on Wednesday, reaching $10.52. The stock had a trading volume of 15,365 shares, compared to its average volume of 28,635. Consumer Portfolio Services has a 1 year low of $7.03 and a 1 year high of $12.73. The company has a 50 day moving average price of $11.15 and a 200 day moving average price of $10.17. The company has a quick ratio of 19.16, a current ratio of 19.17 and a debt-to-equity ratio of 10.52. The stock has a market capitalization of $225.18 million, a P/E ratio of 12.09 and a beta of 1.98.

Insiders Place Their Bets

In related news, VP April Crisp sold 2,500 shares of Consumer Portfolio Services 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 sale, the vice president now owns 17,212 shares of the company's stock, valued at $191,913.80. The trade was a 12.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director William B. Roberts sold 10,000 shares of the business's stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $10.33, for a total transaction of $103,300.00. Following the transaction, the director now owns 724,803 shares of the company's stock, valued at $7,487,214.99. This represents a 1.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 37,775 shares of company stock valued at $397,149. Insiders own 69.00% of the company's stock.

Institutional Investors Weigh In On Consumer Portfolio Services

Several hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE increased its holdings in shares of Consumer Portfolio Services by 21.8% during the 4th quarter. Bank of America Corp DE now owns 13,335 shares of the credit services provider's stock valued at $145,000 after purchasing an additional 2,383 shares in the last quarter. Northern Trust Corp increased its holdings in Consumer Portfolio Services by 7.4% in the fourth quarter. Northern Trust Corp now owns 85,755 shares of the credit services provider's stock valued at $931,000 after buying an additional 5,882 shares in the last quarter. Barclays PLC raised its position in shares of Consumer Portfolio Services by 11.5% in the fourth quarter. Barclays PLC now owns 13,147 shares of the credit services provider's stock worth $143,000 after acquiring an additional 1,353 shares during the period. Wells Fargo & Company MN grew its position in shares of Consumer Portfolio Services by 25.2% during the 4th quarter. Wells Fargo & Company MN now owns 4,883 shares of the credit services provider's stock valued at $53,000 after acquiring an additional 984 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Consumer Portfolio Services by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 193,181 shares of the credit services provider's stock valued at $2,098,000 after purchasing an additional 2,411 shares in the last quarter. Hedge funds and other institutional investors own 47.57% of the company's stock.

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.