StockNews.com downgraded shares of Consumer Portfolio Services (NASDAQ:CPSS - Free Report) from a strong-buy rating to a buy rating in a research report sent to investors on Sunday morning.
Consumer Portfolio Services Trading Down 1.1 %
CPSS stock traded down $0.12 during trading on Friday, hitting $10.46. The company had a trading volume of 55,373 shares, compared to its average volume of 31,778. The firm has a market capitalization of $223.90 million, a P/E ratio of 12.02 and a beta of 1.99. The company has a quick ratio of 19.16, a current ratio of 19.17 and a debt-to-equity ratio of 10.52. Consumer Portfolio Services has a 52-week low of $7.03 and a 52-week high of $12.04. The company has a 50 day simple moving average of $10.36 and a 200-day simple moving average of $9.62.
Consumer Portfolio Services (NASDAQ:CPSS - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The credit services provider reported $0.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.21 by ($0.01). The firm 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, research analysts forecast that Consumer Portfolio Services will post 0.85 earnings per share for the current fiscal year.
Insider Buying and Selling at Consumer Portfolio Services
In other Consumer Portfolio Services news, Director Greg Washer sold 10,981 shares of Consumer Portfolio Services stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $11.06, for a total value of $121,449.86. Following the transaction, the director now directly owns 265,000 shares of the company's stock, valued at approximately $2,930,900. The trade was a 3.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP April Crisp sold 2,500 shares of the company's stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $11.15, for a total value of $27,875.00. Following the transaction, the vice president now directly owns 17,212 shares in the company, valued at approximately $191,913.80. The trade was a 12.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 139,756 shares of company stock valued at $1,482,459. Company insiders own 69.00% of the company's stock.
Institutional Trading of Consumer Portfolio Services
Large investors have recently bought and sold shares of the stock. State Street Corp lifted its stake in shares of Consumer Portfolio Services by 2.2% during the third quarter. State Street Corp now owns 186,220 shares of the credit services provider's stock worth $1,747,000 after buying an additional 3,922 shares during the period. Empowered Funds LLC grew its stake in Consumer Portfolio Services by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 142,520 shares of the credit services provider's stock valued at $1,337,000 after purchasing an additional 7,236 shares during the last quarter. Fisher Asset Management LLC acquired a new position in shares of Consumer Portfolio Services in the third quarter valued at about $960,000. Bank of New York Mellon Corp raised its stake in shares of Consumer Portfolio Services by 1.4% in the second quarter. Bank of New York Mellon Corp now owns 99,481 shares of the credit services provider's stock worth $975,000 after purchasing an additional 1,343 shares during the last quarter. Finally, Segall Bryant & Hamill LLC acquired a new stake in shares of Consumer Portfolio Services during the third quarter worth about $445,000. Hedge funds and other institutional investors own 47.57% of the company's stock.
About Consumer Portfolio Services
(
Get Free Report)
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.
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