StockNews.com upgraded shares of Consumer Portfolio Services (NASDAQ:CPSS - Free Report) from a buy rating to a strong-buy rating in a report released on Saturday.
Consumer Portfolio Services Stock Performance
CPSS stock traded up $0.12 during midday trading on Friday, reaching $11.01. The company had a trading volume of 28,698 shares, compared to its average volume of 31,776. The firm has a market capitalization of $235.72 million, a PE ratio of 12.66 and a beta of 1.99. The stock has a 50 day moving average price of $10.23 and a 200 day moving average price of $9.52. Consumer Portfolio Services has a fifty-two week low of $7.03 and a fifty-two week high of $12.04. 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 (NASDAQ:CPSS - Get Free Report) last released its quarterly earnings data 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). Consumer Portfolio Services had a net margin of 5.59% and a return on equity of 7.59%. The company had revenue of $100.58 million for the quarter, compared to analyst estimates of $98.34 million. Analysts anticipate that Consumer Portfolio Services will post 0.85 earnings per share for the current year.
Insider Buying and Selling
In other Consumer Portfolio Services news, Director Greg Washer sold 40,000 shares of the business's stock in a transaction on 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 in the company, valued at approximately $2,621,819.50. The trade was a 12.66 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director William B. Roberts sold 50,000 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $10.76, for a total value of $538,000.00. Following the completion of the transaction, the director now directly owns 850,078 shares of the company's stock, valued at approximately $9,146,839.28. The trade was a 5.56 % 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 valued at $1,929,584 in the last quarter. Company insiders own 69.00% of the company's stock.
Institutional Investors Weigh In On Consumer Portfolio Services
Several institutional investors have recently bought and sold shares of the stock. Barclays PLC lifted 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 purchasing an additional 8,828 shares during the period. Segall Bryant & Hamill LLC bought a new stake in shares of Consumer Portfolio Services in the 3rd quarter worth $445,000. Fisher Asset Management LLC acquired a new stake in shares of Consumer Portfolio Services in the third quarter valued at $960,000. Bank of New York Mellon Corp boosted its stake in Consumer Portfolio Services by 1.4% during the second quarter. Bank of New York Mellon Corp now owns 99,481 shares of the credit services provider's stock valued at $975,000 after buying an additional 1,343 shares in the last quarter. Finally, Empowered Funds LLC boosted its stake in 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 in the last quarter. Institutional investors and hedge funds 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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