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

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

Consumer Portfolio Services Price Performance

Shares of NASDAQ CPSS traded down $0.17 during midday trading on Tuesday, reaching $10.86. 8,578 shares of the stock traded hands, compared to its average volume of 27,035. The company's 50 day moving average is $10.70 and its 200 day moving average is $9.86. Consumer Portfolio Services has a one year low of $7.03 and a one year high of $12.04. The company has a debt-to-equity ratio of 10.52, a current ratio of 19.17 and a quick ratio of 19.16. The stock has a market capitalization of $232.46 million, a PE ratio of 12.48 and a beta of 1.98.

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 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 business had revenue of $100.58 million during the quarter, compared to the consensus estimate of $98.34 million. On average, equities research analysts anticipate that Consumer Portfolio Services will post 0.85 earnings per share for the current year.

Insider Transactions at Consumer Portfolio Services

In other Consumer Portfolio Services news, Director William B. Roberts sold 15,000 shares of the firm's stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $10.45, for a total transaction of $156,750.00. Following the transaction, the director now owns 700,078 shares of the company's stock, valued at approximately $7,315,815.10. This trade represents a 2.10 % 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 shares were 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 approximately $191,913.80. This represents a 12.68 % decrease in their position. 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. Insiders own 69.00% of the company's stock.

Institutional Investors Weigh In On Consumer Portfolio Services

A number of hedge funds have recently made changes to their positions in the stock. Segall Bryant & Hamill LLC acquired a new position in shares of Consumer Portfolio Services during the third quarter worth $445,000. State Street Corp increased its position in 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 in the last quarter. Barclays PLC raised its stake 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 valued at $110,000 after buying an additional 8,828 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in 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 acquiring an additional 1,343 shares in the last quarter. Finally, Fisher Asset Management LLC acquired a new stake in Consumer Portfolio Services in the third quarter worth about $960,000. 47.57% of the stock is currently owned by hedge funds and other institutional investors.

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.

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