Consumer Portfolio Services (NASDAQ:CPSS - Get Free Report) was upgraded by StockNews.com from a "buy" rating to a "strong-buy" rating in a note issued to investors on Saturday.
Consumer Portfolio Services Stock Performance
Shares of NASDAQ CPSS traded up $0.26 during trading on Friday, reaching $9.67. 913 shares of the company traded hands, compared to its average volume of 32,754. The firm has a 50 day simple moving average of $10.97 and a 200-day simple moving average of $10.27. Consumer Portfolio Services has a 52-week low of $7.03 and a 52-week high of $12.73. The stock has a market capitalization of $206.99 million, a PE ratio of 11.11 and a beta of 2.14. 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 issued its earnings results on Tuesday, February 25th. The credit services provider reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.06). The company had revenue of $105.30 million during the quarter, compared to analysts' expectations of $102.37 million. Consumer Portfolio Services had a return on equity of 7.59% and a net margin of 5.59%. Equities research analysts anticipate that Consumer Portfolio Services will post 0.85 earnings per share for the current year.
Insider Buying and Selling at Consumer Portfolio Services
In other Consumer Portfolio Services news, Director William B. Roberts sold 6,259 shares of the company's stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $9.41, for a total transaction of $58,897.19. Following the completion of the sale, the director now directly owns 690,078 shares of the company's stock, valued at approximately $6,493,633.98. This represents a 0.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP April Crisp sold 2,500 shares of the stock in a transaction that occurred on 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 owns 17,212 shares in the company, valued at $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. Over the last 90 days, insiders have sold 9,293 shares of company stock valued at $91,792. 69.00% of the stock is owned by company insiders.
Hedge Funds Weigh In On Consumer Portfolio Services
Institutional investors have recently bought and sold shares of the stock. Wells Fargo & Company MN grew its holdings in Consumer Portfolio Services by 25.2% during the fourth quarter. Wells Fargo & Company MN now owns 4,883 shares of the credit services provider's stock valued at $53,000 after purchasing an additional 984 shares during the period. Barclays PLC increased its holdings in Consumer Portfolio Services by 11.5% in the 4th 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 in the last quarter. Bank of America Corp DE raised its stake in 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 worth $145,000 after acquiring an additional 2,383 shares during the period. Geode Capital Management LLC raised its stake in Consumer Portfolio Services by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 193,181 shares of the credit services provider's stock worth $2,098,000 after acquiring an additional 2,411 shares during the period. Finally, Empowered Funds LLC lifted its holdings in Consumer Portfolio Services by 1.9% during the fourth quarter. Empowered Funds LLC now owns 145,220 shares of the credit services provider's stock valued at $1,577,000 after purchasing an additional 2,700 shares in the last quarter. 47.57% of the stock is owned by institutional investors.
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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