Consumer Portfolio Services (NASDAQ:CPSS) Cut to "Hold" at Wall Street Zen

Key Points

• Wall Street Zen downgraded Consumer Portfolio Services from “Buy” to “Hold,” while Weiss Ratings separately raised its assessment from “Sell (D+)” to “Hold (C-).” The stock has a consensus “Hold” rating.
• CPSS shares opened at $9.09, with a market capitalization of approximately $199 million and a price-to-earnings ratio of 9.88. In its latest quarter, the company reported $0.27 in EPS and $57.14 million in revenue.
• Insiders sold 137,500 shares worth roughly $1.3 million over the past three months, while institutional investors own 47.57% of the stock; insiders retain a 63.8% ownership stake.

Consumer Portfolio Services (NASDAQ:CPSS - Get Free Report) was downgraded by Wall Street Zen from a "buy" rating to a "hold" rating in a note issued to investors on Monday, Wall Street Zen reports.

Separately, Weiss Ratings raised Consumer Portfolio Services from a "sell (d+)" rating to a "hold (c-)" rating in a report on Monday, September 14th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of "Hold".

Consumer Portfolio Services Stock Performance

Shares of Consumer Portfolio Services stock opened at $9.09 on Monday. The company's fifty day simple moving average is $9.35 and its 200-day simple moving average is $9.17. The stock has a market capitalization of $199.16 million, a PE ratio of 9.88 and a beta of 1.14. Consumer Portfolio Services has a 1-year low of $7.39 and a 1-year high of $10.49. The company has a debt-to-equity ratio of 10.43, a current ratio of 5.67 and a quick ratio of 5.67.

Consumer Portfolio Services (NASDAQ:CPSS - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The credit services provider reported $0.27 earnings per share (EPS) for the quarter. Consumer Portfolio Services had a net margin of 4.78% and a return on equity of 6.91%. The firm had revenue of $57.14 million during the quarter.

Insider Activity

In related news, VP Noel Jackson sold 7,500 shares of Consumer Portfolio Services stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $9.31, for a total transaction of $69,825.00. Following the sale, the vice president owned 7,500 shares of the company's stock, valued at approximately $69,825. This trade represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Catrina Marie Ralston sold 3,617 shares of the business's stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $9.50, for a total value of $34,361.50. Following the completion of the transaction, the vice president directly owned 68,262 shares in the company, valued at approximately $648,489. This represents a 5.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 137,500 shares of company stock worth $1,299,825 in the last three months. Company insiders own 63.80% of the company's stock.

Institutional Investors Weigh In On Consumer Portfolio Services

Several institutional investors have recently modified their holdings of CPSS. Deutsche Bank AG purchased a new position in Consumer Portfolio Services during the second quarter valued at approximately $115,000. Bank of New York Mellon Corp purchased a new stake in Consumer Portfolio Services during the second quarter worth $221,000. Janney Montgomery Scott LLC lifted its holdings in Consumer Portfolio Services by 3.4% during the first quarter. Janney Montgomery Scott LLC now owns 51,003 shares of the credit services provider's stock worth $394,000 after buying an additional 1,672 shares during the period. Empowered Funds LLC bought a new stake in Consumer Portfolio Services during the 2nd quarter valued at $1,456,000. Finally, BlackRock Inc. bought a new stake in Consumer Portfolio Services during the 2nd quarter valued at $6,297,000. 47.57% of the stock is owned by institutional investors.

About Consumer Portfolio Services

Consumer Portfolio Services, Inc NASDAQ: CPSS is a specialty finance company that provides automobile financing to consumers, including borrowers who may have limited or impaired credit histories. The company primarily operates through an indirect lending model, purchasing retail installment sales contracts originated by automobile dealerships and providing financing for the purchase of new and used vehicles.

Consumer Portfolio Services funds its lending activities through a combination of debt financing and the securitization of automobile receivables.

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