Consumer Portfolio Services (NASDAQ:CPSS) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded Consumer Portfolio Services from “hold” to “buy,” while Weiss Ratings moved its view from “sell” to “hold.” MarketBeat’s analyst consensus remains “Hold.”
• CPSS shares were trading up 2.0% at $9.56, with a market capitalization of about $206 million. The company recently reported quarterly earnings of $0.27 per share on revenue of $57.14 million.
• Insiders sold $1.30 million of stock over the past 90 days, although insiders retain a 63.70% ownership stake. Institutional ownership stands at 47.57%, including new positions from BlackRock and Empowered Funds.

Consumer Portfolio Services (NASDAQ:CPSS - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a report issued on Sunday, Wall Street Zen reports.

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

Consumer Portfolio Services Trading Up 2.0%

NASDAQ:CPSS opened at $9.56 on Friday. Consumer Portfolio Services has a one year low of $7.30 and a one year high of $10.49. The company has a market cap of $206.11 million, a PE ratio of 10.39 and a beta of 1.11. The firm has a 50-day moving average of $9.36 and a 200-day moving average of $9.11. 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 posted its quarterly earnings data on Tuesday, August 4th. The credit services provider reported $0.27 earnings per share for the quarter. Consumer Portfolio Services had a return on equity of 6.91% and a net margin of 4.78%.The business had revenue of $57.14 million for the quarter.

Insider Buying and Selling

In other Consumer Portfolio Services news, VP Catrina Marie Ralston sold 3,617 shares of the business's stock in a transaction 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 sale, the vice president directly owned 68,262 shares of the company's stock, valued at approximately $648,489. The trade was a 5.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Charles E. Bradley, Jr. sold 125,000 shares of the stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $9.46, for a total value of $1,182,500.00. Following the completion of the sale, the chief executive officer directly owned 4,099,545 shares in the company, valued at approximately $38,781,695.70. This represents a 2.96% 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 90 days. Insiders own 63.70% of the company's stock.

Hedge Funds Weigh In On Consumer Portfolio Services

Hedge funds have recently bought and sold shares of the company. BlackRock Inc. bought a new stake in shares of Consumer Portfolio Services in the second quarter worth approximately $6,297,000. Empowered Funds LLC purchased a new stake in Consumer Portfolio Services in the second quarter worth approximately $1,456,000. Janney Montgomery Scott LLC grew its position in Consumer Portfolio Services by 3.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 51,003 shares of the credit services provider's stock worth $394,000 after purchasing an additional 1,672 shares during the period. Bank of New York Mellon Corp bought a new stake in Consumer Portfolio Services in the 2nd quarter worth approximately $221,000. Finally, Deutsche Bank AG bought a new stake in Consumer Portfolio Services in the 2nd quarter worth approximately $115,000. Institutional investors own 47.57% of the company's stock.

About Consumer Portfolio Services

Consumer Portfolio Services, Inc NASDAQ: CPSS is a specialty finance company focused on automobile lending. The company provides financing to consumers who may have limited or impaired credit histories and primarily supports the purchase of used vehicles.

Consumer Portfolio Services generally originates business through an indirect lending model. It purchases and services retail installment sales contracts generated by franchised and independent automobile dealers, allowing dealers to offer financing to customers while transferring the contracts to the company.

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