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 the stock from “sell” to “hold.” Despite these changes, the broader analyst consensus remains “Hold.”
• CPSS shares opened at $9.15, near their 50-day and 200-day moving averages, with a market capitalization of approximately $200.5 million and a P/E ratio of 9.95. The company recently reported quarterly EPS of $0.27 on revenue of $57.14 million.
• Insiders sold 137,500 shares worth roughly $1.3 million during the last quarter, although insiders still own 63.8% of the company. Institutional ownership stands at 47.57%, with BlackRock and Empowered Funds among investors that recently established positions.

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

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

Consumer Portfolio Services Stock Performance

Shares of NASDAQ:CPSS opened at $9.15 on Friday. The firm has a fifty day simple moving average of $9.30 and a two-hundred day simple moving average of $9.26. The company has a quick ratio of 5.67, a current ratio of 5.67 and a debt-to-equity ratio of 10.43. The stock has a market capitalization of $200.48 million, a P/E ratio of 9.95 and a beta of 1.14. Consumer Portfolio Services has a 52 week low of $7.39 and a 52 week high of $10.49.

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

Insider Transactions at Consumer Portfolio Services

In other Consumer Portfolio Services news, CEO Charles E. Bradley, Jr. sold 125,000 shares of the firm's stock in a transaction that occurred 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 sale, the chief executive officer directly owned 4,099,545 shares of the company's stock, valued at approximately $38,781,695.70. This trade represents a 2.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Noel Jackson sold 7,500 shares of the firm's stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $9.31, for a total value of $69,825.00. Following the completion of the transaction, the vice president owned 7,500 shares in the company, valued at approximately $69,825. This trade represents a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 137,500 shares of company stock worth $1,299,825 over the last quarter. 63.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Consumer Portfolio Services

A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new position in Consumer Portfolio Services during the second quarter worth about $6,297,000. Empowered Funds LLC purchased a new stake in Consumer Portfolio Services during the second quarter worth about $1,456,000. Janney Montgomery Scott LLC boosted its stake in shares of Consumer Portfolio Services by 3.4% in the first quarter. Janney Montgomery Scott LLC now owns 51,003 shares of the credit services provider's stock valued at $394,000 after purchasing an additional 1,672 shares during the period. Bank of New York Mellon Corp acquired a new position in shares of Consumer Portfolio Services in the second quarter valued at approximately $221,000. Finally, Deutsche Bank AG acquired a new stake in shares of Consumer Portfolio Services in the second quarter valued at $115,000. Hedge funds and other 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 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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