Wall Street Zen Upgrades Consumer Portfolio Services (NASDAQ:CPSS) to Hold

Key Points

• Wall Street Zen upgraded Consumer Portfolio Services to “Hold,” following Weiss Ratings’ move from “Sell (D+)” to “Hold (C-).” MarketBeat reports the stock’s overall analyst rating is currently “Hold.”
• CPSS opened at $9.34, down 3.1%, with a market capitalization of approximately $201.4 million. The company most recently reported quarterly EPS of $0.27 on revenue of $57.14 million.
• Insiders sold 137,500 shares worth about $1.3 million over the past 90 days, including sales by the CEO and a vice president. Institutional ownership stands at 47.57%, with BlackRock and other investors recently establishing or increasing positions.

Consumer Portfolio Services (NASDAQ:CPSS - Get Free Report) was upgraded by equities researchers at Wall Street Zen to a "hold" rating in a note issued to investors on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings upgraded shares of Consumer Portfolio Services from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Monday. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, Consumer Portfolio Services presently has an average rating of "Hold".

Consumer Portfolio Services Trading Down 3.1%

Consumer Portfolio Services stock opened at $9.34 on Friday. The stock has a 50-day moving average price of $9.34 and a 200 day moving average price of $9.07. The company has a market capitalization of $201.37 million, a price-to-earnings ratio of 10.15 and a beta of 1.11. Consumer Portfolio Services has a 52 week low of $7.30 and a 52 week high of $10.49. The company has a quick ratio of 5.67, a current ratio of 5.67 and a debt-to-equity ratio of 10.43.

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

Insider Buying and Selling at Consumer Portfolio Services

In other news, VP Catrina Marie Ralston sold 3,617 shares of the firm's stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $9.50, for a total transaction of $34,361.50. Following the sale, the vice president owned 68,262 shares of the company's stock, valued at $648,489. This trade represents a 5.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Charles E. Bradley, Jr. sold 125,000 shares of Consumer Portfolio Services stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $9.46, for a total transaction of $1,182,500.00. Following the transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 137,500 shares of company stock valued at $1,299,825. 63.70% of the stock is owned by company insiders.

Institutional Trading of Consumer Portfolio Services

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in Consumer Portfolio Services in the second quarter valued at $6,297,000. Empowered Funds LLC acquired a new stake in shares of Consumer Portfolio Services during the 2nd quarter valued at about $1,456,000. Janney Montgomery Scott LLC increased its stake in shares of 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 valued at $394,000 after purchasing an additional 1,672 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in Consumer Portfolio Services in the 2nd quarter worth about $221,000. Finally, Deutsche Bank AG purchased a new position in Consumer Portfolio Services during the second quarter worth approximately $115,000. Institutional investors and hedge funds own 47.57% of the company's stock.

Consumer Portfolio Services Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.