Consumer Portfolio Services Inc. (CPSS) Sees Large Volume Increase
Consumer Portfolio Services Inc. (NASDAQ:CPSS) shares saw strong trading volume on Monday . 146,801 shares traded hands during mid-day trading, an increase of 57% from the previous session’s volume of 93,396 shares.The stock last traded at $4.42 and had previously closed at $4.24.
A number of equities research analysts have recently issued reports on the stock. Jefferies Group restated a “buy” rating on shares of Consumer Portfolio Services in a research note on Tuesday, April 26th. Zacks Investment Research lowered shares of Consumer Portfolio Services from a “buy” rating to a “hold” rating in a research note on Monday. Finally, Compass Point dropped their price objective on shares of Consumer Portfolio Services from $5.50 to $5.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 27th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. Consumer Portfolio Services currently has an average rating of “Hold” and a consensus target price of $5.25.
The firm has a 50 day moving average of $3.83 and a 200-day moving average of $4.04. The firm has a market cap of $113.35 million and a PE ratio of 4.23.
Consumer Portfolio Services (NASDAQ:CPSS) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.03. Equities research analysts expect that Consumer Portfolio Services Inc. will post $0.96 EPS for the current year.
In other news, major shareholder Second Curve Capital Llc sold 37,000 shares of the firm’s stock in a transaction dated Wednesday, May 4th. The shares were sold at an average price of $3.78, for a total transaction of $139,860.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
An institutional investor recently raised its position in Consumer Portfolio Services stock. Dimensional Fund Advisors LP raised its position in Consumer Portfolio Services Inc. (NASDAQ:CPSS) by 79.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,039,699 shares of the company’s stock after buying an additional 904,999 shares during the period. Dimensional Fund Advisors LP owned 7.86% of Consumer Portfolio Services worth $10,586,000 at the end of the most recent quarter.
Consumer Portfolio Services, Inc is a specialty finance company. The Company’s business is to purchase and service retail automobile contracts originated primarily by franchised automobile dealers and by select independent dealers in the United States in the sale of new and used automobiles, light trucks and passenger vans.
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