Consumer Portfolio Services Inc. (CPSS) Sees Unusually-High Trading Volume
Shares of Consumer Portfolio Services Inc. (NASDAQ:CPSS) saw unusually-high trading volume on Monday . Approximately 60,124 shares changed hands during trading, an increase of 5% from the previous session’s volume of 57,463 shares.The stock last traded at $3.76 and had previously closed at $3.96.
CPSS has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Consumer Portfolio Services from a “sell” rating to a “hold” rating in a research report on Monday, May 2nd. Jefferies Group reiterated a “buy” rating on shares of Consumer Portfolio Services in a research report on Tuesday, April 26th. Finally, Compass Point dropped their price target on shares of Consumer Portfolio Services from $5.50 to $5.00 and set a “neutral” rating for the company in a research report on Wednesday, April 27th. One analyst has rated the stock with a sell rating, three have assigned 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 an average price target of $5.25.
The firm has a 50-day moving average price of $3.82 and a 200-day moving average price of $4.08. The stock has a market capitalization of $96.02 million and a price-to-earnings ratio of 3.59.
Consumer Portfolio Services (NASDAQ:CPSS) last announced its quarterly earnings results on Monday, April 25th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.01. The firm had revenue of $100.60 million for the quarter, compared to analyst estimates of $100.30 million. Equities research analysts anticipate that Consumer Portfolio Services Inc. will post $0.95 EPS for the current year.
In other news, major shareholder Second Curve Capital Llc sold 15,000 shares of the business’s stock in a transaction dated Friday, April 22nd. The shares were sold at an average price of $4.34, for a total transaction of $65,100.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
A hedge fund recently raised its stake in Consumer Portfolio Services stock. Dimensional Fund Advisors LP boosted its stake in shares of Consumer Portfolio Services Inc. (NASDAQ:CPSS) by 79.8% during the fourth quarter, according to its most recent 13F filing with the SEC. 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 about 7.86% of Consumer Portfolio Services worth $10,586,000 as of its most recent filing with the SEC.
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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