Consumer Portfolio Services Inc. (CPSS) Sees Unusually-High Trading Volume
Consumer Portfolio Services Inc. (NASDAQ:CPSS) shares saw unusually-strong trading volume on Monday . Approximately 56,209 shares changed hands during mid-day trading, a decline of 8% from the previous session’s volume of 61,263 shares.The stock last traded at $3.96 and had previously closed at $3.90.
Several equities analysts recently weighed in on CPSS shares. Zacks Investment Research upgraded shares of Consumer Portfolio Services from a “sell” rating to a “hold” rating in a report on Monday, May 2nd. Jefferies Group restated a “buy” rating on shares of Consumer Portfolio Services in a report on Tuesday, April 26th. Finally, Compass Point cut 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 report on Wednesday, April 27th. One investment 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 has an average rating of “Hold” and a consensus target price of $5.25.
The firm has a 50 day moving average of $3.82 and a 200-day moving average of $4.05. The stock has a market cap of $98.50 million and a P/E ratio of 3.68.
Consumer Portfolio Services (NASDAQ:CPSS) last posted its earnings results on Monday, April 25th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.01. The firm earned $100.60 million during the quarter, compared to the consensus estimate 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 37,000 shares of the company’s stock in a transaction on Wednesday, May 4th. The shares were sold at an average price of $3.78, for a total value of $139,860.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
A hedge fund recently raised its stake in Consumer Portfolio Services stock. Dimensional Fund Advisors LP increased its stake in shares of Consumer Portfolio Services Inc. (NASDAQ:CPSS) by 79.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 approximately 7.86% of Consumer Portfolio Services worth $10,586,000 as of its most recent SEC filing.
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.