Shares of Consumer Portfolio Services Inc. (NASDAQ:CPSS) dropped 3.4% during mid-day trading on Thursday . The stock traded as low as $4.01 and last traded at $4.01, with a volume of 58,299 shares. The stock had previously closed at $4.15.

CPSS has been the topic of several recent analyst reports. Zacks Investment Research downgraded Consumer Portfolio Services from a “buy” rating to a “hold” rating in a report on Monday, August 1st. 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 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 equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. Consumer Portfolio Services presently has an average rating of “Hold” and a consensus target price of $5.25.

The firm has a market cap of $102.57 million and a P/E ratio of 3.93. The firm’s 50-day moving average price is $3.89 and its 200 day moving average price is $4.05.

Consumer Portfolio Services (NASDAQ:CPSS) last announced its earnings results on Wednesday, July 27th. The company reported $0.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.03. Analysts forecast that Consumer Portfolio Services Inc. will post $0.95 earnings per share for the current fiscal year.

An institutional investor recently raised its position in Consumer Portfolio Services stock. Dimensional Fund Advisors LP raised its position 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 fund 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 reporting period.

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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