Consumer Portfolio Services (NASDAQ:CPSS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday.

According to Zacks, “CONSUMER PORTFOLIO SERVICES is a consumer finance company that specializes in purchasing, selling, and servicing contracts with purchases of vechicles who are sub prime borrowers and are unable to obtain credit from traditional sources. “

CPSS has been the subject of several other research reports. TheStreet lowered Consumer Portfolio Services from a “c” rating to a “d” rating in a research note on Tuesday, October 31st. Jefferies Group reaffirmed a “buy” rating and set a $6.00 price target on shares of Consumer Portfolio Services in a research note on Thursday, September 7th.

Shares of Consumer Portfolio Services (CPSS) traded up $0.34 during mid-day trading on Tuesday, reaching $4.59. The company’s stock had a trading volume of 56,587 shares, compared to its average volume of 62,620. The company has a debt-to-equity ratio of 10.89, a quick ratio of 17.19 and a current ratio of 17.19. Consumer Portfolio Services has a 52-week low of $3.66 and a 52-week high of $5.69. The company has a market capitalization of $99.95, a price-to-earnings ratio of 6.04 and a beta of 1.91.

Consumer Portfolio Services (NASDAQ:CPSS) last issued its quarterly earnings results on Monday, October 23rd. The credit services provider reported $0.17 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.17. Consumer Portfolio Services had a return on equity of 11.09% and a net margin of 4.87%. The firm had revenue of $109.49 million during the quarter, compared to analyst estimates of $112.39 million. equities analysts expect that Consumer Portfolio Services will post 0.66 earnings per share for the current fiscal year.

In other news, VP Curtis K. Powell sold 7,000 shares of Consumer Portfolio Services stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $4.26, for a total value of $29,820.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Second Curve Capital Llc sold 20,000 shares of Consumer Portfolio Services stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $4.16, for a total value of $83,200.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 235,100 shares of company stock worth $989,660. Company insiders own 37.50% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Macquarie Group Ltd. purchased a new position in Consumer Portfolio Services during the 3rd quarter valued at about $114,000. Hancock Holding Co. increased its holdings in Consumer Portfolio Services by 17.6% during the 2nd quarter. Hancock Holding Co. now owns 44,185 shares of the credit services provider’s stock valued at $201,000 after purchasing an additional 6,615 shares during the period. Numeric Investors LLC increased its holdings in Consumer Portfolio Services by 0.5% during the 2nd quarter. Numeric Investors LLC now owns 244,034 shares of the credit services provider’s stock valued at $1,110,000 after purchasing an additional 1,329 shares during the period. Morgan Stanley increased its holdings in Consumer Portfolio Services by 12.5% during the 1st quarter. Morgan Stanley now owns 309,162 shares of the credit services provider’s stock valued at $1,456,000 after purchasing an additional 34,327 shares during the period. Finally, Vanguard Group Inc. increased its holdings in Consumer Portfolio Services by 0.9% during the 2nd quarter. Vanguard Group Inc. now owns 760,620 shares of the credit services provider’s stock valued at $3,461,000 after purchasing an additional 6,530 shares during the period. Institutional investors own 48.35% of the company’s stock.

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Consumer Portfolio Services Company Profile

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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