Consumer Portfolio Services (NASDAQ:CPSS) Releases Quarterly Earnings Results

Consumer Portfolio Services (NASDAQ:CPSS) released its earnings results on Tuesday. The credit services provider reported $0.24 earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of $52.27 million during the quarter. Consumer Portfolio Services had a return on equity of 6.58% and a net margin of 4.58%.

Consumer Portfolio Services Stock Performance

NASDAQ CPSS traded up $0.18 on Thursday, hitting $10.36. 11,510 shares of the stock traded hands, compared to its average volume of 19,372. The business’s fifty day moving average is $8.20 and its two-hundred day moving average is $8.47. Consumer Portfolio Services has a 12 month low of $6.67 and a 12 month high of $10.49. The firm has a market capitalization of $225.43 million, a price-to-earnings ratio of 12.21 and a beta of 1.11. The company has a debt-to-equity ratio of 10.20, a quick ratio of 9.81 and a current ratio of 9.81.

Analysts Set New Price Targets

Separately, Weiss Ratings raised Consumer Portfolio Services from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, May 1st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

Insiders Place Their Bets

In other Consumer Portfolio Services news, Director Daniel S. Wood sold 20,000 shares of the stock in a transaction on Friday, March 13th. The stock was sold at an average price of $7.53, for a total transaction of $150,600.00. Following the completion of the transaction, the director directly owned 194,943 shares of the company’s stock, valued at approximately $1,467,920.79. This represents a 9.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 63.70% of the company’s stock.

Hedge Funds Weigh In On Consumer Portfolio Services

Institutional investors and hedge funds have recently bought and sold shares of the company. Wells Fargo & Company MN grew its holdings in Consumer Portfolio Services by 50.5% during the fourth quarter. Wells Fargo & Company MN now owns 10,744 shares of the credit services provider’s stock valued at $100,000 after purchasing an additional 3,605 shares during the period. JPMorgan Chase & Co. grew its holdings in Consumer Portfolio Services by 17.4% during the third quarter. JPMorgan Chase & Co. now owns 15,739 shares of the credit services provider’s stock valued at $119,000 after purchasing an additional 2,333 shares during the period. Barclays PLC grew its holdings in Consumer Portfolio Services by 12.2% during the fourth quarter. Barclays PLC now owns 17,049 shares of the credit services provider’s stock valued at $159,000 after purchasing an additional 1,860 shares during the period. Citadel Advisors LLC bought a new position in Consumer Portfolio Services during the third quarter valued at $163,000. Finally, Bank of New York Mellon Corp grew its holdings in Consumer Portfolio Services by 9.6% during the first quarter. Bank of New York Mellon Corp now owns 23,022 shares of the credit services provider’s stock valued at $178,000 after purchasing an additional 2,026 shares during the period. 47.57% of the stock is owned by institutional investors.

Consumer Portfolio Services Company Profile

Consumer Portfolio Services, Inc is a specialty finance company focused on originating and servicing retail installment contracts for the automotive industry. The company primarily serves subprime and near-prime borrowers by partnering with a network of franchised and independent auto dealers across the United States. By providing flexible financing solutions, CPS seeks to expand vehicle ownership opportunities for customers who may not qualify for traditional prime auto loans.

CPS operates through two principal segments: loan origination and servicing.