Consumer Portfolio Services (NASDAQ:CPSS) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Consumer Portfolio Services (NASDAQ:CPSS) to a hold rating in a research note published on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings upgraded shares of Consumer Portfolio Services from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, September 14th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Consumer Portfolio Services Stock Up 3.0%

Shares of CPSS opened at $9.62 on Friday. The firm has a market cap of $207.41 million, a P/E ratio of 10.46 and a beta of 1.11. Consumer Portfolio Services has a 1 year low of $7.30 and a 1 year high of $10.49. The stock has a 50 day simple moving average of $9.35 and a two-hundred day simple moving average of $9.08. The company has a debt-to-equity ratio of 10.43, a current ratio of 5.67 and a quick ratio of 5.67.

Consumer Portfolio Services (NASDAQ:CPSS) last announced its quarterly earnings data on Tuesday, August 4th. The credit services provider reported $0.27 earnings per share for the quarter. Consumer Portfolio Services had a net margin of 4.78% and a return on equity of 6.91%. The firm had revenue of $57.14 million during the quarter.

Insider Buying and Selling at Consumer Portfolio Services

In other news, VP Catrina Marie Ralston sold 3,617 shares of the company’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $9.50, for a total transaction of $34,361.50. Following the completion of the transaction, the vice president directly owned 68,262 shares of the company’s stock, valued at approximately $648,489. This represents a 5.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Charles E. Bradley, Jr. sold 125,000 shares of the stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $9.46, for a total transaction of $1,182,500.00. Following the sale, the chief executive officer owned 4,099,545 shares of the company’s stock, valued at approximately $38,781,695.70. This represents a 2.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 137,500 shares of company stock valued at $1,299,825 in the last quarter. Company insiders own 63.70% of the company’s stock.

Institutional Investors Weigh In On Consumer Portfolio Services

Several institutional investors and hedge funds have recently bought and sold shares of CPSS. Deutsche Bank AG purchased a new position in shares of Consumer Portfolio Services during the second quarter valued at approximately $115,000. Bank of New York Mellon Corp lifted its stake in Consumer Portfolio Services by 9.6% in the first quarter. Bank of New York Mellon Corp now owns 23,022 shares of the credit services provider’s stock worth $178,000 after acquiring an additional 2,026 shares during the period. Janney Montgomery Scott LLC grew its stake in Consumer Portfolio Services by 3.4% in the first quarter. Janney Montgomery Scott LLC now owns 51,003 shares of the credit services provider’s stock worth $394,000 after purchasing an additional 1,672 shares during the period. Empowered Funds LLC purchased a new stake in Consumer Portfolio Services in the second quarter worth $1,456,000. Finally, BlackRock Inc. bought a new position in Consumer Portfolio Services in the second quarter worth $6,297,000. Hedge funds and other institutional investors own 47.57% of the company’s stock.

Consumer Portfolio Services Company Profile

Consumer Portfolio Services, Inc (NASDAQ: CPSS) is a specialty finance company focused on automobile lending. The company provides financing to consumers who may have limited or impaired credit histories and primarily supports the purchase of used vehicles.

Consumer Portfolio Services generally originates business through an indirect lending model. It purchases and services retail installment sales contracts generated by franchised and independent automobile dealers, allowing dealers to offer financing to customers while transferring the contracts to the company.