Consumer Portfolio Services (NASDAQ:CPSS) Rating Lowered to Hold at Wall Street Zen

Consumer Portfolio Services (NASDAQ:CPSS) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Monday, Wall Street Zen reports.

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

Consumer Portfolio Services Price Performance

Shares of NASDAQ:CPSS opened at $9.01 on Monday. Consumer Portfolio Services has a 52 week low of $7.39 and a 52 week high of $10.49. The company has a debt-to-equity ratio of 10.43, a quick ratio of 5.67 and a current ratio of 5.67. The company’s fifty day moving average is $9.33 and its 200-day moving average is $9.19. The company has a market capitalization of $197.36 million, a PE ratio of 9.79 and a beta of 1.14.

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

Insider Activity at Consumer Portfolio Services

In other Consumer Portfolio Services news, VP Noel Jackson sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $9.31, for a total value of $69,825.00. Following the completion of the sale, the vice president owned 7,500 shares in the company, valued at approximately $69,825. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Catrina Marie Ralston sold 3,617 shares of the business’s stock in a transaction dated Wednesday, August 12th. The stock was 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 137,500 shares of company stock valued at $1,299,825 over the last ninety days. 63.80% of the stock is owned by insiders.

Institutional Trading of Consumer Portfolio Services

Several hedge funds have recently modified their holdings of CPSS. Janney Montgomery Scott LLC raised its stake in shares of Consumer Portfolio Services by 3.4% during the first quarter. Janney Montgomery Scott LLC now owns 51,003 shares of the credit services provider’s stock worth $394,000 after buying an additional 1,672 shares during the last quarter. Bank of New York Mellon Corp boosted 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 valued at $178,000 after acquiring an additional 2,026 shares during the last quarter. Deutsche Bank AG acquired a new stake in Consumer Portfolio Services during the 2nd quarter worth $115,000. Empowered Funds LLC acquired a new stake in Consumer Portfolio Services during the 2nd quarter worth $1,456,000. Finally, BlackRock Inc. bought a new stake in shares of Consumer Portfolio Services during the 2nd quarter valued at $6,297,000. 47.57% of the stock is owned by institutional investors.

Consumer Portfolio Services Company Profile

Consumer Portfolio Services, Inc (NASDAQ: CPSS) is a specialty finance company that provides automobile financing to consumers, including borrowers who may have limited or impaired credit histories. The company primarily operates through an indirect lending model, purchasing retail installment sales contracts originated by automobile dealerships and providing financing for the purchase of new and used vehicles.

Consumer Portfolio Services funds its lending activities through a combination of debt financing and the securitization of automobile receivables.