Consumer Portfolio Services (NASDAQ:CPSS) Issues Earnings Results

Consumer Portfolio Services (NASDAQ:CPSS) issued its quarterly earnings data on Thursday. The credit services provider reported $0.30 EPS for the quarter, Zacks reports. Consumer Portfolio Services had a return on equity of 6.91% and a net margin of 4.78%.

Consumer Portfolio Services Stock Up 3.1%

Shares of CPSS stock traded up $0.28 on Thursday, hitting $9.25. The stock had a trading volume of 19,991 shares, compared to its average volume of 22,453. The business has a 50 day moving average of $9.28 and a 200 day moving average of $9.30. The stock has a market cap of $202.62 million, a price-to-earnings ratio of 10.05 and a beta of 1.14. 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 has a 12-month low of $7.46 and a 12-month high of $10.49.

Insider Transactions at Consumer Portfolio Services

In related news, VP Catrina Marie Ralston sold 3,617 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $9.50, for a total value of $34,361.50. Following the transaction, the vice president owned 68,262 shares in the company, valued at approximately $648,489. This represents a 5.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Charles E. Bradley, Jr. sold 125,000 shares of the stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $9.46, for a total value of $1,182,500.00. Following the transaction, the chief executive officer directly owned 4,099,545 shares of the company’s stock, valued at approximately $38,781,695.70. This trade represents a 2.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 137,500 shares of company stock worth $1,299,825 in the last 90 days. Insiders own 63.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on CPSS shares. Weiss Ratings upgraded Consumer Portfolio Services from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, September 14th. Wall Street Zen upgraded Consumer Portfolio Services from a “hold” rating to a “buy” rating in a report on Saturday, October 17th. One analyst has rated the stock with a Hold rating. According to MarketBeat.com, the stock presently has an average rating of “Hold”.

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.