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

Wall Street Zen upgraded shares of Consumer Portfolio Services (NASDAQ:CPSS) from a hold rating to a buy rating in a report published on Saturday morning,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 research note on Monday, September 14th. One investment analyst has rated the stock with a Hold rating. According to MarketBeat.com, the company currently has an average rating of “Hold”.

Consumer Portfolio Services Trading Up 2.8%

Shares of CPSS stock opened at $10.45 on Friday. The business’s fifty day moving average price is $9.42 and its 200 day moving average price is $9.06. Consumer Portfolio Services has a 1-year low of $7.46 and a 1-year high of $10.49. The firm has a market capitalization of $228.33 million, a PE ratio of 10.25 and a beta of 1.10. The company has a debt-to-equity ratio of 11.33, a current ratio of 5.79 and a quick ratio of 5.67.

Consumer Portfolio Services (NASDAQ:CPSS) last released its earnings results on Friday, October 23rd. The credit services provider reported $0.30 EPS for the quarter. Consumer Portfolio Services had a return on equity of 7.48% and a net margin of 4.99%. The company had revenue of $61.39 million during the quarter.

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 sale, the vice president owned 68,262 shares in the company, valued at $648,489. This represents a 5.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Noel Jackson sold 7,500 shares of the firm’s stock in a transaction that occurred on 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 transaction, the vice president directly owned 7,500 shares of the company’s stock, valued at $69,825. The trade was a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 336,117 shares of company stock valued at $3,314,686 in the last quarter. 63.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Russell Investments Group Ltd. boosted its position in shares of Consumer Portfolio Services by 398.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 74,080 shares of the credit services provider’s stock worth $679,000 after buying an additional 59,226 shares in the last quarter. Empowered Funds LLC acquired a new stake in Consumer Portfolio Services in the 2nd quarter valued at about $1,456,000. BlackRock Inc. acquired a new stake in Consumer Portfolio Services in the 2nd quarter valued at about $6,297,000. Deutsche Bank AG acquired a new stake in Consumer Portfolio Services in the 2nd quarter valued at about $115,000. Finally, Bank of New York Mellon Corp purchased a new position in Consumer Portfolio Services during the 2nd quarter valued at about $221,000. 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 that provides indirect automobile financing to consumers, primarily those with limited or impaired credit histories. The company works with franchised and independent automobile dealers to arrange financing for purchasers of new and used vehicles.

Consumer Portfolio Services typically purchases retail installment sales contracts originated by its dealer partners and then services the related automotive loans.