Consumer Portfolio Services (NASDAQ:CPSS) Rating Increased to Hold 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.

Separately, Weiss Ratings raised Consumer Portfolio Services from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, July 1st. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, Consumer Portfolio Services has an average rating of “Hold”.

Consumer Portfolio Services Stock Performance

Shares of CPSS opened at $9.09 on Friday. The company has a debt-to-equity ratio of 10.18, a current ratio of 7.48 and a quick ratio of 7.48. Consumer Portfolio Services has a one year low of $6.67 and a one year high of $10.49. The firm has a market capitalization of $197.25 million, a P/E ratio of 10.69 and a beta of 1.13. The business has a fifty day moving average of $9.57 and a 200 day moving average of $8.86.

Consumer Portfolio Services (NASDAQ:CPSS) last announced its earnings results on Tuesday, May 5th. The credit services provider reported $0.24 EPS for the quarter. The business had revenue of $52.27 million during the quarter. Consumer Portfolio Services had a net margin of 4.58% and a return on equity of 6.54%. As a group, sell-side analysts anticipate that Consumer Portfolio Services will post 1.45 EPS for the current year.

Insider Buying and Selling

In other Consumer Portfolio Services news, VP Noel Jackson sold 7,000 shares of the firm’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $9.63, for a total transaction of $67,410.00. Following the transaction, the vice president directly owned 7,000 shares in the company, valued at $67,410. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 63.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Consumer Portfolio Services

A number of hedge funds and other institutional investors have recently bought and sold shares of CPSS. Wells Fargo & Company MN raised its holdings in shares of Consumer Portfolio Services by 50.5% in the fourth quarter. Wells Fargo & Company MN now owns 10,744 shares of the credit services provider’s stock worth $100,000 after buying an additional 3,605 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of 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 buying an additional 2,333 shares during the last quarter. Barclays PLC increased its position in shares of Consumer Portfolio Services by 12.2% in the 4th quarter. Barclays PLC now owns 17,049 shares of the credit services provider’s stock valued at $159,000 after acquiring an additional 1,860 shares during the period. Citadel Advisors LLC acquired a new position in shares of Consumer Portfolio Services in the 3rd quarter valued at $163,000. Finally, Bank of New York Mellon Corp increased its position in shares of Consumer Portfolio Services by 9.6% in the 1st 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 period. Hedge funds and other institutional investors own 47.57% of the company’s stock.

About Consumer Portfolio Services

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.