Consumer Portfolio Services (NASDAQ:CPSS) Issues Quarterly Earnings Results

Consumer Portfolio Services (NASDAQ:CPSS) announced its quarterly earnings data on Thursday. The credit services provider reported $0.30 earnings per share (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 Performance

Shares of NASDAQ CPSS traded up $0.28 during mid-day trading on Thursday, hitting $9.25. The company had a trading volume of 19,991 shares, compared to its average volume of 22,453. The company has a market capitalization of $202.62 million, a price-to-earnings ratio of 10.05 and a beta of 1.14. Consumer Portfolio Services has a 1 year low of $7.46 and a 1 year high of $10.49. The company has a current ratio of 5.67, a quick ratio of 5.67 and a debt-to-equity ratio of 10.43. The stock’s 50-day moving average price is $9.28 and its 200-day moving average price is $9.30.

Insider Buying and Selling at Consumer Portfolio Services

In other news, VP Noel Jackson sold 7,500 shares of the company’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $9.31, for a total transaction of $69,825.00. Following the sale, the vice president directly owned 7,500 shares in the company, valued at $69,825. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Charles Bradley, Jr. sold 125,000 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer owned 4,099,545 shares in the company, 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. 63.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Wall Street Zen raised shares of Consumer Portfolio Services from a “hold” rating to a “buy” rating in a report on Saturday, October 17th. Weiss Ratings upgraded shares of Consumer Portfolio Services from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, September 14th. One analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, the company has a consensus 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.