Wall Street Zen Upgrades Consumer Portfolio Services (NASDAQ:CPSS) to “Buy”

by · The Cerbat Gem

Consumer Portfolio Services (NASDAQ:CPSS – Get Free Report) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday, Wall Street Zen reports.

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

View Our Latest Analysis on Consumer Portfolio Services

Consumer Portfolio Services Stock Performance

NASDAQ:CPSS opened at $9.15 on Friday. Consumer Portfolio Services has a 12 month low of $7.39 and a 12 month high of $10.49. The firm has a fifty day simple moving average of $9.30 and a 200-day simple moving average of $9.27. 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 company has a market capitalization of $200.43 million, a P/E ratio of 9.95 and a beta of 1.14.

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

Insider Buying and Selling

In related news, CEO Charles Bradley, Jr. sold 125,000 shares of the stock in a transaction that occurred 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 owned 4,099,545 shares in the company, valued at approximately $38,781,695.70. This represents a 2.96% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Catrina Marie Ralston sold 3,617 shares of the firm’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 transaction of $34,361.50. Following the transaction, the vice president directly owned 68,262 shares of the company’s stock, valued at $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. In the last quarter, insiders have sold 137,500 shares of company stock worth $1,299,825. 63.80% of the stock is owned by company insiders.

Institutional Trading of Consumer Portfolio Services

Hedge funds and other institutional investors have recently made changes to their positions in the business. Deutsche Bank AG acquired a new position in Consumer Portfolio Services during the second quarter valued at $115,000. Bank of New York Mellon Corp boosted its holdings 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 purchasing an additional 2,026 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in Consumer Portfolio Services by 3.4% in the first quarter. Janney Montgomery Scott LLC now owns 51,003 shares of the credit services provider’s stock valued at $394,000 after purchasing an additional 1,672 shares during the last quarter. Empowered Funds LLC acquired a new stake in Consumer Portfolio Services during the 2nd quarter worth about $1,456,000. Finally, BlackRock Inc. acquired a new stake in Consumer Portfolio Services during the 2nd quarter worth about $6,297,000. Institutional investors and hedge funds own 47.57% of the company’s stock.

Consumer Portfolio Services Company Profile

(Get Free Report)

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.

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