Consumer Portfolio Services, Inc. (NASDAQ:CPSS) – Equities researchers at Jefferies Group upped their Q2 2018 earnings per share estimates for Consumer Portfolio Services in a note issued to investors on Wednesday. Jefferies Group analyst J. Hecht now expects that the credit services provider will post earnings per share of $0.21 for the quarter, up from their prior forecast of $0.17. Jefferies Group also issued estimates for Consumer Portfolio Services’ Q3 2018 earnings at $0.20 EPS, Q4 2018 earnings at $0.15 EPS and FY2018 earnings at $0.76 EPS.

Other analysts also recently issued research reports about the stock. TheStreet downgraded shares of Consumer Portfolio Services from a “c” rating to a “d” rating in a research report on Tuesday, October 31st. Zacks Investment Research upgraded shares of Consumer Portfolio Services from a “sell” rating to a “hold” rating in a research report on Tuesday, December 26th.

Consumer Portfolio Services (CPSS) traded up $0.04 during mid-day trading on Friday, reaching $4.08. 37,200 shares of the company traded hands, compared to its average volume of 30,275. Consumer Portfolio Services has a 1 year low of $3.66 and a 1 year high of $5.69. The stock has a market cap of $88.84, a P/E ratio of 5.37 and a beta of 1.92. The company has a debt-to-equity ratio of 10.89, a quick ratio of 17.19 and a current ratio of 17.19.

Consumer Portfolio Services (NASDAQ:CPSS) last issued its earnings results on Monday, October 23rd. The credit services provider reported $0.17 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.17. Consumer Portfolio Services had a net margin of 4.87% and a return on equity of 11.09%. The business had revenue of $109.49 million during the quarter, compared to analysts’ expectations of $112.39 million.

A number of institutional investors have recently made changes to their positions in CPSS. Macquarie Group Ltd. purchased a new position in Consumer Portfolio Services during the 3rd quarter worth $114,000. Hancock Holding Co. raised its position in Consumer Portfolio Services by 17.6% during the 2nd quarter. Hancock Holding Co. now owns 44,185 shares of the credit services provider’s stock worth $201,000 after buying an additional 6,615 shares during the last quarter. Numeric Investors LLC raised its position in Consumer Portfolio Services by 0.5% during the 2nd quarter. Numeric Investors LLC now owns 244,034 shares of the credit services provider’s stock worth $1,110,000 after buying an additional 1,329 shares during the last quarter. Vanguard Group Inc. raised its position in Consumer Portfolio Services by 0.9% during the 2nd quarter. Vanguard Group Inc. now owns 760,620 shares of the credit services provider’s stock worth $3,461,000 after buying an additional 6,530 shares during the last quarter. Finally, Continental Advisors LLC raised its position in Consumer Portfolio Services by 21.2% during the 3rd quarter. Continental Advisors LLC now owns 1,326,211 shares of the credit services provider’s stock worth $6,048,000 after buying an additional 232,055 shares during the last quarter. Institutional investors own 48.35% of the company’s stock.

In related news, major shareholder Second Curve Capital Llc sold 10,000 shares of the company’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $4.15, for a total value of $41,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Curtis K. Powell sold 7,000 shares of the company’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $4.26, for a total transaction of $29,820.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 235,100 shares of company stock valued at $989,660. 37.50% of the stock is owned by insiders.

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About Consumer Portfolio Services

Consumer Portfolio Services, Inc is a specialty finance company. The Company’s business is to purchase and service retail automobile contracts originated primarily by franchised automobile dealers and by select independent dealers in the United States in the sale of new and used automobiles, light trucks and passenger vans.

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