Consumer Portfolio Services (NASDAQ:CPSS) Raised to Hold at Wall Street Zen

Consumer Portfolio Services (NASDAQ:CPSS) was upgraded by analysts at Wall Street Zen to a “hold” rating in a report issued 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 data from MarketBeat.com, the company has a consensus rating of “Hold”.

Consumer Portfolio Services Stock Performance

Shares of NASDAQ:CPSS opened at $9.09 on Friday. The company has a market capitalization of $197.25 million, a price-to-earnings ratio of 10.69 and a beta of 1.13. Consumer Portfolio Services has a 12 month low of $6.67 and a 12 month high of $10.49. The firm’s 50-day moving average is $9.57 and its 200 day moving average is $8.86. The company has a current ratio of 7.48, a quick ratio of 7.48 and a debt-to-equity ratio of 10.18.

Consumer Portfolio Services (NASDAQ:CPSS) last announced its quarterly earnings data on Tuesday, May 5th. The credit services provider reported $0.24 earnings per share (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%. Research analysts predict that Consumer Portfolio Services will post 1.45 EPS for the current year.

Insiders Place Their Bets

In other Consumer Portfolio Services news, VP Noel Jackson sold 7,000 shares of Consumer Portfolio Services 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 completion of the sale, the vice president directly owned 7,000 shares of the company’s stock, valued at $67,410. The trade was a 50.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 63.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Consumer Portfolio Services

Several institutional investors have recently made changes to their positions in CPSS. Janney Montgomery Scott LLC lifted its stake 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 worth $394,000 after acquiring an additional 1,672 shares during the period. Barclays PLC increased its position in Consumer Portfolio Services by 12.2% during the 4th quarter. Barclays PLC now owns 17,049 shares of the credit services provider’s stock valued at $159,000 after purchasing an additional 1,860 shares during the period. Bank of New York Mellon Corp increased its position in Consumer Portfolio Services by 9.6% during 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 purchasing an additional 2,026 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Consumer Portfolio Services by 17.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 15,739 shares of the credit services provider’s stock valued at $119,000 after purchasing an additional 2,333 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Consumer Portfolio Services by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 221,565 shares of the credit services provider’s stock valued at $2,067,000 after purchasing an additional 3,604 shares in the last quarter. 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.