Consumer Portfolio Services (NASDAQ:CPSS) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Consumer Portfolio Services (NASDAQ:CPSS) from a hold rating to a buy rating in a research report sent to investors on Sunday morning,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 analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Consumer Portfolio Services Price Performance

Shares of NASDAQ CPSS opened at $9.05 on Friday. Consumer Portfolio Services has a 1 year low of $7.30 and a 1 year high of $10.49. The stock has a market capitalization of $195.12 million, a P/E ratio of 9.84 and a beta of 1.11. The company’s 50-day moving average is $9.36 and its 200 day moving average is $9.14. The company has a debt-to-equity ratio of 10.43, a current ratio of 5.67 and a quick ratio of 5.67.

Consumer Portfolio Services (NASDAQ:CPSS) last issued its quarterly earnings data on Tuesday, August 4th. The credit services provider reported $0.27 EPS for the quarter. The business had revenue of $57.14 million during the quarter. Consumer Portfolio Services had a net margin of 4.78% and a return on equity of 6.91%.

Insider Activity

In other news, VP Catrina Marie Ralston sold 3,617 shares of Consumer Portfolio Services stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $9.50, for a total transaction of $34,361.50. Following the completion of the transaction, the vice president directly owned 68,262 shares in the company, valued at approximately $648,489. This trade represents a 5.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Charles Bradley, Jr. sold 125,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $9.46, for a total value of $1,182,500.00. Following the completion of the sale, the chief executive officer directly 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 SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 137,500 shares of company stock worth $1,299,825. Insiders own 63.70% of the company’s stock.

Institutional Investors Weigh In On Consumer Portfolio Services

Several hedge funds have recently added to or reduced their stakes in the stock. Empowered Funds LLC purchased a new position in shares of Consumer Portfolio Services in the 2nd quarter worth about $1,456,000. BlackRock Inc. purchased a new stake in Consumer Portfolio Services during the 2nd quarter valued at about $6,297,000. Deutsche Bank AG bought a new stake in Consumer Portfolio Services during the 2nd quarter valued at about $115,000. Bank of New York Mellon Corp bought a new stake in Consumer Portfolio Services during the 2nd quarter valued at about $221,000. Finally, Janney Montgomery Scott LLC raised 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 worth $394,000 after buying an additional 1,672 shares during the last quarter. 47.57% of the stock is owned by institutional investors.

About Consumer Portfolio Services

Consumer Portfolio Services, Inc (NASDAQ: CPSS) is a specialty finance company focused on automobile lending. The company provides financing to consumers who may have limited or impaired credit histories and primarily supports the purchase of used vehicles.

Consumer Portfolio Services generally originates business through an indirect lending model. It purchases and services retail installment sales contracts generated by franchised and independent automobile dealers, allowing dealers to offer financing to customers while transferring the contracts to the company.