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

Consumer Portfolio Services (NASDAQ:CPSS) announced its quarterly earnings results on Thursday. The credit services provider reported $0.30 EPS for the quarter, Zacks reports. Consumer Portfolio Services had a return on equity of 6.91% and a net margin of 4.78%. The firm had revenue of $131.91 million for the quarter.

Consumer Portfolio Services Trading Up 3.1%

Shares of Consumer Portfolio Services stock opened at $9.25 on Friday. The stock has a market capitalization of $202.67 million, a PE ratio of 10.05 and a beta of 1.14. Consumer Portfolio Services has a 52 week low of $7.46 and a 52 week high of $10.49. The stock has a 50 day moving average price of $9.27 and a two-hundred day moving average price of $9.31. The company has a debt-to-equity ratio of 10.43, a quick ratio of 5.67 and a current ratio of 5.67.

Insider Activity

In other news, VP Noel Jackson sold 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $9.31, for a total transaction of $69,825.00. Following the transaction, the vice president directly owned 7,500 shares of the company’s stock, valued at $69,825. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Catrina Marie Ralston sold 3,617 shares of the stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $9.50, for a total value of $34,361.50. Following the completion of the transaction, the vice president owned 68,262 shares in the company, valued at approximately $648,489. This represents a 5.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 137,500 shares of company stock worth $1,299,825 over the last quarter. 63.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on CPSS shares. Wall Street Zen upgraded 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 report on Monday, September 14th. One equities research analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the stock presently 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.