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 note released 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 report on Monday, September 14th. One investment analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

Consumer Portfolio Services Price Performance

Shares of NASDAQ:CPSS opened at $9.03 on Friday. The company has a quick ratio of 5.67, a current ratio of 5.67 and a debt-to-equity ratio of 10.43. The company has a market cap of $197.85 million, a P/E ratio of 9.82 and a beta of 1.14. Consumer Portfolio Services has a 52 week low of $7.39 and a 52 week high of $10.49. The company has a 50-day moving average price of $9.30 and a 200 day moving average price of $9.28.

Consumer Portfolio Services (NASDAQ:CPSS) 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 return on equity of 6.91% and a net margin of 4.78%. The company had revenue of $57.14 million for the quarter.

Insiders Place Their Bets

In other news, VP Noel Jackson sold 7,500 shares of the company’s stock in a transaction on Tuesday, September 1st. The shares were 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Catrina Marie Ralston sold 3,617 shares of the company’s stock in a transaction 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 in the company, valued at approximately $648,489. This trade represents a 5.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 137,500 shares of company stock worth $1,299,825. Corporate insiders own 63.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in CPSS. Empowered Funds LLC purchased a new stake in shares of Consumer Portfolio Services during the 2nd quarter worth approximately $1,456,000. BlackRock Inc. acquired a new stake in shares of Consumer Portfolio Services in the 2nd quarter worth approximately $6,297,000. Deutsche Bank AG acquired a new stake in shares of Consumer Portfolio Services in the 2nd quarter worth approximately $115,000. Bank of New York Mellon Corp acquired a new stake in shares of Consumer Portfolio Services in the 2nd quarter worth approximately $221,000. Finally, Janney Montgomery Scott LLC increased its stake in Consumer Portfolio Services by 3.4% in the 1st 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 in the last quarter. 47.57% of the stock is owned by hedge funds and other institutional investors.

About Consumer Portfolio Services

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.