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

Consumer Portfolio Services (NASDAQ:CPSS) was upgraded by stock analysts at Wall Street Zen to a “hold” rating in a report released on Saturday.

Separately, Weiss Ratings upgraded Consumer Portfolio Services from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, July 1st. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold”.

Consumer Portfolio Services Price Performance

NASDAQ CPSS opened at $9.09 on Friday. The company has a fifty day moving average of $9.57 and a two-hundred day moving average of $8.86. The firm has a market capitalization of $197.25 million, a price-to-earnings ratio of 10.69 and a beta of 1.13. The company has a quick ratio of 7.48, a current ratio of 7.48 and a debt-to-equity ratio of 10.18. Consumer Portfolio Services has a 52 week low of $6.67 and a 52 week high of $10.49.

Consumer Portfolio Services (NASDAQ:CPSS) last issued its quarterly earnings results on Tuesday, May 5th. The credit services provider reported $0.24 EPS for the quarter. The company had revenue of $52.27 million for the quarter. Consumer Portfolio Services had a net margin of 4.58% and a return on equity of 6.54%. On average, analysts predict that Consumer Portfolio Services will post 1.45 earnings per share for the current year.

Insider Activity at Consumer Portfolio Services

In related news, VP Noel Jackson sold 7,000 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $9.63, for a total value of $67,410.00. Following the transaction, the vice president owned 7,000 shares of the company’s stock, valued at $67,410. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 63.70% of the company’s stock.

Hedge Funds Weigh In On Consumer Portfolio Services

A number of hedge funds have recently added to or reduced their stakes in CPSS. Geode Capital Management LLC raised its stake in shares of Consumer Portfolio Services by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 221,565 shares of the credit services provider’s stock valued at $2,067,000 after acquiring an additional 3,604 shares in the last quarter. Empowered Funds LLC grew its stake in Consumer Portfolio Services by 3.8% in the first quarter. Empowered Funds LLC now owns 150,808 shares of the credit services provider’s stock worth $1,308,000 after purchasing an additional 5,588 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in Consumer Portfolio Services by 6,347.2% during the 4th quarter. Russell Investments Group Ltd. now owns 97,740 shares of the credit services provider’s stock worth $912,000 after purchasing an additional 96,224 shares during the period. Janney Montgomery Scott LLC raised its position in Consumer Portfolio Services by 3.4% during 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. Finally, Goldman Sachs Group Inc. grew its position in shares of Consumer Portfolio Services by 17.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 31,752 shares of the credit services provider’s stock worth $275,000 after buying an additional 4,789 shares in the last quarter. 47.57% of the stock is currently owned by institutional investors.

Consumer Portfolio Services Company Profile

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.