Consumer Portfolio Services (NASDAQ:CPSS) Downgraded by ValuEngine to “Hold”

Consumer Portfolio Services (NASDAQ:CPSS) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Tuesday, ValuEngine reports.

Separately, Zacks Investment Research upgraded shares of Consumer Portfolio Services from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th.

Shares of CPSS opened at $3.45 on Tuesday. Consumer Portfolio Services has a twelve month low of $2.99 and a twelve month high of $4.65. The firm’s fifty day simple moving average is $3.40 and its 200-day simple moving average is $3.53. The firm has a market capitalization of $75.48 million, a price-to-earnings ratio of 6.76 and a beta of 1.50. The company has a current ratio of 11.54, a quick ratio of 11.54 and a debt-to-equity ratio of 10.46.

Consumer Portfolio Services (NASDAQ:CPSS) last announced its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $0.08 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.08. Consumer Portfolio Services had a net margin of 3.05% and a return on equity of 4.32%. The business had revenue of $85.52 million for the quarter, compared to analyst estimates of $84.61 million. On average, analysts predict that Consumer Portfolio Services will post 0.31 earnings per share for the current fiscal year.

In other news, Director Greg Washer sold 13,369 shares of the firm’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $3.42, for a total value of $45,721.98. Following the sale, the director now directly owns 290,744 shares in the company, valued at approximately $994,344.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 46.00% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. California Public Employees Retirement System raised its holdings in shares of Consumer Portfolio Services by 5.8% in the 3rd quarter. California Public Employees Retirement System now owns 118,000 shares of the credit services provider’s stock valued at $424,000 after purchasing an additional 6,500 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Consumer Portfolio Services by 8.1% in the 2nd quarter. Renaissance Technologies LLC now owns 352,909 shares of the credit services provider’s stock valued at $1,341,000 after purchasing an additional 26,302 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Consumer Portfolio Services by 4.4% in the 2nd quarter. Vanguard Group Inc. now owns 658,270 shares of the credit services provider’s stock valued at $2,501,000 after purchasing an additional 28,006 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Consumer Portfolio Services by 18.1% in the 2nd quarter. BlackRock Inc. now owns 759,535 shares of the credit services provider’s stock valued at $2,887,000 after purchasing an additional 116,290 shares in the last quarter. Finally, Black Diamond Capital Management L.L.C. raised its holdings in shares of Consumer Portfolio Services by 490.6% in the 2nd quarter. Black Diamond Capital Management L.L.C. now owns 2,766,706 shares of the credit services provider’s stock valued at $10,513,000 after purchasing an additional 2,298,242 shares in the last quarter. Institutional investors and hedge funds own 48.38% of the company’s stock.

About Consumer Portfolio Services

Consumer Portfolio Services, Inc operates as a specialty finance company in the United States. It purchases and services retail automobile contracts originated by franchised automobile dealers and select independent dealers in the sale of new and used automobiles, light trucks, and passenger vans. The company, through its automobile contract purchases, offers indirect financing to the customers of dealers with limited credit histories, low incomes, or past credit problems.

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