According to Zacks, “CONSUMER PORTFOLIO SERVICES is a consumer finance company that specializes in purchasing, selling, and servicing contracts with purchases of vechicles who are sub prime borrowers and are unable to obtain credit from traditional sources. “
Separately, ValuEngine cut Consumer Portfolio Services from a buy rating to a hold rating in a research note on Tuesday, December 3rd.
Shares of CPSS stock traded down $0.01 during trading hours on Tuesday, reaching $3.25. The company had a trading volume of 12 shares, compared to its average volume of 4,897. The company has a market capitalization of $73.86 million, a price-to-earnings ratio of 6.37 and a beta of 1.50. Consumer Portfolio Services has a 12-month low of $2.99 and a 12-month high of $4.65. The company has a debt-to-equity ratio of 10.46, a quick ratio of 11.54 and a current ratio of 11.54. The stock has a fifty day moving average of $3.41 and a 200-day moving average of $3.52.
Consumer Portfolio Services (NASDAQ:CPSS) last released its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $0.08 EPS for the quarter, hitting analysts’ consensus estimates of $0.08. The company had revenue of $85.52 million for the quarter, compared to analysts’ expectations of $84.61 million. Consumer Portfolio Services had a return on equity of 4.32% and a net margin of 3.05%. On average, analysts forecast that Consumer Portfolio Services will post 0.31 EPS for the current year.
In related news, Director Greg Washer sold 40,000 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $3.42, for a total value of $136,800.00. Following the transaction, the director now owns 290,444 shares of the company’s stock, valued at $993,318.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 46.00% of the company’s stock.
A number of large investors have recently bought and sold shares of CPSS. Black Diamond Capital Management L.L.C. increased its holdings in Consumer Portfolio Services by 490.6% in the second 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 buying an additional 2,298,242 shares during the last quarter. BlackRock Inc. increased its holdings in Consumer Portfolio Services by 18.1% in the second quarter. BlackRock Inc. now owns 759,535 shares of the credit services provider’s stock valued at $2,887,000 after buying an additional 116,290 shares during the last quarter. Vanguard Group Inc. increased its holdings in Consumer Portfolio Services by 4.4% in the second quarter. Vanguard Group Inc. now owns 658,270 shares of the credit services provider’s stock valued at $2,501,000 after buying an additional 28,006 shares during the last quarter. Renaissance Technologies LLC increased its holdings in Consumer Portfolio Services by 8.1% in the second quarter. Renaissance Technologies LLC now owns 352,909 shares of the credit services provider’s stock valued at $1,341,000 after buying an additional 26,302 shares during the last quarter. Finally, California Public Employees Retirement System increased its holdings in Consumer Portfolio Services by 5.8% in the third quarter. California Public Employees Retirement System now owns 118,000 shares of the credit services provider’s stock valued at $424,000 after buying an additional 6,500 shares during the last quarter. 48.38% of the stock is currently owned by hedge funds and other institutional investors.
Consumer Portfolio Services Company Profile
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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