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 lowered Consumer Portfolio Services from a buy rating to a hold rating in a research note on Tuesday, December 3rd.
Shares of CPSS stock opened at $3.30 on Monday. The stock has a fifty day moving average of $3.40 and a 200 day moving average of $3.52. Consumer Portfolio Services has a 52 week low of $2.99 and a 52 week high of $4.65. The firm has a market capitalization of $73.45 million, a price-to-earnings ratio of 6.47 and a beta of 1.50. The company has a quick ratio of 11.54, a current ratio of 11.54 and a debt-to-equity ratio of 10.46.
Consumer Portfolio Services (NASDAQ:CPSS) last announced 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. Consumer Portfolio Services had a return on equity of 4.32% and a net margin of 3.05%. The company had revenue of $85.52 million during the quarter, compared to analyst estimates of $84.61 million. Equities research analysts anticipate that Consumer Portfolio Services will post 0.31 earnings per share for the current year.
In related news, Director Greg Washer sold 40,000 shares of the firm’s 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 completion of the sale, the director now owns 290,444 shares of the company’s stock, valued at $993,318.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 46.00% of the company’s stock.
Institutional investors have recently made changes to their positions in the business. California Public Employees Retirement System lifted its position in Consumer Portfolio Services by 5.8% during 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 period. Renaissance Technologies LLC lifted its position in Consumer Portfolio Services by 8.1% during 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 period. Vanguard Group Inc. lifted its position in Consumer Portfolio Services by 4.4% during 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 period. BlackRock Inc. lifted its position in Consumer Portfolio Services by 18.1% during 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 period. Finally, Black Diamond Capital Management L.L.C. lifted its position in Consumer Portfolio Services by 490.6% during 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 period. 48.38% of the stock is owned by institutional investors and hedge funds.
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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