Consumer Portfolio Services (CPSS) Upgraded to Hold at ValuEngine

ValuEngine upgraded shares of Consumer Portfolio Services (NASDAQ:CPSS) from a sell rating to a hold rating in a report released on Wednesday, ValuEngine reports.

Separately, Zacks Investment Research raised Consumer Portfolio Services from a hold rating to a buy rating and set a $4.50 price objective on the stock in a research report on Friday, February 15th.

CPSS stock opened at $3.59 on Wednesday. The company has a market capitalization of $79.45 million, a P/E ratio of 7.04 and a beta of 1.55. Consumer Portfolio Services has a 12-month low of $2.99 and a 12-month high of $4.65. The company has a current ratio of 14.18, a quick ratio of 14.27 and a debt-to-equity ratio of 10.91.

Consumer Portfolio Services (NASDAQ:CPSS) last released its quarterly earnings data on Thursday, April 18th. The credit services provider reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.09). The business had revenue of $88.23 million during the quarter, compared to the consensus estimate of $93.65 million. Consumer Portfolio Services had a net margin of 3.59% and a return on equity of 5.84%. As a group, analysts forecast that Consumer Portfolio Services will post 0.38 EPS for the current year.

In related news, Director Brian Rayhill sold 24,500 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $4.20, for a total value of $102,900.00. Following the transaction, the director now directly owns 52,337 shares of the company’s stock, valued at approximately $219,815.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 46.20% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in CPSS. O Shaughnessy Asset Management LLC bought a new position in shares of Consumer Portfolio Services during the 1st quarter valued at $63,000. Dimensional Fund Advisors LP lifted its holdings in shares of Consumer Portfolio Services by 1.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,820,411 shares of the credit services provider’s stock valued at $6,353,000 after buying an additional 21,315 shares during the period. Acadian Asset Management LLC lifted its holdings in shares of Consumer Portfolio Services by 52.5% during the 1st quarter. Acadian Asset Management LLC now owns 25,668 shares of the credit services provider’s stock valued at $90,000 after buying an additional 8,841 shares during the period. Bailard Inc. bought a new position in shares of Consumer Portfolio Services during the 1st quarter valued at $88,000. Finally, Brandywine Global Investment Management LLC bought a new position in shares of Consumer Portfolio Services during the 4th quarter valued at $26,000. 50.52% of the stock is currently owned by institutional investors and hedge funds.

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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