Consumer Portfolio Services, Inc. (CPSS) Given Consensus Rating of “Hold” by Brokerages

Consumer Portfolio Services, Inc. (NASDAQ:CPSS) has received an average rating of “Hold” from the five ratings firms that are currently covering the firm. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $5.50.

Separately, Jefferies Group LLC restated a “buy” rating and set a $6.00 price objective on shares of Consumer Portfolio Services in a report on Wednesday, January 11th.

In related news, insider Mark Creatura sold 10,000 shares of the company’s stock in a transaction on Wednesday, March 8th. The shares were sold at an average price of $5.29, for a total transaction of $52,900.00. Following the completion of the sale, the insider now directly owns 357,000 shares of the company’s stock, valued at approximately $1,888,530. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Curtis K. Powell sold 7,004 shares of the company’s stock in a transaction on Thursday, March 16th. The stock was sold at an average price of $5.27, for a total transaction of $36,911.08. The disclosure for this sale can be found here. 23.50% of the stock is currently owned by corporate insiders.

Hedge funds have recently made changes to their positions in the company. Acrospire Investment Management LLC boosted its stake in shares of Consumer Portfolio Services by 23.6% in the third quarter. Acrospire Investment Management LLC now owns 38,864 shares of the company’s stock worth $178,000 after buying an additional 7,424 shares during the period. ClariVest Asset Management LLC boosted its stake in shares of Consumer Portfolio Services by 4.2% in the third quarter. ClariVest Asset Management LLC now owns 103,800 shares of the company’s stock worth $476,000 after buying an additional 4,200 shares during the period. Nordea Investment Management AB boosted its stake in shares of Consumer Portfolio Services by 4.2% in the third quarter. Nordea Investment Management AB now owns 103,800 shares of the company’s stock worth $476,000 after buying an additional 4,200 shares during the period. Numeric Investors LLC boosted its stake in shares of Consumer Portfolio Services by 24.9% in the fourth quarter. Numeric Investors LLC now owns 168,769 shares of the company’s stock worth $864,000 after buying an additional 33,651 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in shares of Consumer Portfolio Services by 1.8% in the fourth quarter. Renaissance Technologies LLC now owns 517,900 shares of the company’s stock worth $2,652,000 after buying an additional 9,100 shares during the period. 46.48% of the stock is owned by hedge funds and other institutional investors.

Shares of Consumer Portfolio Services (NASDAQ:CPSS) opened at 4.95 on Tuesday. The stock’s 50 day moving average price is $5.08 and its 200-day moving average price is $4.79. The firm has a market cap of $116.85 million, a PE ratio of 4.90 and a beta of 1.04. Consumer Portfolio Services has a 52-week low of $3.31 and a 52-week high of $6.05.

Consumer Portfolio Services (NASDAQ:CPSS) last released its quarterly earnings data on Tuesday, February 14th. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.02. Consumer Portfolio Services had a return on equity of 18.15% and a net margin of 7.52%. On average, equities research analysts anticipate that Consumer Portfolio Services will post $0.96 earnings per share for the current fiscal year.

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Consumer Portfolio Services Company Profile

Consumer Portfolio Services, Inc is a specialty finance company. The Company’s business is to purchase and service retail automobile contracts originated primarily by franchised automobile dealers and by select independent dealers in the United States in the sale of new and used automobiles, light trucks and passenger vans.

5 Day Chart for NASDAQ:CPSS

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