Consumer Portfolio Services (NASDAQ:CPSS) Lowered to Hold at StockNews.com

StockNews.com downgraded shares of Consumer Portfolio Services (NASDAQ:CPSS – Get Rating) from a buy rating to a hold rating in a research note released on Friday.

Consumer Portfolio Services Stock Performance

NASDAQ:CPSS opened at $11.62 on Friday. The company has a quick ratio of 8.10, a current ratio of 8.10 and a debt-to-equity ratio of 9.26. The company has a market cap of $241.46 million, a P/E ratio of 3.89 and a beta of 2.19. Consumer Portfolio Services has a fifty-two week low of $4.64 and a fifty-two week high of $14.38. The firm’s 50 day moving average is $10.13 and its two-hundred day moving average is $9.59.

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Consumer Portfolio Services (NASDAQ:CPSS – Get Rating) last posted its quarterly earnings results on Thursday, March 9th. The credit services provider reported $0.59 earnings per share for the quarter. The company had revenue of $83.02 million for the quarter. Consumer Portfolio Services had a net margin of 23.25% and a return on equity of 35.46%.

Institutional Investors Weigh In On Consumer Portfolio Services

Several large investors have recently made changes to their positions in CPSS. JPMorgan Chase & Co. increased its position in shares of Consumer Portfolio Services by 282.8% in the first quarter. JPMorgan Chase & Co. now owns 32,061 shares of the credit services provider’s stock worth $326,000 after acquiring an additional 23,685 shares in the last quarter. Citigroup Inc. acquired a new stake in shares of Consumer Portfolio Services in the first quarter worth $86,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Consumer Portfolio Services in the first quarter worth $115,000. Lazard Asset Management LLC acquired a new stake in shares of Consumer Portfolio Services in the first quarter worth $39,000. Finally, Renaissance Technologies LLC increased its position in shares of Consumer Portfolio Services by 2.6% in the first quarter. Renaissance Technologies LLC now owns 462,158 shares of the credit services provider’s stock worth $4,696,000 after acquiring an additional 11,600 shares in the last quarter. Institutional investors and hedge funds own 51.19% of the company’s stock.

Consumer Portfolio Services Company Profile

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Consumer Portfolio Services, Inc operates as an independent finance company. The firm provides indirect automobile financing to individuals with past credit problems, low incomes, and limited credit histories. It engages in purchase and service of retail automobile contracts originated primarily by franchised automobile dealers and select independent dealers in the sale of new and used automobiles, light trucks, and passenger vans.

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