Trading Report: The Consumer Portfolio Services Inc. (CPSS) Issues Earnings Results

The Consumer Portfolio Services Inc. (CPSS) Issues  Earnings Results

Consumer Portfolio Services Inc. (NASDAQ:CPSS) announced its earnings results on Thursday. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.02. Consumer Portfolio Services had a return on equity of 19.72% and a net margin of 8.18%.

Consumer Portfolio Services (NASDAQ:CPSS) traded up 1.70% during mid-day trading on Monday, hitting $4.79. The company had a trading volume of 55,856 shares. The company has a 50 day moving average of $4.22 and a 200 day moving average of $4.03. The firm has a market capitalization of $114.31 million, a PE ratio of 4.51 and a beta of 0.81. Consumer Portfolio Services has a 1-year low of $3.31 and a 1-year high of $5.57.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Parametric Portfolio Associates LLC raised its position in Consumer Portfolio Services by 6.7% in the second quarter. Parametric Portfolio Associates LLC now owns 89,137 shares of the company’s stock valued at $336,000 after buying an additional 5,567 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Consumer Portfolio Services by 2.2% in the second quarter. Vanguard Group Inc. now owns 703,683 shares of the company’s stock valued at $2,653,000 after buying an additional 15,049 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Consumer Portfolio Services by 0.7% in the second quarter. Dimensional Fund Advisors LP now owns 2,086,237 shares of the company’s stock valued at $7,865,000 after buying an additional 15,520 shares during the period. Institutional investors own 47.38% of the company’s stock.

Several brokerages have recently issued reports on CPSS. Jefferies Group reissued a “buy” rating and issued a $6.00 target price on shares of Consumer Portfolio Services in a research report on Thursday, July 28th. Zacks Investment Research raised Consumer Portfolio Services from a “hold” rating to a “buy” rating and set a $4.75 target price for the company in a research report on Friday, July 29th. TheStreet raised Consumer Portfolio Services from a “sell” rating to a “hold” rating in a research report on Monday, August 15th. Finally, Janney Montgomery Scott reissued a “hold” rating on shares of Consumer Portfolio Services in a research report on Thursday, September 22nd. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $5.25.

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