Consumer Portfolio Services, Inc. (NASDAQ:CPSS) – Equities research analysts at Jefferies Group increased their Q1 2018 earnings per share (EPS) estimates for shares of Consumer Portfolio Services in a research note issued to investors on Wednesday. Jefferies Group analyst J. Hecht now anticipates that the credit services provider will post earnings of $0.20 per share for the quarter, up from their prior estimate of $0.16.
Consumer Portfolio Services (NASDAQ:CPSS) last released its quarterly earnings data on Monday, October 23rd. The credit services provider reported $0.17 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.17. Consumer Portfolio Services had a net margin of 4.87% and a return on equity of 11.09%. The company had revenue of $109.49 million for the quarter, compared to analysts’ expectations of $112.39 million.
Shares of Consumer Portfolio Services (NASDAQ:CPSS) opened at $4.04 on Thursday. The company has a current ratio of 17.19, a quick ratio of 17.19 and a debt-to-equity ratio of 10.89. Consumer Portfolio Services has a 1-year low of $3.66 and a 1-year high of $5.69. The firm has a market cap of $87.10, a P/E ratio of 5.32 and a beta of 1.92.
Several institutional investors have recently made changes to their positions in the company. Continental Advisors LLC increased its holdings in shares of Consumer Portfolio Services by 21.2% in the 3rd quarter. Continental Advisors LLC now owns 1,326,211 shares of the credit services provider’s stock valued at $6,048,000 after acquiring an additional 232,055 shares during the period. Vanguard Group Inc. increased its holdings in shares of Consumer Portfolio Services by 0.9% in the 2nd quarter. Vanguard Group Inc. now owns 760,620 shares of the credit services provider’s stock valued at $3,461,000 after acquiring an additional 6,530 shares during the period. Numeric Investors LLC grew its position in Consumer Portfolio Services by 0.5% in the 2nd quarter. Numeric Investors LLC now owns 244,034 shares of the credit services provider’s stock valued at $1,110,000 after buying an additional 1,329 shares during the last quarter. Hancock Holding Co. grew its position in Consumer Portfolio Services by 17.6% in the 2nd quarter. Hancock Holding Co. now owns 44,185 shares of the credit services provider’s stock valued at $201,000 after buying an additional 6,615 shares during the last quarter. Finally, Macquarie Group Ltd. purchased a new position in Consumer Portfolio Services in the 3rd quarter valued at $114,000. 48.35% of the stock is currently owned by institutional investors and hedge funds.
In other Consumer Portfolio Services news, major shareholder Second Curve Capital Llc bought 150,000 shares of the business’s stock in a transaction dated Monday, November 20th. The shares were acquired at an average cost of $4.22 per share, with a total value of $633,000.00. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Curtis K. Powell sold 7,000 shares of Consumer Portfolio Services stock in a transaction on Friday, November 17th. The shares were sold at an average price of $4.26, for a total transaction of $29,820.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 235,100 shares of company stock worth $989,660. 37.50% of the stock is owned by corporate insiders.
About Consumer Portfolio Services
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.
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