Consumer Portfolio Services (NASDAQ:CPSS) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

Consumer Portfolio Services, Inc. (NASDAQ:CPSS)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.50 and traded as high as $9.14. Consumer Portfolio Services shares last traded at $8.70, with a volume of 15,108 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Consumer Portfolio Services in a report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

Consumer Portfolio Services Stock Performance

The stock’s 50-day moving average price is $8.84 and its 200 day moving average price is $8.50. The company has a quick ratio of 9.27, a current ratio of 9.27 and a debt-to-equity ratio of 10.06. The company has a market cap of $192.01 million, a P/E ratio of 10.88 and a beta of 1.03.

Consumer Portfolio Services (NASDAQ:CPSS) last posted its earnings results on Monday, November 10th. The credit services provider reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.05). The firm had revenue of $49.32 million during the quarter, compared to analyst estimates of $111.49 million. Consumer Portfolio Services had a net margin of 4.53% and a return on equity of 6.49%. As a group, research analysts expect that Consumer Portfolio Services, Inc. will post 0.85 EPS for the current fiscal year.

Insider Activity

In other news, Director William B. Roberts sold 100,000 shares of the firm’s stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $8.69, for a total value of $869,000.00. Following the sale, the director directly owned 485,702 shares of the company’s stock, valued at approximately $4,220,750.38. This trade represents a 17.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 63.70% of the company’s stock.

Institutional Trading of Consumer Portfolio Services

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. grew its holdings in Consumer Portfolio Services by 17.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 15,739 shares of the credit services provider’s stock valued at $119,000 after buying an additional 2,333 shares during the last quarter. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of Consumer Portfolio Services in the second quarter valued at approximately $29,000. Goldman Sachs Group Inc. grew its stake in shares of Consumer Portfolio Services by 17.8% in the first quarter. Goldman Sachs Group Inc. now owns 31,752 shares of the credit services provider’s stock worth $275,000 after acquiring an additional 4,789 shares during the last quarter. Empowered Funds LLC increased its position in Consumer Portfolio Services by 3.8% during the first quarter. Empowered Funds LLC now owns 150,808 shares of the credit services provider’s stock worth $1,308,000 after acquiring an additional 5,588 shares during the period. Finally, Voya Investment Management LLC increased its position in Consumer Portfolio Services by 67.3% during the first quarter. Voya Investment Management LLC now owns 24,958 shares of the credit services provider’s stock worth $216,000 after acquiring an additional 10,037 shares during the period. Institutional investors and hedge funds own 47.57% of the company’s stock.

About Consumer Portfolio Services

Consumer Portfolio Services, Inc is a specialty finance company focused on originating and servicing retail installment contracts for the automotive industry. The company primarily serves subprime and near-prime borrowers by partnering with a network of franchised and independent auto dealers across the United States. By providing flexible financing solutions, CPS seeks to expand vehicle ownership opportunities for customers who may not qualify for traditional prime auto loans.

CPS operates through two principal segments: loan origination and servicing.