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

Consumer Portfolio Services, Inc. (NASDAQ:CPSS)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $8.91 and traded as high as $9.52. Consumer Portfolio Services shares last traded at $9.52, with a volume of 21,782 shares traded.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CPSS. Weiss Ratings upgraded Consumer Portfolio Services from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, July 1st. Wall Street Zen upgraded shares of Consumer Portfolio Services to a “hold” rating in a research note on Saturday, July 18th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Consumer Portfolio Services currently has a consensus rating of “Hold”.

Consumer Portfolio Services Stock Down 1.3%

The company has a market capitalization of $205.04 million, a PE ratio of 10.34 and a beta of 1.13. The stock’s fifty day moving average is $9.43 and its two-hundred day moving average is $8.92. The company has a current ratio of 7.48, a quick ratio of 7.48 and a debt-to-equity ratio of 10.18.

Consumer Portfolio Services (NASDAQ:CPSS) last posted its quarterly earnings data on Tuesday, August 4th. The credit services provider reported $0.27 earnings per share (EPS) for the quarter. Consumer Portfolio Services had a net margin of 4.78% and a return on equity of 6.96%. The business had revenue of $57.14 million during the quarter.

Insider Buying and Selling

In other Consumer Portfolio Services news, VP Catrina Marie Ralston sold 3,617 shares of the firm’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $9.50, for a total value of $34,361.50. Following the completion of the sale, the vice president directly owned 68,262 shares of the company’s stock, valued at $648,489. This trade represents a 5.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Noel Jackson sold 7,000 shares of the company’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $9.63, for a total value of $67,410.00. Following the transaction, the vice president directly owned 7,000 shares in the company, valued at $67,410. This represents a 50.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 12,000 shares of company stock worth $114,910 in the last ninety days. 63.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Consumer Portfolio Services

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN boosted its position in Consumer Portfolio Services by 50.5% during the fourth quarter. Wells Fargo & Company MN now owns 10,744 shares of the credit services provider’s stock worth $100,000 after purchasing an additional 3,605 shares during the period. Deutsche Bank AG bought a new stake in shares of Consumer Portfolio Services in the second quarter valued at approximately $115,000. JPMorgan Chase & Co. raised its position in shares of Consumer Portfolio Services by 17.4% in the third quarter. JPMorgan Chase & Co. now owns 15,739 shares of the credit services provider’s stock valued at $119,000 after purchasing an additional 2,333 shares during the period. Barclays PLC lifted its stake in shares of Consumer Portfolio Services by 12.2% during the 4th quarter. Barclays PLC now owns 17,049 shares of the credit services provider’s stock valued at $159,000 after buying an additional 1,860 shares in the last quarter. Finally, Citadel Advisors LLC bought a new position in Consumer Portfolio Services in the 3rd quarter worth approximately $163,000. 47.57% of the stock is currently owned by institutional investors.

Consumer Portfolio Services Company Profile

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.