Consumer Portfolio Services (NASDAQ:CPSS) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Consumer Portfolio Services, Inc. (NASDAQ:CPSS) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.73 and traded as high as $9.52. Consumer Portfolio Services shares last traded at $9.00, with a volume of 20,159 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of Consumer Portfolio Services from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Consumer Portfolio Services has a consensus rating of “Sell”.

Consumer Portfolio Services Trading Up 4.4%

The firm has a market cap of $209.41 million, a price-to-earnings ratio of 11.35 and a beta of 1.12. The company has a 50 day moving average price of $9.11 and a 200 day moving average price of $8.75. The company has a debt-to-equity ratio of 10.18, a quick ratio of 7.48 and a current ratio of 7.48.

Consumer Portfolio Services (NASDAQ:CPSS) last posted its earnings results on Tuesday, May 5th. The credit services provider reported $0.24 earnings per share for the quarter. Consumer Portfolio Services had a net margin of 4.58% and a return on equity of 6.54%. The firm had revenue of $52.27 million during the quarter. On average, research analysts expect that Consumer Portfolio Services, Inc. will post 1.45 earnings per share for the current year.

Insider Activity

In related news, Director Daniel S. Wood sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $7.53, for a total transaction of $150,600.00. Following the sale, the director directly owned 194,943 shares of the company’s stock, valued at $1,467,920.79. This represents a 9.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 63.70% of the company’s stock.

Institutional Trading of Consumer Portfolio Services

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CPSS. Wells Fargo & Company MN grew its position in Consumer Portfolio Services by 50.5% during the 4th 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 last quarter. JPMorgan Chase & Co. grew its holdings in 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 last quarter. Barclays PLC raised its position in Consumer Portfolio Services by 12.2% during the fourth quarter. Barclays PLC now owns 17,049 shares of the credit services provider’s stock worth $159,000 after acquiring an additional 1,860 shares during the last quarter. Citadel Advisors LLC purchased a new stake in Consumer Portfolio Services in the 3rd quarter valued at approximately $163,000. Finally, Bank of New York Mellon Corp raised its stake in Consumer Portfolio Services by 9.6% in the 1st quarter. Bank of New York Mellon Corp now owns 23,022 shares of the credit services provider’s stock valued at $178,000 after purchasing an additional 2,026 shares during the last quarter. Institutional investors and hedge funds own 47.57% of the company’s stock.

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.