Consumer Portfolio Services (NASDAQ:CPSS) Shares Cross Above 200 Day Moving Average – Here’s What Happened

Consumer Portfolio Services, Inc. (NASDAQ:CPSS)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $8.55 and traded as high as $9.71. Consumer Portfolio Services shares last traded at $9.71, with a volume of 26,834 shares.

Analysts Set New Price Targets

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

Consumer Portfolio Services Stock Down 2.8%

The company has a current ratio of 7.48, a quick ratio of 9.81 and a debt-to-equity ratio of 10.18. The stock’s fifty day moving average price is $8.44 and its 200 day moving average price is $8.57. The stock has a market cap of $214.61 million, a P/E ratio of 11.64 and a beta of 1.11.

Consumer Portfolio Services (NASDAQ:CPSS) last issued its quarterly earnings results on Tuesday, May 5th. The credit services provider reported $0.24 EPS for the quarter. Consumer Portfolio Services had a net margin of 4.58% and a return on equity of 6.54%. The business had revenue of $52.27 million for the quarter. As a group, research analysts forecast that Consumer Portfolio Services, Inc. will post 1.45 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Consumer Portfolio Services news, Director Daniel S. Wood sold 20,000 shares of the 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 transaction, the director directly owned 194,943 shares in the company, valued at $1,467,920.79. This trade represents a 9.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 63.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Wells Fargo & Company MN grew 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 valued at $100,000 after acquiring an additional 3,605 shares during the last quarter. JPMorgan Chase & Co. grew its position in Consumer Portfolio Services by 17.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 15,739 shares of the credit services provider’s stock worth $119,000 after acquiring an additional 2,333 shares during the last quarter. Barclays PLC grew its position in Consumer Portfolio Services by 12.2% during the 4th 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 bought a new position in Consumer Portfolio Services during the 3rd quarter worth approximately $163,000. Finally, Bank of New York Mellon Corp grew its position in Consumer Portfolio Services by 9.6% during the 1st quarter. Bank of New York Mellon Corp now owns 23,022 shares of the credit services provider’s stock worth $178,000 after acquiring an additional 2,026 shares during the last quarter. 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.