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

Consumer Portfolio Services, Inc. (NASDAQ:CPSS) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $8.63 and traded as high as $9.97. Consumer Portfolio Services shares last traded at $9.85, with a volume of 18,954 shares changing hands.

Wall Street Analysts Forecast Growth

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 analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Consumer Portfolio Services currently has an average rating of “Sell”.

Consumer Portfolio Services Price Performance

The company has a debt-to-equity ratio of 10.18, a current ratio of 7.48 and a quick ratio of 7.48. The stock has a market cap of $213.75 million, a P/E ratio of 11.59 and a beta of 1.11. The company’s 50 day simple moving average is $8.61 and its 200 day simple moving average is $8.63.

Consumer Portfolio Services (NASDAQ:CPSS) last issued its 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 firm had revenue of $52.27 million during the quarter. As a group, equities analysts forecast that Consumer Portfolio Services, Inc. will post 1.45 earnings per share for the current year.

Insider Buying and Selling

In other Consumer Portfolio Services 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 value of $150,600.00. Following the completion of the sale, the director owned 194,943 shares of the company’s stock, valued at approximately $1,467,920.79. This represents a 9.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 63.70% of the company’s stock.

Institutional Investors Weigh In On Consumer Portfolio Services

Large investors have recently made changes to their positions in the stock. Geode Capital Management LLC increased its position in shares of Consumer Portfolio Services by 8.5% during the second quarter. Geode Capital Management LLC now owns 212,555 shares of the credit services provider’s stock worth $2,090,000 after acquiring an additional 16,563 shares in the last quarter. Empowered Funds LLC increased its position in shares of 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 in the last quarter. Russell Investments Group Ltd. increased its position in shares of Consumer Portfolio Services by 6,347.2% during the fourth quarter. Russell Investments Group Ltd. now owns 97,740 shares of the credit services provider’s stock worth $912,000 after acquiring an additional 96,224 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Consumer Portfolio Services by 17.8% during 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 in the last quarter. Finally, Citadel Advisors LLC bought a new stake in shares of Consumer Portfolio Services during the third quarter worth $163,000. Institutional investors 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.