Consumer Portfolio Services (NASDAQ:CPSS) Share Price Breaks Above 200-Day Moving Average – Time to Sell?

Consumer Portfolio Services, Inc. (NASDAQ:CPSS) shares crossed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $9.23 and traded as high as $9.45. Consumer Portfolio Services shares last traded at $9.13, with a volume of 24,287 shares changing hands.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Weiss Ratings raised shares of Consumer Portfolio Services from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, September 14th. Wall Street Zen cut shares of Consumer Portfolio Services from a “buy” rating to a “hold” rating in a report on Monday, October 5th. One equities research analyst has rated the stock with a Hold rating. According to MarketBeat, the company currently has a consensus rating of “Hold”.

Consumer Portfolio Services Stock Down 1.0%

The firm’s 50-day simple moving average is $9.32 and its two-hundred day simple moving average is $9.24. The company has a debt-to-equity ratio of 10.43, a quick ratio of 5.67 and a current ratio of 5.67. The stock has a market cap of $198.72 million, a price-to-earnings ratio of 9.86 and a beta of 1.14.

Consumer Portfolio Services (NASDAQ:CPSS) last issued its quarterly earnings results on Tuesday, August 4th. The credit services provider reported $0.27 EPS for the quarter. Consumer Portfolio Services had a net margin of 4.78% and a return on equity of 6.91%. The firm had revenue of $57.14 million for the quarter.

Insider Buying and Selling

In related news, VP Catrina Marie Ralston sold 3,617 shares of the company’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 sale, the vice president directly owned 68,262 shares of the company’s stock, valued at $648,489. This represents a 5.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Charles E. Bradley, Jr. sold 125,000 shares of the stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $9.46, for a total value of $1,182,500.00. Following the completion of the transaction, the chief executive officer directly owned 4,099,545 shares in the company, valued at approximately $38,781,695.70. This represents a 2.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 137,500 shares of company stock valued at $1,299,825 over the last ninety days. 63.80% of the stock is owned by corporate insiders.

Institutional Trading of Consumer Portfolio Services

A number of large investors have recently made changes to their positions in CPSS. Deutsche Bank AG acquired a new stake in shares of Consumer Portfolio Services in the second quarter worth $115,000. Bank of New York Mellon Corp boosted its stake in shares of Consumer Portfolio Services by 9.6% in the first 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. Janney Montgomery Scott LLC boosted its stake in Consumer Portfolio Services by 3.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 51,003 shares of the credit services provider’s stock worth $394,000 after purchasing an additional 1,672 shares during the last quarter. Empowered Funds LLC purchased a new position in Consumer Portfolio Services in the 2nd quarter worth approximately $1,456,000. Finally, BlackRock Inc. purchased a new stake in shares of Consumer Portfolio Services in the second quarter valued at about $6,297,000. 47.57% of the stock is currently owned by institutional investors.

Consumer Portfolio Services Company Profile

Consumer Portfolio Services, Inc (NASDAQ: CPSS) is a specialty finance company that provides automobile financing to consumers, including borrowers who may have limited or impaired credit histories. The company primarily operates through an indirect lending model, purchasing retail installment sales contracts originated by automobile dealerships and providing financing for the purchase of new and used vehicles.

Consumer Portfolio Services funds its lending activities through a combination of debt financing and the securitization of automobile receivables.