Consumer Portfolio Services (NASDAQ:CPSS) Shares Cross Above 200-Day Moving Average – Should You Sell?

Consumer Portfolio Services, Inc. (NASDAQ:CPSS) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $8.58 and traded as high as $9.44. Consumer Portfolio Services shares last traded at $9.33, with a volume of 22,050 shares trading hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Consumer Portfolio Services in a research note on Monday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Consumer Portfolio Services has a consensus rating of “Sell”.

Consumer Portfolio Services Price Performance

The firm’s fifty day moving average price is $8.65 and its 200 day moving average price is $8.59. The company has a quick ratio of 9.27, a current ratio of 9.27 and a debt-to-equity ratio of 10.06. The stock has a market cap of $205.91 million, a PE ratio of 11.66 and a beta of 1.03.

Consumer Portfolio Services (NASDAQ:CPSS) last posted its earnings results on Monday, November 10th. The credit services provider reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.05). The company had revenue of $49.32 million for the quarter, compared to analysts’ expectations of $111.49 million. Consumer Portfolio Services had a net margin of 4.53% and a return on equity of 6.49%. As a group, equities analysts expect that Consumer Portfolio Services, Inc. will post 0.85 EPS for the current fiscal year.

Insider Activity at Consumer Portfolio Services

In related news, Director William B. Roberts sold 100,000 shares of the firm’s stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $8.69, for a total value of $869,000.00. Following the completion of the transaction, the director directly owned 485,702 shares of the company’s stock, valued at approximately $4,220,750.38. This trade represents a 17.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 63.70% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in CPSS. Goldman Sachs Group Inc. boosted its holdings in shares of Consumer Portfolio Services by 17.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 31,752 shares of the credit services provider’s stock worth $275,000 after purchasing an additional 4,789 shares during the period. Voya Investment Management LLC lifted its position in Consumer Portfolio Services by 67.3% in the first quarter. Voya Investment Management LLC now owns 24,958 shares of the credit services provider’s stock worth $216,000 after buying an additional 10,037 shares during the last quarter. Police & Firemen s Retirement System of New Jersey purchased a new position in Consumer Portfolio Services during the second quarter worth $29,000. JPMorgan Chase & Co. increased its position in Consumer Portfolio Services by 17.4% during the third quarter. JPMorgan Chase & Co. now owns 15,739 shares of the credit services provider’s stock valued at $119,000 after acquiring an additional 2,333 shares during the last quarter. Finally, Citadel Advisors LLC bought a new position in Consumer Portfolio Services during the third quarter valued at $163,000. Hedge funds and other 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.