Consumer Portfolio Services (NASDAQ:CPSS) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Consumer Portfolio Services, Inc. (NASDAQ:CPSS) shares 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 traded.

Analyst Ratings Changes

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

Consumer Portfolio Services Stock Performance

The firm has a market capitalization of $207.67 million, a price-to-earnings ratio of 11.26 and a beta of 1.11. The stock’s fifty day moving average is $8.65 and its two-hundred day moving average is $8.64. The company has a quick ratio of 7.48, a current ratio of 7.48 and a debt-to-equity ratio of 10.18.

Consumer Portfolio Services (NASDAQ:CPSS) last released its quarterly earnings data 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 for the quarter. On average, analysts predict that Consumer Portfolio Services, Inc. will post 1.45 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Daniel S. Wood sold 20,000 shares of the stock in a transaction dated 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 transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 63.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CPSS. Wells Fargo & Company MN increased 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 valued at $100,000 after purchasing an additional 3,605 shares during the period. JPMorgan Chase & Co. grew its position in shares of 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 buying an additional 2,333 shares during the period. Barclays PLC grew its position in shares of 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 buying an additional 1,860 shares during the period. Citadel Advisors LLC acquired a new stake in shares of Consumer Portfolio Services during the 3rd quarter worth approximately $163,000. Finally, Bank of New York Mellon Corp grew its position in shares of 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 buying an additional 2,026 shares during the period. Institutional investors and hedge funds own 47.57% of the company’s stock.

About Consumer Portfolio Services

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.