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

Consumer Portfolio Services, Inc. (NASDAQ:CPSS)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $9.04 and traded as high as $9.70. Consumer Portfolio Services shares last traded at $9.55, with a volume of 28,907 shares changing hands.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Weiss Ratings raised Consumer Portfolio Services from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday. Wall Street Zen raised shares of Consumer Portfolio Services to a “hold” rating in a report on Saturday, July 18th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Consumer Portfolio Services Stock Up 0.3%

The stock has a 50-day moving average of $9.32 and a 200 day moving average of $9.05. The company has a market capitalization of $204.60 million, a PE ratio of 10.32 and a beta of 1.11. The company has a quick ratio of 5.67, a current ratio of 5.67 and a debt-to-equity ratio of 10.43.

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

Insider Activity at Consumer Portfolio Services

In related news, VP Catrina Marie Ralston sold 3,617 shares of the stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $9.50, for a total transaction of $34,361.50. Following the completion of the transaction, the vice president owned 68,262 shares in the company, valued at approximately $648,489. This represents a 5.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Noel Jackson sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $9.31, for a total transaction of $69,825.00. Following the sale, the vice president owned 7,500 shares of the company’s stock, valued at $69,825. This trade represents a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 137,500 shares of company stock worth $1,299,825. 63.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. purchased a new position in shares of Consumer Portfolio Services during the 2nd quarter valued at $6,297,000. Empowered Funds LLC purchased a new stake in shares of Consumer Portfolio Services in the second quarter worth $1,456,000. Bank of New York Mellon Corp purchased a new stake in shares of Consumer Portfolio Services in the second quarter worth $221,000. Deutsche Bank AG purchased a new stake in shares of Consumer Portfolio Services in the second quarter worth $115,000. Finally, Janney Montgomery Scott LLC boosted its stake in Consumer Portfolio Services by 3.4% during the first quarter. Janney Montgomery Scott LLC now owns 51,003 shares of the credit services provider’s stock valued at $394,000 after buying an additional 1,672 shares during the period. Institutional investors own 47.57% of the company’s stock.

Consumer Portfolio Services Company Profile

Consumer Portfolio Services, Inc (NASDAQ: CPSS) is a specialty finance company focused on automobile lending. The company provides financing to consumers who may have limited or impaired credit histories and primarily supports the purchase of used vehicles.

Consumer Portfolio Services generally originates business through an indirect lending model. It purchases and services retail installment sales contracts generated by franchised and independent automobile dealers, allowing dealers to offer financing to customers while transferring the contracts to the company.