Consumer Portfolio Services (NASDAQ:CPSS) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

Consumer Portfolio Services, Inc. (NASDAQ:CPSS)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $8.60 and traded as high as $9.33. Consumer Portfolio Services shares last traded at $9.23, with a volume of 6,781 shares.

Analyst Upgrades and Downgrades

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

Consumer Portfolio Services Price Performance

The company has a market capitalization of $203.71 million, a P/E ratio of 11.54 and a beta of 1.05. 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 business has a 50 day simple moving average of $8.46 and a 200-day simple moving average of $8.60.

Consumer Portfolio Services (NASDAQ:CPSS) last released its quarterly earnings results on Monday, November 10th. The credit services provider reported $0.20 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.05). The firm had revenue of $49.32 million for the quarter, compared to the consensus estimate of $111.49 million. Consumer Portfolio Services had a return on equity of 6.49% and a net margin of 4.53%. Analysts predict that Consumer Portfolio Services, Inc. will post 0.85 EPS for the current fiscal year.

Insider Buying and Selling at Consumer Portfolio Services

In other news, Director William B. Roberts sold 100,000 shares of the business’s stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $8.69, for a total transaction of $869,000.00. Following the completion of the transaction, the director directly owned 485,702 shares in the company, valued at approximately $4,220,750.38. The trade was a 17.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 63.70% of the company’s stock.

Institutional Trading of Consumer Portfolio Services

Several hedge funds have recently added to or reduced their stakes in CPSS. Goldman Sachs Group Inc. lifted its stake 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 acquiring an additional 4,789 shares during the period. Voya Investment Management LLC raised its stake in shares of Consumer Portfolio Services by 67.3% in the 1st 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 in the last quarter. Police & Firemen s Retirement System of New Jersey acquired a new stake in shares of Consumer Portfolio Services in the second quarter valued at $29,000. Citadel Advisors LLC acquired a new stake in shares of Consumer Portfolio Services in the third quarter valued at $163,000. Finally, JPMorgan Chase & Co. boosted its stake 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 buying an additional 2,333 shares in the last quarter. Institutional investors 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.