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

Shares of Consumer Portfolio Services, Inc. (NASDAQ:CPSS) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $8.68 and traded as high as $9.86. Consumer Portfolio Services shares last traded at $9.86, with a volume of 9,894 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of Consumer Portfolio Services from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, May 1st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

Consumer Portfolio Services Trading Up 0.2%

The firm has a market capitalization of $213.96 million, a PE ratio of 11.60 and a beta of 1.11. The company’s 50-day moving average price is $8.84 and its 200-day moving average price is $8.68. The company has a debt-to-equity ratio of 10.18, a quick ratio of 7.48 and a current ratio of 7.48.

Consumer Portfolio Services (NASDAQ:CPSS) last released its quarterly earnings data on Tuesday, May 5th. The credit services provider reported $0.24 earnings per share (EPS) for the quarter. The business had revenue of $52.27 million during the quarter. Consumer Portfolio Services had a net margin of 4.58% and a return on equity of 6.54%. On average, sell-side analysts expect that Consumer Portfolio Services, Inc. will post 1.45 earnings per share for the current year.

Insider Activity

In other news, Director Daniel S. Wood sold 20,000 shares of Consumer Portfolio Services stock in a transaction on Friday, March 13th. The shares were sold at an average price of $7.53, for a total transaction of $150,600.00. Following the completion of the sale, the director directly owned 194,943 shares of the company’s stock, valued at approximately $1,467,920.79. The trade was a 9.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 63.70% of the company’s stock.

Institutional Investors Weigh In On Consumer Portfolio Services

Several institutional investors have recently modified their holdings of CPSS. Goldman Sachs Group Inc. lifted its position in shares of Consumer Portfolio Services by 17.8% during 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 last quarter. Empowered Funds LLC lifted its position in shares of Consumer Portfolio Services by 3.8% during the 1st quarter. Empowered Funds LLC now owns 150,808 shares of the credit services provider’s stock worth $1,308,000 after purchasing an additional 5,588 shares during the last quarter. Geode Capital Management LLC lifted its position in Consumer Portfolio Services by 8.5% in the second quarter. Geode Capital Management LLC now owns 212,555 shares of the credit services provider’s stock valued at $2,090,000 after acquiring an additional 16,563 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Consumer Portfolio Services by 17.4% in 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 purchased a new stake in Consumer Portfolio Services in the third quarter valued at $163,000. 47.57% of the stock is owned by hedge funds and other institutional investors.

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.