Consumer Portfolio Services (NASDAQ:CPSS) Share Price Passes Above 200 Day Moving Average – What’s Next?

Consumer Portfolio Services, Inc. (NASDAQ:CPSS)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $8.84 and traded as high as $9.60. Consumer Portfolio Services shares last traded at $9.54, with a volume of 12,301 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 report on Friday, May 1st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Consumer Portfolio Services currently has a consensus rating of “Sell”.

Consumer Portfolio Services Stock Performance

The company has a 50 day moving average price of $9.44 and a 200-day moving average price of $8.84. The company has a current ratio of 7.48, a quick ratio of 7.48 and a debt-to-equity ratio of 10.18. The company has a market cap of $207.02 million, a P/E ratio of 11.22 and a beta of 1.12.

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

Insider Transactions at Consumer Portfolio Services

In other Consumer Portfolio Services news, VP Noel Jackson sold 7,000 shares of the business’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $9.63, for a total transaction of $67,410.00. Following the completion of the transaction, the vice president owned 7,000 shares of the company’s stock, valued at approximately $67,410. The trade was a 50.00% decrease in their ownership of the stock. The sale 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 currently owned by corporate insiders.

Institutional Investors Weigh In On Consumer Portfolio Services

A number of hedge funds have recently made changes to their positions in CPSS. Bank of New York Mellon Corp grew its holdings 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 valued at $178,000 after purchasing an additional 2,026 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in Consumer Portfolio Services by 3.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 51,003 shares of the credit services provider’s stock valued at $394,000 after purchasing an additional 1,672 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in Consumer Portfolio Services by 6,347.2% in the 4th quarter. Russell Investments Group Ltd. now owns 97,740 shares of the credit services provider’s stock valued at $912,000 after purchasing an additional 96,224 shares during the last quarter. Barclays PLC boosted its position in Consumer Portfolio Services by 12.2% in the fourth quarter. Barclays PLC now owns 17,049 shares of the credit services provider’s stock valued at $159,000 after buying an additional 1,860 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in Consumer Portfolio Services by 50.5% in the fourth quarter. Wells Fargo & Company MN now owns 10,744 shares of the credit services provider’s stock valued at $100,000 after buying an additional 3,605 shares in the last quarter. 47.57% of the stock is currently owned by institutional investors and hedge funds.

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.