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

Consumer Portfolio Services, Inc. (NASDAQ:CPSS) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $8.86 and traded as high as $9.71. Consumer Portfolio Services shares last traded at $9.63, with a volume of 41,413 shares traded.

Analyst Ratings Changes

Separately, Weiss Ratings raised Consumer Portfolio Services from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, July 1st. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Consumer Portfolio Services presently has an average rating of “Hold”.

Consumer Portfolio Services Price Performance

The company’s 50-day moving average is $9.62 and its 200-day moving average is $8.86. The firm has a market cap of $208.97 million, a price-to-earnings ratio of 11.33 and a beta of 1.13. The company has a current ratio of 7.48, a quick ratio of 7.48 and a debt-to-equity ratio of 10.18.

Consumer Portfolio Services (NASDAQ:CPSS) last announced 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 business had revenue of $52.27 million during the quarter. Equities research analysts predict that Consumer Portfolio Services, Inc. will post 1.45 earnings per share for the current year.

Insider Activity

In other news, VP Noel Jackson sold 7,000 shares of Consumer Portfolio Services stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $9.63, for a total value of $67,410.00. Following the transaction, the vice president owned 7,000 shares in the company, valued at approximately $67,410. This trade represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 63.70% of the company’s stock.

Institutional Trading of Consumer Portfolio Services

Several large investors have recently bought and sold shares of the business. Russell Investments Group Ltd. grew its position in Consumer Portfolio Services by 6,347.2% in the fourth quarter. Russell Investments Group Ltd. now owns 97,740 shares of the credit services provider’s stock valued at $912,000 after acquiring an additional 96,224 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Consumer Portfolio Services by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 221,565 shares of the credit services provider’s stock worth $2,067,000 after acquiring an additional 3,604 shares during the last quarter. Citadel Advisors LLC bought a new position in shares of Consumer Portfolio Services in the third quarter worth about $163,000. Empowered Funds LLC boosted its stake in shares of Consumer Portfolio Services by 3.8% in the 1st quarter. Empowered Funds LLC now owns 150,808 shares of the credit services provider’s stock valued at $1,308,000 after purchasing an additional 5,588 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted 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 valued at $275,000 after purchasing an additional 4,789 shares in the last quarter. 47.57% of the stock is 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.