Consumer Portfolio Services (NASDAQ:CPSS) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Consumer Portfolio Services, Inc. (NASDAQ:CPSS) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.73 and traded as high as $9.52. Consumer Portfolio Services shares last traded at $9.00, with a volume of 20,159 shares trading hands.

Analysts Set New Price Targets

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

Consumer Portfolio Services Stock Performance

The stock has a market capitalization of $195.30 million, a P/E ratio of 10.59 and a beta of 1.12. The firm has a 50-day moving average of $9.04 and a 200 day moving average of $8.73. The company has a quick ratio of 7.48, a current ratio of 7.48 and a debt-to-equity ratio of 10.18.

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

Insider Buying and Selling

In related news, Director Daniel S. Wood sold 20,000 shares of the firm’s stock in a transaction on Friday, March 13th. The stock was sold at an average price of $7.53, for a total value of $150,600.00. Following the completion of the transaction, the director directly owned 194,943 shares of the company’s stock, valued at $1,467,920.79. This trade represents a 9.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 63.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Wells Fargo & Company MN raised its stake in Consumer Portfolio Services by 50.5% during the fourth quarter. Wells Fargo & Company MN now owns 10,744 shares of the credit services provider’s stock worth $100,000 after acquiring an additional 3,605 shares in the last quarter. JPMorgan Chase & Co. raised 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 worth $119,000 after acquiring an additional 2,333 shares in the last quarter. Barclays PLC raised its stake in Consumer Portfolio Services by 12.2% during the fourth quarter. Barclays PLC now owns 17,049 shares of the credit services provider’s stock worth $159,000 after acquiring an additional 1,860 shares in the last quarter. Citadel Advisors LLC acquired a new position in Consumer Portfolio Services during the third quarter worth $163,000. Finally, Bank of New York Mellon Corp raised its stake in Consumer Portfolio Services by 9.6% during the first quarter. Bank of New York Mellon Corp now owns 23,022 shares of the credit services provider’s stock worth $178,000 after acquiring an additional 2,026 shares in the last quarter. 47.57% of the stock is currently owned by institutional investors and hedge funds.

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.