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

Shares of Consumer Portfolio Services, Inc. (NASDAQ:CPSS) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.87 and traded as high as $9.55. Consumer Portfolio Services shares last traded at $9.27, with a volume of 20,997 shares changing hands.

Analyst Upgrades and Downgrades

A number of research firms have commented on CPSS. Weiss Ratings raised shares of Consumer Portfolio Services from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, July 1st. Wall Street Zen raised Consumer Portfolio Services to a “hold” rating in a research note on Saturday, July 18th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Consumer Portfolio Services Price Performance

The firm has a market cap of $201.16 million, a price-to-earnings ratio of 10.91 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. The company has a 50 day moving average of $9.49 and a 200 day moving average of $8.87.

Consumer Portfolio Services (NASDAQ:CPSS) last posted its earnings results on Tuesday, May 5th. The credit services provider reported $0.24 earnings per share (EPS) for the quarter. Consumer Portfolio Services had a return on equity of 6.54% and a net margin of 4.58%.The firm had revenue of $52.27 million during the quarter.

Insider Buying and Selling at Consumer Portfolio Services

In related news, VP Noel Jackson sold 7,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the vice president directly owned 7,000 shares in the company, valued at approximately $67,410. The trade was a 50.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 63.70% of the stock is owned by company insiders.

Institutional Trading of Consumer Portfolio Services

A number of large investors have recently bought and sold shares of CPSS. Janney Montgomery Scott LLC raised its holdings in Consumer Portfolio Services by 3.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 51,003 shares of the credit services provider’s stock worth $394,000 after buying an additional 1,672 shares during the period. Barclays PLC boosted its holdings in shares of 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 during the period. Bank of New York Mellon Corp boosted its holdings in shares of Consumer Portfolio Services by 9.6% in the first quarter. Bank of New York Mellon Corp now owns 23,022 shares of the credit services provider’s stock valued at $178,000 after buying an additional 2,026 shares during the period. JPMorgan Chase & Co. increased its position in shares of 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. Finally, Geode Capital Management LLC increased its position in shares of Consumer Portfolio Services by 1.7% during 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 in the last quarter. 47.57% of the stock is owned by institutional investors.

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.