Consumer Portfolio Services (NASDAQ:CPSS) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

Shares of Consumer Portfolio Services, Inc. (NASDAQ:CPSS) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $8.43 and traded as high as $8.64. Consumer Portfolio Services shares last traded at $8.46, with a volume of 28,605 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Consumer Portfolio Services in a research note on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Consumer Portfolio Services currently has an average rating of “Sell”.

Consumer Portfolio Services Price Performance

The company has a debt-to-equity ratio of 10.06, a quick ratio of 9.27 and a current ratio of 9.27. The company has a fifty day moving average price of $8.86 and a two-hundred day moving average price of $8.43. The company has a market cap of $186.71 million, a P/E ratio of 10.58 and a beta of 1.03.

Consumer Portfolio Services (NASDAQ:CPSS) last released its earnings results on Monday, November 10th. The credit services provider reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.05). The company had revenue of $49.32 million for the quarter, compared to the consensus estimate of $111.49 million. Consumer Portfolio Services had a return on equity of 6.49% and a net margin of 4.53%. On average, sell-side analysts anticipate that Consumer Portfolio Services, Inc. will post 0.85 earnings per share for the current fiscal year.

Insider Activity at Consumer Portfolio Services

In related news, Director William B. Roberts sold 100,000 shares of the firm’s stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $8.69, for a total value of $869,000.00. Following the completion of the transaction, the director directly owned 485,702 shares of the company’s stock, valued at approximately $4,220,750.38. This trade represents a 17.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 63.70% of the company’s stock.

Institutional Trading of Consumer Portfolio Services

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its position in shares of Consumer Portfolio Services by 17.4% in the 3rd 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 period. Police & Firemen s Retirement System of New Jersey acquired a new stake in Consumer Portfolio Services in the 2nd quarter valued at about $29,000. Goldman Sachs Group Inc. lifted its stake in 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 during the last quarter. Empowered Funds LLC grew its holdings in Consumer Portfolio Services by 3.8% during the first 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 period. Finally, Voya Investment Management LLC increased its position in Consumer Portfolio Services by 67.3% during the first quarter. Voya Investment Management LLC now owns 24,958 shares of the credit services provider’s stock worth $216,000 after buying an additional 10,037 shares during the last quarter. 47.57% of the stock is owned by 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.