Consumer Portfolio Services (NASDAQ:CPSS) Share Price Passes Above 200-Day Moving Average – Should You Sell?

Shares of Consumer Portfolio Services, Inc. (NASDAQ:CPSS) crossed 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 Ratings Changes

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

Consumer Portfolio Services Stock Up 5.3%

The company has a quick ratio of 7.48, a current ratio of 7.48 and a debt-to-equity ratio of 10.18. The firm has a market cap of $217 million, a P/E ratio of 11.76 and a beta of 1.12. The firm’s 50-day moving average price is $9.46 and its 200 day moving average price is $8.85.

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

Insiders Place Their Bets

In other Consumer Portfolio Services news, VP Noel Jackson sold 7,000 shares of the company’s stock in a transaction dated 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 directly owned 7,000 shares of the company’s stock, valued at $67,410. This represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 63.70% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Wells Fargo & Company MN grew its stake in Consumer Portfolio Services by 50.5% in the 4th 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 during the last quarter. JPMorgan Chase & Co. boosted its stake in 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 buying an additional 2,333 shares in the last quarter. Barclays PLC grew 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 buying an additional 1,860 shares during the last quarter. Citadel Advisors LLC bought a new stake in Consumer Portfolio Services during the 3rd quarter worth about $163,000. Finally, Bank of New York Mellon Corp increased its stake in shares of Consumer Portfolio Services by 9.6% in 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 buying an additional 2,026 shares during the period. Institutional investors and hedge funds own 47.57% of the company’s stock.

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.