Consumer Portfolio Services (NASDAQ:CPSS) Stock Passes Above 200 Day Moving Average – Time to Sell?

Consumer Portfolio Services, Inc. (NASDAQ:CPSS)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.96 and traded as high as $9.45. Consumer Portfolio Services shares last traded at $9.16, with a volume of 21,315 shares traded.

Analysts Set New Price Targets

Several brokerages recently commented on CPSS. Weiss Ratings raised shares of Consumer Portfolio Services from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, July 1st. Wall Street Zen upgraded shares of 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, Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

Consumer Portfolio Services Price Performance

The business has a 50 day simple moving average of $9.40 and a two-hundred day simple moving average of $8.96. The firm has a market capitalization of $199.43 million, a P/E ratio of 10.05 and a beta of 1.13. The company has a debt-to-equity ratio of 10.43, a quick ratio of 5.67 and a current ratio of 5.67.

Consumer Portfolio Services (NASDAQ:CPSS) last issued its quarterly earnings results on Tuesday, August 4th. The credit services provider reported $0.27 earnings per share (EPS) for the quarter. Consumer Portfolio Services had a return on equity of 6.91% and a net margin of 4.78%.The firm had revenue of $57.14 million during the quarter.

Insider Buying and Selling

In other Consumer Portfolio Services news, VP Catrina Marie Ralston sold 3,617 shares of the business’s stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $9.50, for a total value of $34,361.50. Following the completion of the transaction, the vice president owned 68,262 shares of the company’s stock, valued at $648,489. The trade was a 5.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Noel Jackson sold 7,000 shares of the stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $9.63, for a total transaction of $67,410.00. Following the completion of the transaction, the vice president directly owned 7,000 shares in the company, valued at $67,410. The trade was a 50.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 12,000 shares of company stock worth $114,910 over the last ninety days. 63.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in CPSS. Janney Montgomery Scott LLC lifted its stake in Consumer Portfolio Services by 3.4% in the first quarter. Janney Montgomery Scott LLC now owns 51,003 shares of the credit services provider’s stock worth $394,000 after purchasing an additional 1,672 shares during the last quarter. Barclays PLC increased 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 worth $159,000 after buying an additional 1,860 shares during the period. Bank of New York Mellon Corp increased 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 worth $178,000 after buying an additional 2,026 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Consumer Portfolio Services by 17.4% in the third quarter. JPMorgan Chase & Co. now owns 15,739 shares of the credit services provider’s stock worth $119,000 after buying an additional 2,333 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Consumer Portfolio Services by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 221,565 shares of the credit services provider’s stock valued at $2,067,000 after acquiring an additional 3,604 shares during the last quarter. Institutional investors own 47.57% of the company’s stock.

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.