Consumer Portfolio Services (NASDAQ:CPSS) Stock Crosses Above 200-Day Moving Average – Should You Sell?

Consumer Portfolio Services, Inc. (NASDAQ:CPSS)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $8.43 and traded as high as $9.50. Consumer Portfolio Services shares last traded at $9.49, with a volume of 41,377 shares trading hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of Consumer Portfolio Services from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday. One equities 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 10.20, a current ratio of 9.81 and a quick ratio of 9.81. The company’s 50 day moving average is $8.13 and its 200 day moving average is $8.44. The stock has a market cap of $206.50 million, a price-to-earnings ratio of 11.86 and a beta of 1.11.

Consumer Portfolio Services (NASDAQ:CPSS) last announced its quarterly earnings data on Tuesday, March 10th. The credit services provider reported $0.21 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.02). Consumer Portfolio Services had a net margin of 4.45% and a return on equity of 6.34%. The company had revenue of $50.11 million during the quarter, compared to analyst estimates of $110.64 million. Research analysts forecast that Consumer Portfolio Services, Inc. will post 1.45 earnings per share for the current fiscal year.

Insider Activity at Consumer Portfolio Services

In other Consumer Portfolio Services news, Director Daniel S. Wood sold 20,000 shares of Consumer Portfolio Services stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $7.53, for a total transaction of $150,600.00. Following the completion of the transaction, the director owned 194,943 shares in the company, valued at approximately $1,467,920.79. The trade was a 9.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 63.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Consumer Portfolio Services

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC raised its position in Consumer Portfolio Services by 3.4% during the first quarter. Janney Montgomery Scott LLC now owns 51,003 shares of the credit services provider’s stock worth $394,000 after acquiring an additional 1,672 shares during the last quarter. Russell Investments Group Ltd. raised its position in Consumer Portfolio Services by 6,347.2% during the fourth quarter. Russell Investments Group Ltd. now owns 97,740 shares of the credit services provider’s stock worth $912,000 after acquiring an additional 96,224 shares during the last quarter. Barclays PLC raised its position 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 during the last quarter. Wells Fargo & Company MN raised its position 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 during the last quarter. Finally, Geode Capital Management LLC raised its position in 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 during the last quarter. 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.