Consumer Portfolio Services (NASDAQ:CPSS) Shares Cross Above Two Hundred Day Moving Average – Here’s What Happened

Consumer Portfolio Services, Inc. (NASDAQ:CPSS) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $8.68 and traded as high as $9.86. Consumer Portfolio Services shares last traded at $9.86, with a volume of 9,894 shares changing hands.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of Consumer Portfolio Services from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, May 1st. One research 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 Trading Up 0.2%

The stock has a market capitalization of $213.96 million, a price-to-earnings ratio of 11.60 and a beta of 1.11. The company’s 50-day moving average is $8.84 and its 200-day moving average is $8.68. The company has a quick ratio of 7.48, a current ratio of 7.48 and a debt-to-equity ratio of 10.18.

Consumer Portfolio Services (NASDAQ:CPSS) last released its quarterly earnings data on Tuesday, May 5th. The credit services provider reported $0.24 earnings per share (EPS) for the quarter. Consumer Portfolio Services had a net margin of 4.58% and a return on equity of 6.54%. The firm had revenue of $52.27 million during the quarter. Research analysts anticipate that Consumer Portfolio Services, Inc. will post 1.45 earnings per share for the current fiscal year.

Insider Transactions at Consumer Portfolio Services

In related news, Director Daniel S. Wood sold 20,000 shares of the firm’s 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 sale, the director directly owned 194,943 shares in the company, valued at approximately $1,467,920.79. This trade represents a 9.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 63.70% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of CPSS. Goldman Sachs Group Inc. boosted its stake in Consumer Portfolio Services by 17.8% during the first quarter. Goldman Sachs Group Inc. now owns 31,752 shares of the credit services provider’s stock worth $275,000 after buying an additional 4,789 shares during the period. Empowered Funds LLC boosted its stake 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 buying an additional 5,588 shares during the period. Geode Capital Management LLC boosted its stake in Consumer Portfolio Services by 8.5% during the second quarter. Geode Capital Management LLC now owns 212,555 shares of the credit services provider’s stock worth $2,090,000 after buying an additional 16,563 shares during the period. JPMorgan Chase & Co. boosted its stake in 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 buying an additional 2,333 shares during the period. Finally, Citadel Advisors LLC purchased a new position in Consumer Portfolio Services during the third quarter worth about $163,000. Hedge funds and other 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.