Consumer Portfolio Services (NASDAQ:CPSS) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

Consumer Portfolio Services, Inc. (NASDAQ:CPSS)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.87 and traded as high as $9.55. Consumer Portfolio Services shares last traded at $9.27, with a volume of 20,997 shares trading hands.

Wall Street Analysts Forecast Growth

CPSS has been the subject of a number of recent research reports. Wall Street Zen raised Consumer Portfolio Services to a “hold” rating in a research note on Saturday, July 18th. Weiss Ratings raised Consumer Portfolio Services from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, July 1st. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold”.

Consumer Portfolio Services Trading Down 0.7%

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 company has a market capitalization of $205.71 million, a PE ratio of 11.15 and a beta of 1.13. The stock’s fifty day moving average price is $9.48 and its two-hundred day moving average price is $8.87.

Consumer Portfolio Services (NASDAQ:CPSS) last announced its quarterly earnings results on Tuesday, May 5th. The credit services provider reported $0.24 earnings per share (EPS) for the quarter. Consumer Portfolio Services had a return on equity of 6.54% and a net margin of 4.58%.The company had revenue of $52.27 million for the quarter.

Insider Activity

In other news, VP Noel Jackson sold 7,000 shares of the business’s stock in a transaction that occurred 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 transaction, the vice president directly owned 7,000 shares of the company’s stock, valued at approximately $67,410. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 63.70% of the company’s stock.

Institutional Trading of Consumer Portfolio Services

Several large investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. raised its holdings 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 worth $275,000 after purchasing an additional 4,789 shares in the last quarter. Empowered Funds LLC raised its stake in Consumer Portfolio Services by 3.8% in 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 in the last quarter. Geode Capital Management LLC raised its stake in Consumer Portfolio Services by 8.5% in 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 in the last quarter. JPMorgan Chase & Co. lifted its stake 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 purchasing an additional 2,333 shares during the period. Finally, Citadel Advisors LLC purchased a new position in Consumer Portfolio Services during the third quarter valued at $163,000. Institutional investors 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.