Consumer Portfolio Services (NASDAQ:CPSS) Stock Crosses Above 200-Day Moving Average of $8.89

Consumer Portfolio Services, Inc. (NASDAQ:CPSS) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $8.89 and traded as high as $9.18. Consumer Portfolio Services shares last traded at $8.63, with a volume of 37,292 shares.

Consumer Portfolio Services Trading Up 1.9 %

The firm has a market capitalization of $182.56 million, a PE ratio of 4.83 and a beta of 2.07. The company has a quick ratio of 9.69, a current ratio of 9.69 and a debt-to-equity ratio of 8.49. The business’s fifty day moving average price is $8.38 and its 200 day moving average price is $8.88.

Consumer Portfolio Services (NASDAQ:CPSS) last issued its quarterly earnings results on Friday, March 15th. The credit services provider reported $0.29 EPS for the quarter. Consumer Portfolio Services had a net margin of 12.88% and a return on equity of 17.46%. The business had revenue of $91.98 million during the quarter.

Institutional Investors Weigh In On Consumer Portfolio Services

A number of institutional investors have recently bought and sold shares of CPSS. JPMorgan Chase & Co. grew its holdings in Consumer Portfolio Services by 282.8% in the first quarter. JPMorgan Chase & Co. now owns 32,061 shares of the credit services provider’s stock valued at $326,000 after purchasing an additional 23,685 shares during the period. Citigroup Inc. acquired a new position in Consumer Portfolio Services during the first quarter valued at approximately $86,000. Arrowstreet Capital Limited Partnership acquired a new position in Consumer Portfolio Services during the first quarter valued at approximately $115,000. Lazard Asset Management LLC acquired a new position in Consumer Portfolio Services during the first quarter valued at approximately $39,000. Finally, Renaissance Technologies LLC lifted its position in Consumer Portfolio Services by 2.6% during the first quarter. Renaissance Technologies LLC now owns 462,158 shares of the credit services provider’s stock valued at $4,696,000 after buying an additional 11,600 shares in the last quarter. 47.57% of the stock is currently owned by hedge funds and other institutional investors.

Consumer Portfolio Services Company Profile

Consumer Portfolio Services, Inc operates as a specialty finance company in the United States. It is involved in the purchase and service of retail automobile contracts originated by franchised automobile dealers and select independent dealers in the sale of new and used automobiles, light trucks, and passenger vans.