Consumer Portfolio Services (NASDAQ:CPSS) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Consumer Portfolio Services, Inc. (NASDAQ:CPSS)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $8.57 and traded as high as $9.25. Consumer Portfolio Services shares last traded at $9.23, with a volume of 14,276 shares traded.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Consumer Portfolio Services in a research note on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

Consumer Portfolio Services Stock Performance

The company has a market cap of $202.16 million, a P/E ratio of 11.45 and a beta of 1.03. The company’s 50-day moving average is $8.78 and its two-hundred day moving average is $8.55. The company has a quick ratio of 9.27, a current ratio of 9.27 and a debt-to-equity ratio of 10.06.

Consumer Portfolio Services (NASDAQ:CPSS) last announced its quarterly earnings data on Monday, November 10th. The credit services provider reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.05). Consumer Portfolio Services had a net margin of 4.53% and a return on equity of 6.49%. The firm had revenue of $49.32 million for the quarter, compared to the consensus estimate of $111.49 million. Equities analysts predict that Consumer Portfolio Services, Inc. will post 0.85 EPS for the current year.

Insider Buying and Selling

In related news, Director William B. Roberts sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $8.69, for a total value of $869,000.00. Following the completion of the transaction, the director directly owned 485,702 shares of the company’s stock, valued at approximately $4,220,750.38. This trade represents a 17.07% decrease in their position. 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 Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. raised its holdings in shares of Consumer Portfolio Services by 17.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 31,752 shares of the credit services provider’s stock valued at $275,000 after buying an additional 4,789 shares in the last quarter. Voya Investment Management LLC boosted its stake in Consumer Portfolio Services by 67.3% in the first quarter. Voya Investment Management LLC now owns 24,958 shares of the credit services provider’s stock worth $216,000 after buying an additional 10,037 shares in the last quarter. Citadel Advisors LLC bought a new position in Consumer Portfolio Services during the third quarter valued at approximately $163,000. Geode Capital Management LLC grew its position 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 valued at $2,090,000 after acquiring an additional 16,563 shares during the last quarter. Finally, Empowered Funds LLC raised its stake in shares of 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 acquiring an additional 5,588 shares in the last quarter. 47.57% of the stock is owned by institutional investors.

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.