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

Consumer Portfolio Services, Inc. (NASDAQ:CPSS) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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.

Consumer Portfolio Services Stock Performance

The firm has a market capitalization of $206.50 million, a PE ratio of 11.86 and a beta of 1.11. The company has a current ratio of 9.81, a quick ratio of 9.81 and a debt-to-equity ratio of 10.20. The business’s 50 day simple moving average is $8.13 and its two-hundred day simple moving average is $8.43.

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

Insiders Place Their Bets

In other Consumer Portfolio Services news, Director Daniel S. Wood sold 20,000 shares of the business’s stock in a transaction on 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. The trade was a 9.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 63.70% of the company’s stock.

Institutional Investors Weigh In On Consumer Portfolio Services

A number of hedge funds have recently added to or reduced their stakes in CPSS. Wells Fargo & Company MN increased its stake in shares of Consumer Portfolio Services by 50.5% in the 4th quarter. Wells Fargo & Company MN now owns 10,744 shares of the credit services provider’s stock worth $100,000 after purchasing an additional 3,605 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Consumer Portfolio Services by 8.5% in the 2nd quarter. Geode Capital Management LLC now owns 212,555 shares of the credit services provider’s stock worth $2,090,000 after purchasing an additional 16,563 shares in the last quarter. Empowered Funds LLC increased its stake in shares of Consumer Portfolio Services by 3.8% in the 1st quarter. Empowered Funds LLC now owns 150,808 shares of the credit services provider’s stock worth $1,308,000 after purchasing an additional 5,588 shares in the last quarter. Russell Investments Group Ltd. increased its stake in shares of Consumer Portfolio Services by 6,347.2% in the 4th quarter. Russell Investments Group Ltd. now owns 97,740 shares of the credit services provider’s stock worth $912,000 after purchasing an additional 96,224 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in shares of 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. 47.57% of the stock is currently owned by hedge funds and other institutional investors.

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.