Consumer Portfolio Services (NASDAQ:CPSS) Stock Passes Above 200-Day Moving Average – Time to Sell?

Consumer Portfolio Services, Inc. (NASDAQ:CPSS) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $8.55 and traded as high as $9.71. Consumer Portfolio Services shares last traded at $9.71, with a volume of 26,834 shares.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Consumer Portfolio Services from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, May 1st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Consumer Portfolio Services currently has an average rating of “Sell”.

Consumer Portfolio Services Stock Up 0.8%

The company has a debt-to-equity ratio of 10.18, a quick ratio of 9.81 and a current ratio of 7.48. The company has a market cap of $210.71 million, a price-to-earnings ratio of 11.42 and a beta of 1.11. The business has a 50-day simple moving average of $8.37 and a 200-day simple moving average of $8.55.

Consumer Portfolio Services (NASDAQ:CPSS) last posted its quarterly earnings results on Tuesday, May 5th. The credit services provider reported $0.24 earnings per share (EPS) for the quarter. The company had revenue of $52.27 million for the quarter. Consumer Portfolio Services had a return on equity of 6.54% and a net margin of 4.58%. On average, equities 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 other Consumer Portfolio Services news, Director Daniel S. Wood sold 20,000 shares of the stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $7.53, for a total value of $150,600.00. Following the sale, the director owned 194,943 shares of the company’s stock, valued at $1,467,920.79. This trade represents a 9.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 63.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Consumer Portfolio Services

Hedge funds and other institutional investors have recently made changes to their positions in the business. Wells Fargo & Company MN raised its position in shares of Consumer Portfolio Services by 50.5% during the 4th quarter. Wells Fargo & Company MN now owns 10,744 shares of the credit services provider’s stock worth $100,000 after acquiring an additional 3,605 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Consumer Portfolio Services by 17.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 15,739 shares of the credit services provider’s stock worth $119,000 after acquiring an additional 2,333 shares in the last quarter. Barclays PLC raised its position in shares of Consumer Portfolio Services by 12.2% during the 4th quarter. Barclays PLC now owns 17,049 shares of the credit services provider’s stock worth $159,000 after acquiring an additional 1,860 shares in the last quarter. Citadel Advisors LLC acquired a new stake in shares of Consumer Portfolio Services during the 3rd quarter worth about $163,000. Finally, Bank of New York Mellon Corp raised its position in shares of Consumer Portfolio Services by 9.6% during the 1st quarter. Bank of New York Mellon Corp now owns 23,022 shares of the credit services provider’s stock worth $178,000 after acquiring an additional 2,026 shares in the last quarter. Institutional investors and hedge funds 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.