Consumer Portfolio Services (NASDAQ:CPSS) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

Consumer Portfolio Services, Inc. (NASDAQ:CPSS) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $8.86 and traded as high as $9.71. Consumer Portfolio Services shares last traded at $9.63, with a volume of 41,413 shares traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of Consumer Portfolio Services from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, July 1st. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold”.

Consumer Portfolio Services Trading Down 2.0%

The business has a 50-day simple moving average of $9.60 and a two-hundred day simple moving average of $8.86. The stock has a market cap of $197.25 million, a price-to-earnings ratio of 10.69 and a beta of 1.13. The company has a debt-to-equity ratio of 10.18, a current ratio of 7.48 and a quick ratio of 7.48.

Consumer Portfolio Services (NASDAQ:CPSS) last released its quarterly earnings data 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 firm had revenue of $52.27 million for the quarter. Equities analysts forecast that Consumer Portfolio Services, Inc. will post 1.45 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, VP Noel Jackson sold 7,000 shares of the stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $9.63, for a total value of $67,410.00. Following the sale, the vice president owned 7,000 shares in the company, valued at approximately $67,410. This represents a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 63.70% of the company’s stock.

Hedge Funds Weigh In On Consumer Portfolio Services

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp increased its holdings in shares of Consumer Portfolio Services by 9.6% in the first quarter. Bank of New York Mellon Corp now owns 23,022 shares of the credit services provider’s stock valued at $178,000 after purchasing an additional 2,026 shares during the last quarter. Janney Montgomery Scott LLC raised its position in shares of Consumer Portfolio Services by 3.4% in the first quarter. Janney Montgomery Scott LLC now owns 51,003 shares of the credit services provider’s stock valued at $394,000 after purchasing an additional 1,672 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of Consumer Portfolio Services by 6,347.2% during the 4th quarter. Russell Investments Group Ltd. now owns 97,740 shares of the credit services provider’s stock worth $912,000 after buying an additional 96,224 shares during the last quarter. Barclays PLC lifted its stake 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 buying an additional 1,860 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its stake 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 buying an additional 3,605 shares during the last quarter. 47.57% of the stock is owned by 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.