Consumer Portfolio Services (NASDAQ:CPSS) Stock Passes Above 200-Day Moving Average – Here’s Why

Consumer Portfolio Services, Inc. (NASDAQ:CPSS) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $9.51 and traded as high as $11.01. Consumer Portfolio Services shares last traded at $11.01, with a volume of 28,698 shares changing hands.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Consumer Portfolio Services from a “buy” rating to a “strong-buy” rating in a research note on Saturday.

Consumer Portfolio Services Stock Up 1.1 %

The firm’s fifty day simple moving average is $10.23 and its 200 day simple moving average is $9.52. The company has a current ratio of 19.17, a quick ratio of 19.16 and a debt-to-equity ratio of 10.52. The company has a market cap of $235.67 million, a price-to-earnings ratio of 12.66 and a beta of 1.99.

Consumer Portfolio Services (NASDAQ:CPSS) last issued its earnings results on Thursday, October 31st. The credit services provider reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). Consumer Portfolio Services had a return on equity of 7.59% and a net margin of 5.59%. The firm had revenue of $100.58 million for the quarter, compared to analyst estimates of $98.34 million. Sell-side analysts predict that Consumer Portfolio Services, Inc. will post 0.85 earnings per share for the current year.

Insider Activity

In related news, VP John Patrick Harton sold 10,000 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $9.50, for a total value of $95,000.00. Following the transaction, the vice president now directly owns 255,604 shares of the company’s stock, valued at $2,428,238. This trade represents a 3.77 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director William B. Roberts sold 15,000 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $10.45, for a total transaction of $156,750.00. Following the completion of the sale, the director now directly owns 700,078 shares of the company’s stock, valued at approximately $7,315,815.10. This trade represents a 2.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 187,256 shares of company stock worth $1,929,584. 69.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Consumer Portfolio Services

A number of hedge funds have recently modified their holdings of the business. Segall Bryant & Hamill LLC acquired a new stake in Consumer Portfolio Services during the 3rd quarter worth $445,000. Vanguard Group Inc. boosted its stake in shares of Consumer Portfolio Services by 0.7% during the first quarter. Vanguard Group Inc. now owns 521,457 shares of the credit services provider’s stock worth $3,942,000 after buying an additional 3,418 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Consumer Portfolio Services by 1.4% during the second quarter. Bank of New York Mellon Corp now owns 99,481 shares of the credit services provider’s stock worth $975,000 after buying an additional 1,343 shares during the last quarter. Fisher Asset Management LLC acquired a new position in Consumer Portfolio Services in the 3rd quarter valued at about $960,000. Finally, Empowered Funds LLC raised its stake in Consumer Portfolio Services by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 142,520 shares of the credit services provider’s stock valued at $1,337,000 after acquiring an additional 7,236 shares during 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.