Consumer Portfolio Services (NASDAQ:CPSS) Shares Pass Above 200 Day Moving Average – Time to Sell?

Shares of Consumer Portfolio Services, Inc. (NASDAQ:CPSS) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $9.89 and traded as high as $10.00. Consumer Portfolio Services shares last traded at $9.88, with a volume of 16,216 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded Consumer Portfolio Services from a “strong-buy” rating to a “buy” rating in a research note on Monday, May 19th.

Consumer Portfolio Services Stock Performance

The company has a quick ratio of 8.24, a current ratio of 8.24 and a debt-to-equity ratio of 9.83. The stock has a 50 day simple moving average of $9.16 and a two-hundred day simple moving average of $9.89. The stock has a market capitalization of $213.01 million, a P/E ratio of 12.51 and a beta of 0.95.

Consumer Portfolio Services (NASDAQ:CPSS) last posted its quarterly earnings results on Monday, May 12th. The credit services provider reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.11). The company had revenue of $106.87 million during the quarter, compared to the consensus estimate of $109.99 million. Consumer Portfolio Services had a net margin of 4.72% and a return on equity of 6.68%. On average, equities analysts forecast that Consumer Portfolio Services, Inc. will post 0.85 EPS for the current fiscal year.

Insider Activity

In other news, Director Greg Washer sold 9,648 shares of the firm’s stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $9.88, for a total value of $95,322.24. Following the completion of the sale, the director now directly owns 308,958 shares of the company’s stock, valued at $3,052,505.04. This trade represents a 3.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders sold a total of 25,789 shares of company stock valued at $252,007 over the last three months. Insiders own 69.00% of the company’s stock.

Institutional Trading of Consumer Portfolio Services

A number of hedge funds have recently made changes to their positions in CPSS. Wells Fargo & Company MN lifted its holdings in Consumer Portfolio Services by 25.2% during the 4th quarter. Wells Fargo & Company MN now owns 4,883 shares of the credit services provider’s stock worth $53,000 after purchasing an additional 984 shares during the last quarter. Barclays PLC lifted its holdings in Consumer Portfolio Services by 11.5% during the 4th quarter. Barclays PLC now owns 13,147 shares of the credit services provider’s stock worth $143,000 after purchasing an additional 1,353 shares during the last quarter. Bank of America Corp DE lifted its holdings in Consumer Portfolio Services by 21.8% during the 4th quarter. Bank of America Corp DE now owns 13,335 shares of the credit services provider’s stock worth $145,000 after purchasing an additional 2,383 shares during the last quarter. Voya Investment Management LLC lifted its holdings in Consumer Portfolio Services by 67.3% during the 1st quarter. Voya Investment Management LLC now owns 24,958 shares of the credit services provider’s stock worth $216,000 after purchasing an additional 10,037 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in 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 worth $275,000 after purchasing an additional 4,789 shares during the last quarter. 47.57% of the stock is owned by institutional investors and hedge funds.

About Consumer Portfolio Services

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.