Consumer Portfolio Services (NASDAQ:CPSS) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?
by Doug Wharley · The Cerbat GemConsumer Portfolio Services, Inc. (NASDAQ:CPSS – Get Free Report)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $8.40 and traded as high as $8.66. Consumer Portfolio Services shares last traded at $8.43, with a volume of 11,958 shares changing hands.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Consumer Portfolio Services in a report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Consumer Portfolio Services has a consensus rating of “Sell”.
View Our Latest Research Report on Consumer Portfolio Services
Consumer Portfolio Services Stock Performance
The firm has a 50 day simple moving average of $8.09 and a 200-day simple moving average of $8.40. The company has a debt-to-equity ratio of 10.20, a current ratio of 9.81 and a quick ratio of 9.81. The company has a market cap of $184.31 million, a price-to-earnings ratio of 10.59 and a beta of 1.08.
Consumer Portfolio Services (NASDAQ:CPSS – Get Free Report) last posted its earnings results on Tuesday, March 10th. The credit services provider reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.02). The business had revenue of $50.11 million for the quarter, compared to analyst estimates of $110.64 million. Consumer Portfolio Services had a return on equity of 6.34% and a net margin of 4.45%. As a group, analysts predict that Consumer Portfolio Services, Inc. will post 1.45 EPS 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 firm’s stock in a transaction on Friday, March 13th. The stock was sold at an average price of $7.53, for a total transaction of $150,600.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 63.70% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Consumer Portfolio Services
Several hedge funds and other institutional investors have recently added to or reduced their stakes in CPSS. Wells Fargo & Company MN increased its stake in Consumer Portfolio Services by 50.5% during the fourth 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 during the last quarter. JPMorgan Chase & Co. increased its stake in Consumer Portfolio Services by 17.4% during the third 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 during the last quarter. Barclays PLC increased its stake in Consumer Portfolio Services by 12.2% during the fourth 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 during the last quarter. Citadel Advisors LLC acquired a new stake in Consumer Portfolio Services during the third quarter worth $163,000. Finally, Goldman Sachs Group Inc. increased its stake in Consumer Portfolio Services by 17.8% during the first quarter. Goldman Sachs Group Inc. now owns 31,752 shares of the credit services provider’s stock worth $275,000 after acquiring an additional 4,789 shares during the last quarter. Institutional investors and hedge funds own 47.57% of the company’s stock.
About Consumer Portfolio Services
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.