Consumer Portfolio Services (NASDAQ:CPSS) Share Price Passes Above 200-Day Moving Average – What’s Next?

Consumer Portfolio Services, Inc. (NASDAQ:CPSS)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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 traded.

Analysts Set New Price Targets

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

Consumer Portfolio Services Trading Up 1.1 %

The company has a debt-to-equity ratio of 10.52, a quick ratio of 19.16 and a current ratio of 19.17. The business’s 50 day moving average price is $10.23 and its 200-day moving average price is $9.51. The company has a market cap of $235.72 million, a price-to-earnings ratio of 12.66 and a beta of 1.99.

Consumer Portfolio Services (NASDAQ:CPSS) last announced its quarterly 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). The business had revenue of $100.58 million for the quarter, compared to the consensus estimate of $98.34 million. Consumer Portfolio Services had a return on equity of 7.59% and a net margin of 5.59%. On average, research analysts forecast that Consumer Portfolio Services, Inc. will post 0.85 EPS for the current year.

Insider Activity at Consumer Portfolio Services

In other news, Director Greg Washer sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $9.50, for a total transaction of $380,000.00. Following the completion of the sale, the director now owns 275,981 shares of the company’s stock, valued at approximately $2,621,819.50. This trade represents a 12.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Chris Terry sold 10,000 shares of Consumer Portfolio Services stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $10.16, for a total transaction of $101,600.00. Following the completion of the transaction, the vice president now owns 203,656 shares of the company’s stock, valued at $2,069,144.96. This trade represents a 4.68 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 187,256 shares of company stock valued at $1,929,584 in the last 90 days. 69.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Consumer Portfolio Services

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp lifted its position in Consumer Portfolio Services by 1.4% during the 2nd 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 in the last quarter. Vanguard Group Inc. boosted its position in Consumer Portfolio Services by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 521,457 shares of the credit services provider’s stock valued at $3,942,000 after buying an additional 3,418 shares during the last quarter. State Street Corp boosted its position in Consumer Portfolio Services by 2.2% in the 3rd quarter. State Street Corp now owns 186,220 shares of the credit services provider’s stock valued at $1,747,000 after buying an additional 3,922 shares during the last quarter. Empowered Funds LLC increased its stake in shares of Consumer Portfolio Services by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 142,520 shares of the credit services provider’s stock valued at $1,337,000 after buying an additional 7,236 shares during the period. Finally, Barclays PLC lifted its stake in shares of Consumer Portfolio Services by 297.6% during the third quarter. Barclays PLC now owns 11,794 shares of the credit services provider’s stock valued at $110,000 after acquiring an additional 8,828 shares during the period. 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.