Consumer Portfolio Services (NASDAQ:CPSS) Shares Cross Above 200-Day Moving Average – Should You Sell?

Consumer Portfolio Services, Inc. (NASDAQ:CPSS)’s share price crossed 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 $8.72. Consumer Portfolio Services shares last traded at $8.43, with a volume of 22,259 shares traded.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued 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, the stock has an average rating of “Sell”.

Consumer Portfolio Services Stock Performance

The company has a current ratio of 9.27, a quick ratio of 9.27 and a debt-to-equity ratio of 10.06. The firm’s fifty day moving average price is $8.94 and its 200-day moving average price is $8.40. The firm has a market cap of $186.05 million, a price-to-earnings ratio of 10.54 and a beta of 1.03.

Consumer Portfolio Services (NASDAQ:CPSS) last announced its quarterly earnings results on Monday, November 10th. The credit services provider reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.05). The company had revenue of $49.32 million during the quarter, compared to analysts’ expectations of $111.49 million. Consumer Portfolio Services had a net margin of 4.53% and a return on equity of 6.49%. Analysts expect that Consumer Portfolio Services, Inc. will post 0.85 earnings per share for the current year.

Insider Buying and Selling at Consumer Portfolio Services

In other news, Director William B. Roberts sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $8.69, for a total transaction of $869,000.00. Following the transaction, the director directly owned 485,702 shares in the company, valued at approximately $4,220,750.38. This trade represents a 17.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 63.70% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of CPSS. Police & Firemen s Retirement System of New Jersey acquired a new stake in shares of Consumer Portfolio Services during the second quarter worth about $29,000. JPMorgan Chase & Co. grew its stake in shares of Consumer Portfolio Services by 17.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 15,739 shares of the credit services provider’s stock valued at $119,000 after purchasing an additional 2,333 shares during the last quarter. Citadel Advisors LLC acquired a new position in shares of Consumer Portfolio Services in the third quarter valued at approximately $163,000. Goldman Sachs Group Inc. raised its stake in shares of 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 purchasing an additional 4,789 shares during the last quarter. Finally, Empowered Funds LLC lifted its holdings in shares of Consumer Portfolio Services by 3.8% during the first quarter. Empowered Funds LLC now owns 150,808 shares of the credit services provider’s stock worth $1,308,000 after purchasing an additional 5,588 shares during the period. 47.57% of the stock is currently owned by institutional investors and hedge funds.

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.