Consumer Portfolio Services, Inc. (NASDAQ:CPSS - Get Free Report) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $8.91 and traded as high as $9.52. Consumer Portfolio Services shares last traded at $9.52, with a volume of 21,782 shares traded.
Analyst Ratings Changes
A number of analysts have recently commented on CPSS shares. Wall Street Zen raised Consumer Portfolio Services to a "hold" rating in a research note on Saturday, July 18th. Weiss Ratings upgraded Consumer Portfolio Services from a "sell (d+)" rating to a "hold (c-)" rating in a report on Wednesday, July 1st. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold".
Check Out Our Latest Analysis on CPSS
Consumer Portfolio Services Price Performance
The stock has a market cap of $205.20 million, a P/E ratio of 10.35 and a beta of 1.13. The company's 50 day moving average price is $9.42 and its 200-day moving average price is $8.91. The company has a quick ratio of 7.48, a current ratio of 7.48 and a debt-to-equity ratio of 10.18.
Consumer Portfolio Services (NASDAQ:CPSS - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The credit services provider reported $0.27 earnings per share for the quarter. The company had revenue of $57.14 million for the quarter. Consumer Portfolio Services had a net margin of 4.78% and a return on equity of 6.96%.
Insider Buying and Selling
In other Consumer Portfolio Services news, VP Noel Jackson sold 7,000 shares of the company's stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $9.63, for a total value of $67,410.00. Following the sale, the vice president owned 7,000 shares in the company, valued at approximately $67,410. The trade was a 50.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Over the last 90 days, insiders sold 8,383 shares of company stock worth $80,548. 63.70% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Consumer Portfolio Services
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Wells Fargo & Company MN boosted its holdings in Consumer Portfolio Services by 50.5% in the fourth quarter. Wells Fargo & Company MN now owns 10,744 shares of the credit services provider's stock valued at $100,000 after acquiring an additional 3,605 shares during the last quarter. Deutsche Bank AG bought a new position in Consumer Portfolio Services during the 2nd quarter worth approximately $115,000. JPMorgan Chase & Co. raised its holdings in Consumer Portfolio Services by 17.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 15,739 shares of the credit services provider's stock worth $119,000 after purchasing an additional 2,333 shares during the last quarter. Barclays PLC lifted its position in shares of Consumer Portfolio Services by 12.2% in the 4th quarter. Barclays PLC now owns 17,049 shares of the credit services provider's stock worth $159,000 after purchasing an additional 1,860 shares during the period. Finally, Citadel Advisors LLC acquired a new position in shares of Consumer Portfolio Services in the 3rd quarter worth approximately $163,000. 47.57% of the stock is owned by institutional investors and hedge funds.
About Consumer Portfolio Services
(
Get Free Report)
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.
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