Consumer Portfolio Services (NASDAQ:CPSS) Shares Cross Above 200 Day Moving Average - Here's Why

Consumer Portfolio Services, Inc. (NASDAQ:CPSS - Get Free Report)'s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $9.83 and traded as high as $10.12. Consumer Portfolio Services shares last traded at $10.07, with a volume of 13,006 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut shares of Consumer Portfolio Services from a "strong-buy" rating to a "buy" rating in a report on Monday, May 19th.

Consumer Portfolio Services Price Performance

The company has a current ratio of 8.24, a quick ratio of 8.24 and a debt-to-equity ratio of 9.83. The firm has a market cap of $217.11 million, a price-to-earnings ratio of 12.75 and a beta of 0.95. The company's 50-day moving average is $9.50 and its 200-day moving average is $9.83.

Consumer Portfolio Services (NASDAQ:CPSS - Get Free Report) last issued its 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 analyst estimates of $109.99 million. Consumer Portfolio Services had a net margin of 4.72% and a return on equity of 6.68%. Equities research analysts predict that Consumer Portfolio Services, Inc. will post 0.85 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Greg Washer sold 3,000 shares of the business's stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $10.10, for a total transaction of $30,300.00. Following the transaction, the director directly owned 299,311 shares in the company, valued at approximately $3,023,041.10. The trade was a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 25,789 shares of company stock valued at $252,007 over the last ninety days. Insiders own 69.00% of the company's stock.

Institutional Trading of Consumer Portfolio Services

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Northern Trust Corp grew its stake in Consumer Portfolio Services by 7.4% in the 4th quarter. Northern Trust Corp now owns 85,755 shares of the credit services provider's stock worth $931,000 after buying an additional 5,882 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Consumer Portfolio Services by 620.5% in the 4th quarter. JPMorgan Chase & Co. now owns 29,173 shares of the credit services provider's stock valued at $317,000 after purchasing an additional 25,124 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Consumer Portfolio Services by 21.8% in the 4th quarter. Bank of America Corp DE now owns 13,335 shares of the credit services provider's stock valued at $145,000 after purchasing an additional 2,383 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Consumer Portfolio Services by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 193,181 shares of the credit services provider's stock valued at $2,098,000 after purchasing an additional 2,411 shares in the last quarter. Finally, Barclays PLC boosted its stake in shares of Consumer Portfolio Services by 11.5% in the 4th quarter. Barclays PLC now owns 13,147 shares of the credit services provider's stock valued at $143,000 after purchasing an additional 1,353 shares in the last quarter. Institutional investors own 47.57% of the company's stock.

Consumer Portfolio Services Company Profile

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.

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