Consumer Portfolio Services (NASDAQ:CPSS) Share Price Passes Above 200 Day Moving Average - Time to Sell?

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.

Analyst Ratings Changes

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

Consumer Portfolio Services Stock Down 0.9%

The company has a quick ratio of 8.24, a current ratio of 8.24 and a debt-to-equity ratio of 9.83. The company has a fifty day moving average price of $9.51 and a 200-day moving average price of $9.82. The stock has a market capitalization of $207.84 million, a P/E ratio of 12.20 and a beta of 0.95.

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 (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.11). Consumer Portfolio Services had a return on equity of 6.68% and a net margin of 4.72%. The firm had revenue of $106.87 million during the quarter, compared to the consensus estimate of $109.99 million. As a group, research analysts forecast that Consumer Portfolio Services, Inc. will post 0.85 EPS for the current fiscal year.

Insider Activity

In other Consumer Portfolio Services news, Director Greg Washer sold 3,000 shares of the business's stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $10.10, for a total transaction of $30,300.00. Following the sale, the director directly owned 299,311 shares of the company's stock, valued at $3,023,041.10. The trade was a 0.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders sold 25,789 shares of company stock valued at $252,007 over the last quarter. Insiders own 69.00% of the company's stock.

Institutional Investors Weigh In On Consumer Portfolio Services

Large investors have recently added to or reduced their stakes in the stock. Northern Trust Corp increased its stake in Consumer Portfolio Services by 7.4% during the fourth quarter. Northern Trust Corp now owns 85,755 shares of the credit services provider's stock worth $931,000 after acquiring an additional 5,882 shares during the last quarter. Bank of America Corp DE increased its stake in Consumer Portfolio Services by 21.8% during the fourth quarter. Bank of America Corp DE now owns 13,335 shares of the credit services provider's stock worth $145,000 after acquiring an additional 2,383 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Consumer Portfolio Services by 620.5% during the fourth quarter. JPMorgan Chase & Co. now owns 29,173 shares of the credit services provider's stock worth $317,000 after acquiring an additional 25,124 shares during the last quarter. Geode Capital Management LLC increased its stake in Consumer Portfolio Services by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 193,181 shares of the credit services provider's stock worth $2,098,000 after acquiring an additional 2,411 shares during the last quarter. Finally, Barclays PLC increased its stake in Consumer Portfolio Services by 11.5% during the fourth quarter. Barclays PLC now owns 13,147 shares of the credit services provider's stock worth $143,000 after acquiring an additional 1,353 shares during the last quarter. 47.57% of the stock is owned by institutional investors.

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.