Consumer Portfolio Services (NASDAQ:CPSS) Share Price Passes Above Two Hundred Day Moving Average - What's Next?

Consumer Portfolio Services, Inc. (NASDAQ:CPSS - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $9.89 and traded as high as $10.00. Consumer Portfolio Services shares last traded at $9.88, with a volume of 16,216 shares trading hands.

Analyst Ratings Changes

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

Consumer Portfolio Services Trading Up 1.5%

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 company has a market cap of $217.32 million, a PE ratio of 12.76 and a beta of 0.95. The business's 50-day simple moving average is $9.26 and its 200-day simple moving average is $9.88.

Consumer Portfolio Services (NASDAQ:CPSS - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The credit services provider reported $0.19 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.11). Consumer Portfolio Services had a net margin of 4.72% and a return on equity of 6.68%. The company had revenue of $106.87 million for the quarter, compared to analysts' expectations of $109.99 million. As a group, analysts expect that Consumer Portfolio Services, Inc. will post 0.85 EPS for the current fiscal year.

Insiders Place Their Bets

In other Consumer Portfolio Services news, Director Greg Washer sold 6,254 shares of the company's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $9.16, for a total transaction of $57,286.64. Following the completion of the sale, the director now directly owns 318,746 shares in the company, valued at $2,919,713.36. This represents a 1.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 25,789 shares of company stock valued at $252,007 in the last three months. Insiders own 69.00% of the company's stock.

Institutional Investors Weigh In On Consumer Portfolio Services

A number of hedge funds have recently bought and sold shares of CPSS. Wells Fargo & Company MN lifted its holdings in shares of Consumer Portfolio Services by 25.2% during the fourth quarter. Wells Fargo & Company MN now owns 4,883 shares of the credit services provider's stock worth $53,000 after buying an additional 984 shares during the last quarter. Barclays PLC lifted its holdings in shares of 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 buying an additional 1,353 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of 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 buying an additional 2,383 shares during the last quarter. Voya Investment Management LLC lifted its holdings in shares of Consumer Portfolio Services by 67.3% during the first quarter. Voya Investment Management LLC now owns 24,958 shares of the credit services provider's stock worth $216,000 after buying an additional 10,037 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings 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 buying an additional 4,789 shares during the last quarter. 47.57% of the stock is currently 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.