Shares of Consumer Portfolio Services, Inc. (NASDAQ:CPSS - Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $8.43 and traded as high as $9.50. Consumer Portfolio Services shares last traded at $9.49, with a volume of 41,377 shares changing hands.
Consumer Portfolio Services Stock Up 4.5%
The company's fifty day moving average price is $8.13 and its 200-day moving average price is $8.43. The stock has a market capitalization of $206.50 million, a PE ratio of 11.86 and a beta of 1.11. The company has a quick ratio of 9.81, a current ratio of 9.81 and a debt-to-equity ratio of 10.20.
Consumer Portfolio Services (NASDAQ:CPSS - Get Free Report) last released its earnings results on Tuesday, March 10th. The credit services provider reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.02). Consumer Portfolio Services had a net margin of 4.45% and a return on equity of 6.34%. The business had revenue of $50.11 million for the quarter, compared to analysts' expectations of $110.64 million. Analysts forecast that Consumer Portfolio Services, Inc. will post 1.45 earnings per share for the current year.
Insiders Place Their Bets
In related news, Director Daniel S. Wood sold 20,000 shares of the business's stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $7.53, for a total value of $150,600.00. Following the completion of the transaction, the director directly owned 194,943 shares in the company, valued at $1,467,920.79. The trade was a 9.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 63.70% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Consumer Portfolio Services
A number of hedge funds have recently added to or reduced their stakes in CPSS. Goldman Sachs Group Inc. raised its holdings in Consumer Portfolio Services by 17.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 31,752 shares of the credit services provider's stock worth $275,000 after acquiring an additional 4,789 shares during the last quarter. Empowered Funds LLC raised its holdings in Consumer Portfolio Services by 3.8% in the 1st quarter. Empowered Funds LLC now owns 150,808 shares of the credit services provider's stock worth $1,308,000 after acquiring an additional 5,588 shares during the last quarter. Geode Capital Management LLC raised its holdings in Consumer Portfolio Services by 8.5% in the 2nd quarter. Geode Capital Management LLC now owns 212,555 shares of the credit services provider's stock worth $2,090,000 after acquiring an additional 16,563 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in 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 worth $119,000 after acquiring an additional 2,333 shares during the last quarter. Finally, Citadel Advisors LLC purchased a new position in Consumer Portfolio Services in the 3rd quarter worth approximately $163,000. 47.57% of the stock is currently owned by hedge funds and other institutional investors.
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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