Consumer Portfolio Services (NASDAQ:CPSS) Stock Price Crosses Above Two Hundred Day Moving Average on Insider Selling

Consumer Portfolio Services, Inc. (NASDAQ:CPSS - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Monday after an insider bought additional shares in the company. The stock has a 200-day moving average of $9.93 and traded as high as $9.97. Consumer Portfolio Services shares last traded at $9.74, with a volume of 13,531 shares traded.

Analysts Set New Price Targets

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

Consumer Portfolio Services Trading Down 0.6%

The company has a debt-to-equity ratio of 9.83, a quick ratio of 8.24 and a current ratio of 8.24. The business has a fifty day simple moving average of $9.09 and a 200 day simple moving average of $9.92. The stock has a market capitalization of $207.84 million, a price-to-earnings ratio of 12.20 and a beta of 0.95.

Consumer Portfolio Services (NASDAQ:CPSS - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The credit services provider reported $0.19 EPS for the quarter, missing analysts' consensus estimates 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 firm had revenue of $106.87 million during the quarter, compared to analyst estimates of $109.99 million. As a group, research analysts expect that Consumer Portfolio Services, Inc. will post 0.85 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Voya Investment Management LLC grew its holdings in Consumer Portfolio Services by 67.3% in the 1st quarter. Voya Investment Management LLC now owns 24,958 shares of the credit services provider's stock valued at $216,000 after buying an additional 10,037 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of Consumer Portfolio Services by 3.8% during the 1st quarter. Empowered Funds LLC now owns 150,808 shares of the credit services provider's stock worth $1,308,000 after purchasing an additional 5,588 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Consumer Portfolio Services by 17.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 31,752 shares of the credit services provider's stock worth $275,000 after purchasing an additional 4,789 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Consumer Portfolio Services by 21.8% during the 4th quarter. Bank of America Corp DE now owns 13,335 shares of the credit services provider's stock worth $145,000 after purchasing an additional 2,383 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Consumer Portfolio Services by 7.4% during the 4th quarter. Northern Trust Corp now owns 85,755 shares of the credit services provider's stock worth $931,000 after purchasing an additional 5,882 shares in the last quarter. 47.57% of the stock is owned by institutional investors and hedge funds.

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.