Consumer Portfolio Services (NASDAQ:CPSS) Stock Price Crosses Above 200-Day Moving Average on Insider Selling

Consumer Portfolio Services, Inc. (NASDAQ:CPSS - Get Free Report)'s share price passed 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 changing hands.

Analysts Set New Price Targets

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

Consumer Portfolio Services Price Performance

The firm has a market capitalization of $209.99 million, a P/E ratio of 11.20 and a beta of 0.95. The business has a fifty day moving average of $9.05 and a 200-day moving average of $9.93. The company has a debt-to-equity ratio of 10.52, a quick ratio of 19.16 and a current ratio of 19.17.

Consumer Portfolio Services (NASDAQ:CPSS - Get Free Report) last posted its quarterly earnings data 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). The company had revenue of $106.87 million during the quarter, compared to the consensus estimate of $109.99 million. Consumer Portfolio Services had a net margin of 5.59% and a return on equity of 7.59%. On average, sell-side analysts forecast that Consumer Portfolio Services, Inc. will post 0.85 EPS for the current fiscal year.

Hedge Funds Weigh In On Consumer Portfolio Services

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted 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 valued at $2,098,000 after buying an additional 2,411 shares in the last quarter. Empowered Funds LLC boosted its position in 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 acquiring an additional 5,588 shares during the period. Northern Trust Corp boosted its stake 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 valued at $931,000 after buying an additional 5,882 shares during the period. Goldman Sachs Group Inc. boosted its stake 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 valued at $275,000 after buying an additional 4,789 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in shares of Consumer Portfolio Services by 620.5% during the 4th quarter. JPMorgan Chase & Co. now owns 29,173 shares of the credit services provider's stock valued at $317,000 after buying an additional 25,124 shares during the period. 47.57% of the stock is owned by institutional investors.

About Consumer Portfolio Services

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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