Consumer Portfolio Services, Inc. (NASDAQ:CPSS - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $9.87 and traded as high as $10.18. Consumer Portfolio Services shares last traded at $10.10, with a volume of 11,675 shares traded.
Analysts Set New Price Targets
Separately, Wall Street Zen downgraded Consumer Portfolio Services from a "strong-buy" rating to a "buy" rating in a report on Monday, May 19th.
Get Our Latest Research Report on CPSS
Consumer Portfolio Services Stock Performance
The firm's fifty day simple moving average is $9.36 and its 200 day simple moving average is $9.87. The company has a market capitalization of $217.76 million, a price-to-earnings ratio of 12.78 and a beta of 0.95. The company has a debt-to-equity ratio of 9.83, a current ratio of 8.24 and a quick ratio of 8.24.
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 EPS for the quarter, missing analysts' consensus estimates of $0.30 by ($0.11). The firm had revenue of $106.87 million during the quarter, compared to analyst estimates of $109.99 million. Consumer Portfolio Services had a return on equity of 6.68% and a net margin of 4.72%. On average, sell-side analysts forecast that Consumer Portfolio Services, Inc. will post 0.85 EPS for the current year.
Insiders Place Their Bets
In related news, Director Greg Washer sold 9,648 shares of the stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $9.88, for a total value of $95,322.24. Following the completion of the sale, the director directly owned 308,958 shares of the company's stock, valued at approximately $3,052,505.04. This represents a 3.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 25,789 shares of company stock worth $252,007 over the last quarter. 69.00% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Consumer Portfolio Services
A number of large investors have recently made changes to their positions in CPSS. Wells Fargo & Company MN boosted 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 purchasing an additional 984 shares during the period. Barclays PLC lifted its position in Consumer Portfolio Services by 11.5% in the 4th 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 in the last quarter. Bank of America Corp DE lifted its position in Consumer Portfolio Services by 21.8% in the 4th 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 in the last quarter. Voya Investment Management LLC lifted its position 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 worth $216,000 after buying an additional 10,037 shares in the last quarter. 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. Institutional investors and hedge funds own 47.57% of the company's stock.
About Consumer Portfolio Services
(
Get Free Report)
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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