Consumer Portfolio Services (NASDAQ:CPSS) Share Price Passes Above 200 Day Moving Average - Here's Why

Consumer Portfolio Services, Inc. (NASDAQ:CPSS - Get Free Report) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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 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 1.1%

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 company has a 50-day simple moving average of $9.41 and a 200 day simple moving average of $9.85. The company has a market capitalization of $215.38 million, a P/E ratio of 12.65 and a beta of 0.95.

Consumer Portfolio Services (NASDAQ:CPSS - Get Free Report) last issued 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). The business had revenue of $106.87 million during the quarter, compared to the consensus estimate of $109.99 million. Consumer Portfolio Services had a return on equity of 6.68% and a net margin of 4.72%. Sell-side analysts expect that Consumer Portfolio Services, Inc. will post 0.85 earnings per share for the current year.

Insider Buying and Selling

In other Consumer Portfolio Services news, Director Greg Washer sold 9,648 shares of Consumer Portfolio Services stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $9.88, for a total value of $95,322.24. Following the transaction, the director directly owned 308,958 shares of the company's stock, valued at $3,052,505.04. The trade was a 3.03% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Over the last quarter, insiders sold 25,789 shares of company stock valued at $252,007. Insiders own 69.00% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its position in shares of Consumer Portfolio Services by 620.5% during the fourth quarter. JPMorgan Chase & Co. now owns 29,173 shares of the credit services provider's stock valued at $317,000 after purchasing an additional 25,124 shares during the period. Voya Investment Management LLC increased its position 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 valued at $216,000 after purchasing an additional 10,037 shares during the period. Northern Trust Corp increased its position in shares of Consumer Portfolio Services by 7.4% during the fourth quarter. Northern Trust Corp now owns 85,755 shares of the credit services provider's stock valued at $931,000 after purchasing an additional 5,882 shares during the period. Empowered Funds LLC increased its position in shares of Consumer Portfolio Services by 3.8% during the first quarter. Empowered Funds LLC now owns 150,808 shares of the credit services provider's stock valued at $1,308,000 after purchasing an additional 5,588 shares during the period. Finally, Goldman Sachs Group Inc. increased its position 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 valued at $275,000 after purchasing an additional 4,789 shares during the period. 47.57% of the stock is 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.