Consumer Portfolio Services (NASDAQ:CPSS) Share Price Passes Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• CPSS shares moved above their 200-day moving average, reaching $9.45 before closing at $9.16, compared with the 200-day average of $8.96.
• Analyst sentiment has improved modestly: Weiss Ratings and Wall Street Zen upgraded the stock to “Hold,” while MarketBeat reports a consensus “Hold” rating.
• The company reported quarterly EPS of $0.27 on $57.14 million in revenue, while insiders sold 12,000 shares worth approximately $114,910 over the past 90 days.

Consumer Portfolio Services, Inc. (NASDAQ:CPSS - Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.96 and traded as high as $9.45. Consumer Portfolio Services shares last traded at $9.16, with a volume of 21,315 shares changing hands.

Analyst Ratings Changes

CPSS has been the topic of a number of recent research reports. Weiss Ratings upgraded shares of Consumer Portfolio Services from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Wednesday, July 1st. Wall Street Zen upgraded shares of Consumer Portfolio Services to a "hold" rating in a report on Saturday, July 18th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of "Hold".

Consumer Portfolio Services Trading Down 1.5%

The company has a quick ratio of 5.67, a current ratio of 5.67 and a debt-to-equity ratio of 10.43. The stock has a market capitalization of $197.44 million, a PE ratio of 9.96 and a beta of 1.13. The business's 50-day moving average is $9.41 and its two-hundred day moving average is $8.96.

Consumer Portfolio Services (NASDAQ:CPSS - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The credit services provider reported $0.27 earnings per share (EPS) for the quarter. Consumer Portfolio Services had a return on equity of 6.91% and a net margin of 4.78%.The company had revenue of $57.14 million for the quarter.

Insider Buying and Selling

In related news, VP Catrina Marie Ralston sold 3,617 shares of the firm's stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $9.50, for a total transaction of $34,361.50. Following the transaction, the vice president owned 68,262 shares in the company, valued at $648,489. This trade represents a 5.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Noel Jackson sold 7,000 shares of Consumer Portfolio Services stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $9.63, for a total value of $67,410.00. Following the transaction, the vice president directly owned 7,000 shares in the company, valued at approximately $67,410. This trade represents a 50.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 12,000 shares of company stock worth $114,910 in the last 90 days. 63.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Consumer Portfolio Services

A number of institutional investors have recently modified their holdings of CPSS. Barclays PLC boosted its stake in Consumer Portfolio Services by 12.2% during the 4th quarter. Barclays PLC now owns 17,049 shares of the credit services provider's stock worth $159,000 after purchasing an additional 1,860 shares during the period. Wells Fargo & Company MN increased its stake in Consumer Portfolio Services by 50.5% in the fourth quarter. Wells Fargo & Company MN now owns 10,744 shares of the credit services provider's stock valued at $100,000 after purchasing an additional 3,605 shares during the period. Geode Capital Management LLC raised its holdings in shares of Consumer Portfolio Services by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 221,565 shares of the credit services provider's stock valued at $2,067,000 after buying an additional 3,604 shares during the last quarter. Citadel Advisors LLC purchased a new stake in shares of Consumer Portfolio Services in the third quarter valued at about $163,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of Consumer Portfolio Services by 17.4% during the third quarter. JPMorgan Chase & Co. now owns 15,739 shares of the credit services provider's stock worth $119,000 after buying an additional 2,333 shares during the period. 47.57% of the stock is owned by institutional investors and hedge funds.

Consumer Portfolio Services Company Profile

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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