Consumer Portfolio Services (NASDAQ:CPSS) Shares Pass Above Two Hundred Day Moving Average - Here's Why

Key Points

• Consumer Portfolio Services shares moved above their 200-day moving average, reaching $9.70 before last trading at $9.55, compared with the average of $9.04.
• Analyst sentiment remains negative: the stock has a consensus rating of “Sell”, including a recent downgrade to “Sell” from Weiss Ratings.
• The company reported quarterly EPS of $0.27 on $57.14 million in revenue, while insiders sold 137,500 shares worth approximately $1.30 million over the past three months.

Consumer Portfolio Services, Inc. (NASDAQ:CPSS - Get Free Report)'s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $9.04 and traded as high as $9.70. Consumer Portfolio Services shares last traded at $9.55, with a volume of 28,907 shares changing hands.

Wall Street Analyst Weigh In

CPSS has been the topic of a number of analyst reports. Wall Street Zen raised shares of Consumer Portfolio Services to a "hold" rating in a research note on Saturday, July 18th. Weiss Ratings cut shares of Consumer Portfolio Services from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Friday, August 28th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of "Sell".

Consumer Portfolio Services Price Performance

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 company has a market capitalization of $205.90 million, a price-to-earnings ratio of 10.38 and a beta of 1.11. The stock's 50-day simple moving average is $9.31 and its two-hundred day simple moving average is $9.04.

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

Insider Activity at Consumer Portfolio Services

In other 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 value 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Charles E. Bradley, Jr. sold 125,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $9.46, for a total value of $1,182,500.00. Following the completion of the transaction, the chief executive officer owned 4,099,545 shares in the company, valued at approximately $38,781,695.70. This trade represents a 2.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 137,500 shares of company stock valued at $1,299,825. 63.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Empowered Funds LLC acquired a new stake in Consumer Portfolio Services during the 2nd quarter worth $1,456,000. BlackRock Inc. acquired a new stake in shares of Consumer Portfolio Services in the second quarter valued at about $6,297,000. Deutsche Bank AG purchased a new position in shares of Consumer Portfolio Services in the second quarter worth about $115,000. Bank of New York Mellon Corp acquired a new position in Consumer Portfolio Services during the second quarter worth about $221,000. Finally, Janney Montgomery Scott LLC boosted its position in Consumer Portfolio Services by 3.4% during the first quarter. Janney Montgomery Scott LLC now owns 51,003 shares of the credit services provider's stock worth $394,000 after acquiring an additional 1,672 shares during the last quarter. 47.57% of the stock is owned by institutional investors and hedge funds.

About Consumer Portfolio Services

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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