Consumer Portfolio Services (NASDAQ:CPSS) Shares Cross Above 200-Day Moving Average of $8.89

Shares of Consumer Portfolio Services, Inc. (NASDAQ:CPSS) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $8.89 and traded as high as $9.18. Consumer Portfolio Services shares last traded at $8.63, with a volume of 37,292 shares traded.

Consumer Portfolio Services Stock Down 2.3 %

The firm has a market capitalization of $182.35 million, a PE ratio of 4.82 and a beta of 2.07. The company has a fifty day simple moving average of $8.39 and a two-hundred day simple moving average of $8.89. The company has a debt-to-equity ratio of 8.49, a quick ratio of 9.69 and a current ratio of 9.69.

Consumer Portfolio Services (NASDAQ:CPSS) last issued its earnings results on Friday, March 15th. The credit services provider reported $0.29 earnings per share for the quarter. Consumer Portfolio Services had a return on equity of 17.46% and a net margin of 12.88%. The business had revenue of $91.98 million during the quarter.

Institutional Investors Weigh In On Consumer Portfolio Services

Several hedge funds have recently made changes to their positions in CPSS. JPMorgan Chase & Co. raised its position in shares of Consumer Portfolio Services by 282.8% in the 1st quarter. JPMorgan Chase & Co. now owns 32,061 shares of the credit services provider’s stock worth $326,000 after acquiring an additional 23,685 shares in the last quarter. Citigroup Inc. bought a new position in shares of Consumer Portfolio Services in the 1st quarter worth $86,000. Arrowstreet Capital Limited Partnership bought a new position in shares of Consumer Portfolio Services in the 1st quarter worth $115,000. Lazard Asset Management LLC bought a new position in shares of Consumer Portfolio Services in the 1st quarter worth $39,000. Finally, Renaissance Technologies LLC raised its position in shares of Consumer Portfolio Services by 2.6% in the 1st quarter. Renaissance Technologies LLC now owns 462,158 shares of the credit services provider’s stock worth $4,696,000 after acquiring an additional 11,600 shares in the last quarter. 47.57% of the stock is currently owned by hedge funds and other 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.