Consumer Portfolio Services (NASDAQ:CPSS) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

Consumer Portfolio Services, Inc. (NASDAQ:CPSS)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.24 and traded as high as $10.39. Consumer Portfolio Services shares last traded at $9.35, with a volume of 38,203 shares changing hands.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Consumer Portfolio Services from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 8th.

Consumer Portfolio Services Stock Up 4.1 %

The firm has a 50 day moving average price of $9.76 and a 200-day moving average price of $10.24. The company has a current ratio of 19.17, a quick ratio of 19.16 and a debt-to-equity ratio of 10.52. The firm has a market cap of $200.49 million, a PE ratio of 10.75 and a beta of 1.78.

Consumer Portfolio Services (NASDAQ:CPSS) last released its quarterly earnings data on Tuesday, February 25th. The credit services provider reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.06). Consumer Portfolio Services had a return on equity of 7.59% and a net margin of 5.59%. The firm had revenue of $105.30 million for the quarter, compared to analysts’ expectations of $102.37 million. Research analysts forecast that Consumer Portfolio Services, Inc. will post 0.85 EPS for the current fiscal year.

Insider Buying and Selling at Consumer Portfolio Services

In other news, Director William B. Roberts sold 6,259 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $9.41, for a total transaction of $58,897.19. Following the completion of the sale, the director now owns 690,078 shares in the company, valued at approximately $6,493,633.98. The trade was a 0.90 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 11,169 shares of company stock worth $104,459 over the last three months. Insiders own 69.00% of the company’s stock.

Institutional Investors Weigh In On Consumer Portfolio Services

Several hedge funds and other institutional investors have recently bought and sold shares of CPSS. Wells Fargo & Company MN boosted its stake in Consumer Portfolio Services by 25.2% in the fourth quarter. Wells Fargo & Company MN now owns 4,883 shares of the credit services provider’s stock valued at $53,000 after acquiring an additional 984 shares in the last quarter. Barclays PLC lifted its holdings in shares of Consumer Portfolio Services by 297.6% in the 3rd quarter. Barclays PLC now owns 11,794 shares of the credit services provider’s stock valued at $110,000 after purchasing an additional 8,828 shares during the last quarter. Bank of America Corp DE boosted its position in shares of 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 valued at $145,000 after purchasing an additional 2,383 shares during the period. JPMorgan Chase & Co. grew its stake in 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 worth $317,000 after buying an additional 25,124 shares during the last quarter. Finally, Northern Trust Corp increased its position in 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 worth $931,000 after buying an additional 5,882 shares during the period. 47.57% of the stock is currently owned by institutional investors and hedge funds.

About Consumer Portfolio Services

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.