Consumer Portfolio Services (NASDAQ:CPSS) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Shares of Consumer Portfolio Services, Inc. (NASDAQ:CPSS) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $8.57 and traded as high as $9.25. Consumer Portfolio Services shares last traded at $9.23, with a volume of 14,276 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Consumer Portfolio Services in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Consumer Portfolio Services Trading Up 2.1%

The company has a current ratio of 9.27, a quick ratio of 9.27 and a debt-to-equity ratio of 10.06. The firm has a market capitalization of $203.71 million, a price-to-earnings ratio of 11.54 and a beta of 1.03. The company has a fifty day moving average price of $8.76 and a 200-day moving average price of $8.57.

Consumer Portfolio Services (NASDAQ:CPSS) last announced its quarterly earnings results on Monday, November 10th. The credit services provider reported $0.20 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.05). The business had revenue of $49.32 million for the quarter, compared to analyst estimates of $111.49 million. Consumer Portfolio Services had a return on equity of 6.49% and a net margin of 4.53%. On average, equities research analysts predict that Consumer Portfolio Services, Inc. will post 0.85 EPS for the current year.

Insider Transactions at Consumer Portfolio Services

In other Consumer Portfolio Services news, Director William B. Roberts sold 100,000 shares of the stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $8.69, for a total transaction of $869,000.00. Following the transaction, the director owned 485,702 shares in the company, valued at $4,220,750.38. This trade represents a 17.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 63.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Consumer Portfolio Services

A number of hedge funds have recently bought and sold shares of the company. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of Consumer Portfolio Services in the second quarter valued at approximately $29,000. JPMorgan Chase & Co. grew its stake in 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 last quarter. Citadel Advisors LLC bought a new stake in Consumer Portfolio Services during the 3rd quarter worth approximately $163,000. Voya Investment Management LLC grew its holdings 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 worth $216,000 after purchasing an additional 10,037 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its position in Consumer Portfolio Services by 17.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 31,752 shares of the credit services provider’s stock valued at $275,000 after acquiring an additional 4,789 shares in the last quarter. 47.57% of the stock is currently owned by institutional investors.

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.