Consumer Portfolio Services (NASDAQ:CPSS) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Consumer Portfolio Services, Inc. (NASDAQ:CPSS) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $9.02 and traded as high as $9.96. Consumer Portfolio Services shares last traded at $9.95, with a volume of 12,078 shares.

Consumer Portfolio Services Price Performance

The firm has a market capitalization of $206.85 million, a PE ratio of 6.78 and a beta of 2.01. The business’s 50 day moving average is $9.22 and its two-hundred day moving average is $9.03. The company has a debt-to-equity ratio of 10.19, a quick ratio of 21.80 and a current ratio of 21.80.

Consumer Portfolio Services (NASDAQ:CPSS) last released its quarterly earnings data on Tuesday, July 30th. The credit services provider reported $0.19 earnings per share (EPS) for the quarter. The company had revenue of $95.88 million for the quarter. Consumer Portfolio Services had a return on equity of 9.76% and a net margin of 7.22%. Equities research analysts anticipate that Consumer Portfolio Services, Inc. will post 0.9 earnings per share for the current fiscal year.

Insider Transactions at Consumer Portfolio Services

In related news, Director Greg Washer sold 40,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $9.50, for a total value of $380,000.00. Following the transaction, the director now directly owns 275,981 shares in the company, valued at approximately $2,621,819.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Greg Washer sold 40,000 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $9.50, for a total value of $380,000.00. Following the completion of the transaction, the director now directly owns 275,981 shares in the company, valued at approximately $2,621,819.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP April Crisp sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $9.65, for a total value of $48,250.00. Following the sale, the vice president now owns 17,212 shares in the company, valued at $166,095.80. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 135,000 shares of company stock valued at $1,302,750. 67.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in CPSS. Empowered Funds LLC grew its holdings in shares of Consumer Portfolio Services by 8.1% during the 1st quarter. Empowered Funds LLC now owns 125,564 shares of the credit services provider’s stock valued at $949,000 after purchasing an additional 9,450 shares during the last quarter. BNP Paribas Financial Markets grew its stake in shares of Consumer Portfolio Services by 229.7% during the first quarter. BNP Paribas Financial Markets now owns 9,051 shares of the credit services provider’s stock valued at $68,000 after buying an additional 6,306 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of Consumer Portfolio Services by 9.8% in the first quarter. Janney Montgomery Scott LLC now owns 50,005 shares of the credit services provider’s stock worth $378,000 after buying an additional 4,483 shares during the period. Vanguard Group Inc. lifted its stake in shares of Consumer Portfolio Services by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 521,457 shares of the credit services provider’s stock valued at $3,942,000 after acquiring an additional 3,418 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Consumer Portfolio Services by 1.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 99,481 shares of the credit services provider’s stock valued at $975,000 after acquiring an additional 1,343 shares during the period. 47.57% of the stock is 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.