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

Shares of Consumer Portfolio Services, Inc. (NASDAQ:CPSS) crossed 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 trading hands.

Consumer Portfolio Services Price Performance

The stock has a market capitalization of $206.85 million, a P/E ratio of 6.78 and a beta of 2.01. The business has a fifty day simple moving average of $9.22 and a 200 day simple moving average of $9.03. The company has a current ratio of 21.80, a quick ratio of 21.80 and a debt-to-equity ratio of 10.19.

Consumer Portfolio Services (NASDAQ:CPSS) last announced its earnings results 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%. On average, analysts expect that Consumer Portfolio Services, Inc. will post 0.9 earnings per share for the current year.

Insider Transactions at Consumer Portfolio Services

In other Consumer Portfolio Services news, VP John Patrick Harton sold 10,000 shares of Consumer Portfolio Services stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $9.50, for a total transaction of $95,000.00. Following the transaction, the vice president now owns 255,604 shares of the company’s stock, valued at $2,428,238. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Consumer Portfolio Services news, VP John Patrick Harton sold 10,000 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $9.50, for a total value of $95,000.00. Following the completion of the transaction, the vice president now owns 255,604 shares in the company, valued at $2,428,238. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP April Crisp sold 5,000 shares of Consumer Portfolio Services stock in a transaction on Tuesday, September 10th. The stock was 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 135,000 shares of company stock worth $1,302,750 in the last quarter. 67.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets raised its holdings in shares of Consumer Portfolio Services by 229.7% in the 1st quarter. BNP Paribas Financial Markets now owns 9,051 shares of the credit services provider’s stock worth $68,000 after purchasing an additional 6,306 shares during the period. Janney Montgomery Scott LLC grew its stake in shares of Consumer Portfolio Services by 9.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 50,005 shares of the credit services provider’s stock worth $378,000 after acquiring an additional 4,483 shares during the period. Empowered Funds LLC grew its stake 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 worth $949,000 after acquiring an additional 9,450 shares during the period. Bank of New York Mellon Corp increased its holdings in Consumer Portfolio Services by 1.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 99,481 shares of the credit services provider’s stock worth $975,000 after acquiring an additional 1,343 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in 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 period. 47.57% of the stock is owned by institutional investors.

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.