Consumer Portfolio Services (NASDAQ:CPSS) Shares Cross Above 200 Day Moving Average - Should You Sell?

Consumer Portfolio Services, Inc. (NASDAQ:CPSS - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $9.51 and traded as high as $11.01. Consumer Portfolio Services shares last traded at $11.01, with a volume of 28,698 shares.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Consumer Portfolio Services from a "buy" rating to a "strong-buy" rating in a research note on Saturday.

Consumer Portfolio Services Price Performance

The company has a 50-day moving average of $10.23 and a two-hundred day moving average of $9.52. The company has a debt-to-equity ratio of 10.52, a current ratio of 19.17 and a quick ratio of 19.16. The stock has a market capitalization of $235.67 million, a PE ratio of 12.66 and a beta of 1.99.

Consumer Portfolio Services (NASDAQ:CPSS - Get Free Report) last released its earnings results on Thursday, October 31st. The credit services provider reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.01). The company had revenue of $100.58 million during the quarter, compared to analyst estimates of $98.34 million. Consumer Portfolio Services had a return on equity of 7.59% and a net margin of 5.59%. Sell-side analysts predict that Consumer Portfolio Services, Inc. will post 0.85 EPS for the current fiscal year.

Insider Activity at Consumer Portfolio Services

In related news, VP John Patrick Harton sold 10,000 shares of the 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 sale, the vice president now directly owns 255,604 shares in the company, valued at approximately $2,428,238. This represents a 3.77 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Greg Washer sold 10,981 shares of the business's stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $11.06, for a total value of $121,449.86. Following the transaction, the director now owns 265,000 shares in the company, valued at approximately $2,930,900. This represents a 3.98 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 187,256 shares of company stock worth $1,929,584. 69.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Barclays PLC lifted its holdings in Consumer Portfolio Services by 297.6% in the 3rd quarter. Barclays PLC now owns 11,794 shares of the credit services provider's stock worth $110,000 after buying an additional 8,828 shares in the last quarter. Segall Bryant & Hamill LLC purchased a new stake in shares of Consumer Portfolio Services during the third quarter worth about $445,000. Bank of New York Mellon Corp lifted its stake in shares of Consumer Portfolio Services by 1.4% in the second 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 in the last quarter. Fisher Asset Management LLC purchased a new position in Consumer Portfolio Services in the third quarter valued at about $960,000. Finally, Empowered Funds LLC grew its stake in Consumer Portfolio Services by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 142,520 shares of the credit services provider's stock valued at $1,337,000 after purchasing an additional 7,236 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.