Consumer Portfolio Services, Inc. (NASDAQ:CPSS - Get Free Report) 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 trading hands.
Analyst Ratings Changes
Separately, StockNews.com raised shares of Consumer Portfolio Services from a "buy" rating to a "strong-buy" rating in a research report on Saturday, March 8th.
Read Our Latest Report on CPSS
Consumer Portfolio Services Stock Up 3.5 %
The stock has a market capitalization of $195.13 million, a P/E ratio of 10.46 and a beta of 1.78. The company has a debt-to-equity ratio of 10.52, a quick ratio of 19.16 and a current ratio of 19.17. The company's 50-day moving average price is $9.59 and its 200 day moving average price is $10.23.
Consumer Portfolio Services (NASDAQ:CPSS - Get Free Report) last released its earnings results 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 business had revenue of $105.30 million for the quarter, compared to analysts' expectations of $102.37 million. As a group, equities analysts expect that Consumer Portfolio Services, Inc. will post 0.85 earnings per share for the current year.
Insider Buying and Selling
In other news, Director William B. Roberts sold 4,176 shares of the firm's stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $9.25, for a total transaction of $38,628.00. Following the completion of the transaction, the director now owns 685,702 shares in the company, valued at $6,342,743.50. This trade represents a 0.61 % 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. Over the last quarter, insiders sold 11,169 shares of company stock worth $104,459. 69.00% of the stock is owned by insiders.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Wells Fargo & Company MN lifted its position in Consumer Portfolio Services by 25.2% during the fourth quarter. Wells Fargo & Company MN now owns 4,883 shares of the credit services provider's stock valued at $53,000 after purchasing an additional 984 shares during the last quarter. Barclays PLC lifted its stake in shares of Consumer Portfolio Services by 11.5% in the 4th quarter. Barclays PLC now owns 13,147 shares of the credit services provider's stock valued at $143,000 after purchasing an additional 1,353 shares during the last quarter. Bank of America Corp DE boosted its holdings 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 worth $145,000 after purchasing an additional 2,383 shares during the period. Geode Capital Management LLC increased its position in Consumer Portfolio Services by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 193,181 shares of the credit services provider's stock valued at $2,098,000 after acquiring an additional 2,411 shares during the last quarter. Finally, Empowered Funds LLC lifted its holdings in Consumer Portfolio Services by 1.9% during the 4th quarter. Empowered Funds LLC now owns 145,220 shares of the credit services provider's stock valued at $1,577,000 after buying an additional 2,700 shares in the last quarter. 47.57% of the stock is currently owned by institutional investors.
Consumer Portfolio Services Company Profile
(
Get Free Report)
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.
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