Consumer Portfolio Services (NASDAQ:CPSS) Stock Passes Above Two Hundred Day Moving Average - Here's Why

Consumer Portfolio Services, Inc. (NASDAQ:CPSS - Get Free Report)'s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $10.04 and traded as high as $11.58. Consumer Portfolio Services shares last traded at $11.29, with a volume of 8,625 shares trading hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Consumer Portfolio Services from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, January 14th.

Consumer Portfolio Services Stock Performance

The stock has a 50 day simple moving average of $11.08 and a two-hundred day simple moving average of $10.05. 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 company has a market capitalization of $236.15 million, a price-to-earnings ratio of 12.68 and a beta of 1.98.

Insider Transactions at Consumer Portfolio Services

In related news, VP April Crisp sold 2,500 shares of the firm's stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $11.15, for a total transaction of $27,875.00. Following the transaction, the vice president now owns 17,212 shares of the company's stock, valued at $191,913.80. This trade represents a 12.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director William B. Roberts sold 15,000 shares of the firm's stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $10.45, for a total value of $156,750.00. Following the transaction, the director now directly owns 700,078 shares in the company, valued at approximately $7,315,815.10. This represents a 2.10 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 128,775 shares of company stock worth $1,361,009. Corporate insiders own 69.00% of the company's stock.

Institutional Investors Weigh In On Consumer Portfolio Services

A number of institutional investors have recently added to or reduced their stakes in the business. Verity & Verity LLC acquired a new stake in shares of Consumer Portfolio Services during the 4th quarter valued at approximately $1,309,000. Fisher Asset Management LLC acquired a new stake in shares of Consumer Portfolio Services during the 3rd quarter valued at approximately $960,000. Segall Bryant & Hamill LLC acquired a new stake in shares of Consumer Portfolio Services during the 3rd quarter valued at approximately $445,000. Barclays PLC raised its position in shares of Consumer Portfolio Services by 297.6% during the 3rd quarter. Barclays PLC now owns 11,794 shares of the credit services provider's stock worth $110,000 after purchasing an additional 8,828 shares during the last quarter. Finally, Empowered Funds LLC raised its position in shares of 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 worth $1,337,000 after purchasing an additional 7,236 shares during the last quarter. Hedge funds and other institutional investors own 47.57% of the company's stock.

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.