Consumer Portfolio Services (NASDAQ:CPSS) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Consumer Portfolio Services, Inc. (NASDAQ:CPSS) 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 changing hands.

Analyst Ratings Changes

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

Consumer Portfolio Services Price Performance

The stock’s fifty day moving average price is $11.02 and its 200-day moving average price is $10.04. The firm has a market cap of $241.72 million, a PE ratio of 12.98 and a beta of 1.98. The company has a debt-to-equity ratio of 10.52, a current ratio of 19.17 and a quick ratio of 19.16.

Insider Buying and Selling

In other news, VP Chris Terry sold 10,000 shares of Consumer Portfolio Services stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $10.16, for a total transaction of $101,600.00. Following the transaction, the vice president now owns 203,656 shares in the company, valued at $2,069,144.96. The trade was a 4.68 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP April Crisp sold 2,500 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $11.15, for a total transaction of $27,875.00. Following the completion of the sale, the vice president now directly owns 17,212 shares of the company’s stock, valued at $191,913.80. This represents a 12.68 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 139,756 shares of company stock worth $1,482,459. 69.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Consumer Portfolio Services

A number of institutional investors have recently bought and sold shares of the company. Empowered Funds LLC grew its stake in shares of Consumer Portfolio Services by 1.9% in 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 during the period. State Street Corp lifted its holdings in Consumer Portfolio Services by 2.2% in the third quarter. State Street Corp now owns 186,220 shares of the credit services provider’s stock valued at $1,747,000 after acquiring an additional 3,922 shares during the last quarter. Barclays PLC grew its position in Consumer Portfolio Services by 297.6% in the third quarter. Barclays PLC now owns 11,794 shares of the credit services provider’s stock worth $110,000 after acquiring an additional 8,828 shares during the period. Segall Bryant & Hamill LLC acquired a new stake in Consumer Portfolio Services during the third quarter worth $445,000. Finally, Fisher Asset Management LLC purchased a new stake in Consumer Portfolio Services in the third quarter valued at $960,000. 47.57% of the stock is owned by hedge funds and other 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.