Consumer Portfolio Services (NASDAQ:CPSS) Shares Pass Above 200 Day Moving Average of $8.63

Consumer Portfolio Services, Inc. (NASDAQ:CPSS) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $8.63 and traded as high as $10.30. Consumer Portfolio Services shares last traded at $9.56, with a volume of 59,085 shares.

Consumer Portfolio Services Stock Performance

The company has a debt-to-equity ratio of 8.59, a current ratio of 9.00 and a quick ratio of 9.00. The company has a market capitalization of $206.00 million, a P/E ratio of 6.49 and a beta of 2.01. The stock’s 50 day simple moving average is $8.53 and its two-hundred day simple moving average is $8.63.

Consumer Portfolio Services (NASDAQ:CPSS) last posted its quarterly earnings results on Friday, May 10th. The credit services provider reported $0.19 earnings per share for the quarter. The business had revenue of $91.74 million during the quarter. Consumer Portfolio Services had a net margin of 10.01% and a return on equity of 13.44%.

Insider Buying and Selling

In related news, CEO Charles E. Bradley, Jr. sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $8.98, for a total transaction of $449,000.00. Following the completion of the sale, the chief executive officer now directly owns 3,790,092 shares of the company’s stock, valued at $34,035,026.16. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold a total of 56,732 shares of company stock valued at $503,872 over the last ninety days. Insiders own 67.70% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Russell Investments Group Ltd. grew its holdings in Consumer Portfolio Services by 1.6% during the fourth quarter. Russell Investments Group Ltd. now owns 113,408 shares of the credit services provider’s stock valued at $1,063,000 after purchasing an additional 1,757 shares during the period. HighPoint Advisor Group LLC acquired a new position in Consumer Portfolio Services during the fourth quarter valued at approximately $766,000. Janney Montgomery Scott LLC grew its holdings in Consumer Portfolio Services by 16.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 45,522 shares of the credit services provider’s stock valued at $427,000 after purchasing an additional 6,582 shares during the period. Vanguard Group Inc. grew its holdings in Consumer Portfolio Services by 0.7% during the first quarter. Vanguard Group Inc. now owns 521,457 shares of the credit services provider’s stock valued at $3,942,000 after purchasing an additional 3,418 shares during the period. Finally, BNP Paribas Financial Markets grew its holdings in Consumer Portfolio Services by 229.7% during the first quarter. BNP Paribas Financial Markets now owns 9,051 shares of the credit services provider’s stock valued at $68,000 after purchasing an additional 6,306 shares during the period. Institutional investors and hedge funds 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.