Consumer Portfolio Services (NASDAQ:CPSS) Stock Crosses Above 200-Day Moving Average – Time to Sell?

Consumer Portfolio Services, Inc. (NASDAQ:CPSS)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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 Ratings Changes

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

Consumer Portfolio Services Trading Down 3.4 %

The company has a current ratio of 19.17, a quick ratio of 19.16 and a debt-to-equity ratio of 10.52. The stock has a 50-day simple moving average of $11.02 and a 200 day simple moving average of $10.04. The company has a market cap of $241.72 million, a price-to-earnings ratio of 12.98 and a beta of 1.98.

Insider Buying and Selling

In related news, VP April Crisp sold 2,500 shares of the business’s stock in a transaction on 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 transaction, the vice president now directly owns 17,212 shares in the company, valued at $191,913.80. The trade was a 12.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director William B. Roberts sold 15,000 shares of the 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 sale, the director now directly owns 700,078 shares in the company, valued at $7,315,815.10. This represents a 2.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 139,756 shares of company stock valued at $1,482,459 over the last quarter. 69.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CPSS. Empowered Funds LLC grew its stake in shares of 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 worth $1,577,000 after purchasing an additional 2,700 shares during the period. State Street Corp grew its position in Consumer Portfolio Services by 2.2% during the third quarter. State Street Corp now owns 186,220 shares of the credit services provider’s stock valued at $1,747,000 after buying an additional 3,922 shares during the period. Barclays PLC increased its holdings 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 valued at $110,000 after buying an additional 8,828 shares in the last quarter. Segall Bryant & Hamill LLC purchased a new position in Consumer Portfolio Services in the third quarter valued at $445,000. Finally, Fisher Asset Management LLC acquired a new position in shares of Consumer Portfolio Services in the third quarter worth about $960,000. 47.57% of the stock is currently 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.