Consumer Portfolio Services, Inc. (NASDAQ:CPSS) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $3.48 and traded as high as $3.56. Consumer Portfolio Services shares last traded at $3.56, with a volume of 100 shares traded.
Several brokerages have issued reports on CPSS. ValuEngine lowered Consumer Portfolio Services from a “buy” rating to a “hold” rating in a research note on Tuesday, December 3rd. Zacks Investment Research raised Consumer Portfolio Services from a “sell” rating to a “hold” rating in a research note on Tuesday, December 31st.
The stock has a market cap of $78.41 million, a PE ratio of 7.73 and a beta of 1.50. The company has a debt-to-equity ratio of 10.46, a current ratio of 11.54 and a quick ratio of 11.54. The business has a 50 day moving average price of $3.40 and a two-hundred day moving average price of $3.48.
In other news, Director Greg Washer sold 40,000 shares of the stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $3.42, for a total transaction of $136,800.00. Following the completion of the sale, the director now owns 290,444 shares of the company’s stock, valued at $993,318.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 46.00% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. California Public Employees Retirement System boosted its stake in shares of Consumer Portfolio Services by 5.8% during the third quarter. California Public Employees Retirement System now owns 118,000 shares of the credit services provider’s stock valued at $424,000 after purchasing an additional 6,500 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Consumer Portfolio Services by 8.1% during the second quarter. Renaissance Technologies LLC now owns 352,909 shares of the credit services provider’s stock valued at $1,341,000 after purchasing an additional 26,302 shares during the period. Vanguard Group Inc. boosted its stake in shares of Consumer Portfolio Services by 4.4% during the second quarter. Vanguard Group Inc. now owns 658,270 shares of the credit services provider’s stock valued at $2,501,000 after purchasing an additional 28,006 shares during the period. Finally, BlackRock Inc. raised its holdings in shares of Consumer Portfolio Services by 18.1% during the second quarter. BlackRock Inc. now owns 759,535 shares of the credit services provider’s stock valued at $2,887,000 after acquiring an additional 116,290 shares in the last quarter. 48.38% of the stock is owned by hedge funds and other institutional investors.
About Consumer Portfolio Services (NASDAQ:CPSS)
Consumer Portfolio Services, Inc operates as a specialty finance company in the United States. It purchases and services 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. The company, through its automobile contract purchases, offers indirect financing to the customers of dealers with limited credit histories, low incomes, or past credit problems.
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