CPI Card Group Inc. (NASDAQ:PMTS) Chairman Buys $322,650.00 in Stock

CPI Card Group Inc. (NASDAQ:PMTS) Chairman H Sanford Riley purchased 15,000 shares of the business’s stock in a transaction on Friday, May 9th. The shares were purchased at an average price of $21.51 per share, with a total value of $322,650.00. Following the completion of the purchase, the chairman now owns 19,966 shares in the company, valued at approximately $429,468.66. This trade represents a 302.05% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

CPI Card Group Trading Down 0.0%

NASDAQ PMTS opened at $23.09 on Thursday. The stock’s 50 day moving average is $26.22 and its 200 day moving average is $28.60. CPI Card Group Inc. has a 12 month low of $18.46 and a 12 month high of $35.19. The stock has a market cap of $260.48 million, a PE ratio of 17.63 and a beta of 1.77.

CPI Card Group (NASDAQ:PMTS) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.16). CPI Card Group had a negative return on equity of 46.90% and a net margin of 3.38%. The business had revenue of $122.76 million during the quarter, compared to analysts’ expectations of $120.90 million. On average, analysts forecast that CPI Card Group Inc. will post 1.63 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on PMTS shares. B. Riley boosted their price objective on CPI Card Group from $33.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, March 5th. DA Davidson boosted their price objective on CPI Card Group from $36.00 to $38.00 and gave the company a “buy” rating in a research note on Wednesday, March 5th. StockNews.com downgraded CPI Card Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 9th. Lake Street Capital cut their price objective on CPI Card Group from $37.00 to $35.00 and set a “buy” rating for the company in a research note on Thursday, May 8th. Finally, Roth Mkm reiterated a “buy” rating and set a $40.00 price objective on shares of CPI Card Group in a research note on Wednesday, March 5th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $36.75.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Vector Capital Management L.P. lifted its holdings in CPI Card Group by 38.4% in the 4th quarter. Vector Capital Management L.P. now owns 360,318 shares of the company’s stock worth $10,770,000 after purchasing an additional 100,000 shares in the last quarter. Wasatch Advisors LP purchased a new position in CPI Card Group in the 4th quarter worth approximately $10,175,000. Pacific Ridge Capital Partners LLC purchased a new position in CPI Card Group in the 4th quarter worth approximately $4,401,000. Geode Capital Management LLC raised its holdings in shares of CPI Card Group by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 110,582 shares of the company’s stock worth $3,306,000 after acquiring an additional 1,953 shares in the last quarter. Finally, Hillsdale Investment Management Inc. purchased a new stake in shares of CPI Card Group during the 4th quarter worth approximately $3,240,000. 22.08% of the stock is owned by hedge funds and other institutional investors.

CPI Card Group Company Profile

CPI Card Group Inc, together with its subsidiaries, engages in the design, production, data personalization, packaging, and fulfillment of financial payment cards. It operates through Debit and Credit, and Prepaid Debit segments. The Debit and Credit segment produces financial payment cards and provides integrated card services to card-issuing financial institutions.