Creek Drive Management Group LLC bought a new stake in CPI Card Group Inc. (NASDAQ:PMTS – Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 30,000 shares of the company’s stock, valued at approximately $440,000.
Several other hedge funds and other institutional investors also recently modified their holdings of the business. Kestra Advisory Services LLC acquired a new stake in CPI Card Group in the fourth quarter valued at about $29,000. Los Angeles Capital Management LLC acquired a new position in CPI Card Group during the fourth quarter worth about $52,000. Lazard Asset Management LLC lifted its holdings in shares of CPI Card Group by 100.4% in the second quarter. Lazard Asset Management LLC now owns 2,928 shares of the company’s stock worth $69,000 after acquiring an additional 1,467 shares during the last quarter. IFP Advisors Inc lifted its holdings in shares of CPI Card Group by 37.0% in the third quarter. IFP Advisors Inc now owns 5,949 shares of the company’s stock worth $91,000 after acquiring an additional 1,607 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in shares of CPI Card Group by 73.1% in the fourth quarter. Wells Fargo & Company MN now owns 6,769 shares of the company’s stock worth $99,000 after acquiring an additional 2,859 shares during the last quarter. Institutional investors own 22.08% of the company’s stock.
Insider Buying and Selling at CPI Card Group
In other CPI Card Group news, Chairman H Sanford Riley purchased 6,500 shares of the firm’s stock in a transaction on Tuesday, May 19th. The stock was purchased at an average cost of $16.00 per share, for a total transaction of $104,000.00. Following the acquisition, the chairman owned 259,938 shares in the company, valued at approximately $4,159,008. The trade was a 2.56% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Donna Abbey Carmignani sold 4,870 shares of CPI Card Group stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $15.32, for a total value of $74,608.40. Following the completion of the transaction, the insider directly owned 5,478 shares of the company’s stock, valued at approximately $83,922.96. This trade represents a 47.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 5.80% of the stock is owned by insiders.
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CPI Card Group Stock Performance
Shares of NASDAQ PMTS opened at $18.26 on Friday. The company has a market capitalization of $209.62 million, a P/E ratio of 17.90 and a beta of 1.07. CPI Card Group Inc. has a 52-week low of $10.81 and a 52-week high of $25.50. The company’s 50 day moving average price is $17.29 and its 200-day moving average price is $15.28.
CPI Card Group (NASDAQ:PMTS – Get Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.06. CPI Card Group had a net margin of 2.15% and a negative return on equity of 92.16%. The company had revenue of $147.11 million during the quarter, compared to analysts’ expectations of $134.69 million. Analysts forecast that CPI Card Group Inc. will post 2.52 earnings per share for the current year.
CPI Card Group Profile
CPI Card Group, Inc (NASDAQ: PMTS) is a leading provider of payment, identification and related credential solutions for financial institutions, governments and private enterprises. The company specializes in the design, manufacturing and personalization of secure plastic and metal cards, including EMV chip, magnetic-stripe and contactless cards. CPI Card Group also offers digital credentialing services and cloud-based card management tools that enable real-time controls, mobile wallet integration, fraud monitoring and analytics.
With a focus on security and innovation, CPI Card Group integrates advanced features such as holograms, microprinting, RFID/NFC technology and laser-engraved artwork into its card products.
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