Nuveen LLC Makes New $1.69 Million Investment in CPI Card Group Inc. $PMTS

Nuveen LLC purchased a new stake in CPI Card Group Inc. (NASDAQ:PMTS) during the first quarter, according to its most recent filing with the SEC. The firm purchased 57,778 shares of the company’s stock, valued at approximately $1,685,000. Nuveen LLC owned 0.51% of CPI Card Group at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Ancora Advisors LLC purchased a new stake in CPI Card Group during the fourth quarter valued at approximately $1,615,000. Citadel Advisors LLC lifted its stake in shares of CPI Card Group by 317.4% during the fourth quarter. Citadel Advisors LLC now owns 34,540 shares of the company’s stock worth $1,032,000 after buying an additional 26,264 shares during the period. Millennium Management LLC grew its holdings in shares of CPI Card Group by 127.1% during the fourth quarter. Millennium Management LLC now owns 46,412 shares of the company’s stock valued at $1,387,000 after buying an additional 25,971 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in shares of CPI Card Group by 92.4% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 51,273 shares of the company’s stock valued at $1,533,000 after purchasing an additional 24,618 shares during the period. Finally, Aristeia Capital L.L.C. acquired a new position in CPI Card Group in the 4th quarter worth approximately $622,000. Institutional investors own 22.08% of the company’s stock.

CPI Card Group Price Performance

Shares of PMTS stock opened at $15.58 on Friday. CPI Card Group Inc. has a 1-year low of $12.52 and a 1-year high of $35.19. The company has a 50-day moving average of $19.72 and a two-hundred day moving average of $23.68. The firm has a market cap of $176.68 million, a PE ratio of 13.91 and a beta of 1.31.

CPI Card Group (NASDAQ:PMTS) last announced its earnings results on Friday, August 8th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.52). CPI Card Group had a net margin of 2.66% and a negative return on equity of 58.00%. The firm had revenue of $129.75 million during the quarter, compared to analysts’ expectations of $132.96 million. Sell-side analysts anticipate that CPI Card Group Inc. will post 1.63 EPS for the current fiscal year.

Insiders Place Their Bets

In other CPI Card Group news, Chairman H Sanford Riley purchased 10,000 shares of the business’s stock in a transaction on Tuesday, August 12th. The shares were bought at an average cost of $15.75 per share, for a total transaction of $157,500.00. Following the completion of the purchase, the chairman directly owned 31,033 shares of the company’s stock, valued at approximately $488,769.75. This trade represents a 47.54% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Zacks Research raised CPI Card Group to a “hold” rating in a research report on Monday, August 11th. DA Davidson decreased their price objective on shares of CPI Card Group from $38.00 to $32.00 and set a “buy” rating for the company in a research report on Tuesday, August 12th. Lake Street Capital cut their price objective on CPI Card Group from $35.00 to $30.00 and set a “buy” rating for the company in a research report on Monday, August 11th. Finally, Wall Street Zen lowered shares of CPI Card Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 16th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $34.00.

CPI Card Group 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.