CPI Card Group (NASDAQ:PMTS) Chairman Buys $2,702,000.00 in Stock

CPI Card Group Inc. (NASDAQ:PMTS) Chairman H Sanford Riley purchased 200,000 shares of the business’s stock in a transaction that occurred on Thursday, December 4th. The stock was bought at an average price of $13.51 per share, for a total transaction of $2,702,000.00. Following the acquisition, the chairman owned 252,366 shares of the company’s stock, valued at $3,409,464.66. This represents a 381.93% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

H Sanford Riley also recently made the following trade(s):

• On Thursday, November 6th, H Sanford Riley acquired 10,000 shares of CPI Card Group stock. The stock was bought at an average price of $14.20 per share, with a total value of $142,000.00.

CPI Card Group Trading Up 10.8%

NASDAQ:PMTS opened at $15.82 on Monday. The company has a 50-day moving average price of $14.67 and a 200-day moving average price of $17.64. The stock has a market cap of $180.19 million, a price-to-earnings ratio of 13.18 and a beta of 1.20. CPI Card Group Inc. has a 12 month low of $11.64 and a 12 month high of $35.19.

CPI Card Group (NASDAQ:PMTS) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.16). CPI Card Group had a net margin of 2.79% and a negative return on equity of 58.98%. The company had revenue of $137.97 million for the quarter, compared to analysts’ expectations of $140.62 million. Equities analysts forecast that CPI Card Group Inc. will post 1.63 EPS for the current fiscal year.

Hedge Funds Weigh In On CPI Card Group

Several institutional investors and hedge funds have recently modified their holdings of PMTS. Nuveen LLC purchased a new stake in CPI Card Group during the 1st quarter valued at about $1,685,000. US Bancorp DE bought a new position in shares of CPI Card Group in the first quarter worth approximately $33,000. Cubist Systematic Strategies LLC lifted its stake in shares of CPI Card Group by 52.1% in the first quarter. Cubist Systematic Strategies LLC now owns 14,078 shares of the company’s stock worth $411,000 after buying an additional 4,820 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of CPI Card Group by 130.4% during the first quarter. Russell Investments Group Ltd. now owns 3,800 shares of the company’s stock valued at $111,000 after buying an additional 2,151 shares during the last quarter. Finally, Crown Advisors Management Inc. bought a new stake in shares of CPI Card Group during the first quarter valued at approximately $1,195,000. 22.08% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on PMTS shares. Weiss Ratings lowered CPI Card Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, October 8th. Lake Street Capital set a $25.00 price target on CPI Card Group in a research note on Wednesday, November 5th. DA Davidson lowered their price objective on CPI Card Group from $32.00 to $30.00 and set a “buy” rating for the company in a research report on Wednesday, November 5th. Zacks Research downgraded shares of CPI Card Group from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 5th. Finally, Roth Capital set a $30.00 price target on shares of CPI Card Group in a research note on Tuesday, November 4th. Four analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $30.60.

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.