CPI Card Group Inc. (NASDAQ:PMTS) Chairman H Sanford Riley Buys 15,000 Shares

CPI Card Group Inc. (NASDAQ:PMTS) Chairman H Sanford Riley acquired 15,000 shares of the firm’s stock in a transaction dated Friday, May 9th. The shares were purchased at an average cost of $21.51 per share, for a total transaction of $322,650.00. Following the completion of the acquisition, the chairman now directly owns 19,966 shares in the company, valued at approximately $429,468.66. This represents a 302.05% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

CPI Card Group Stock Performance

NASDAQ:PMTS opened at $23.09 on Thursday. The stock’s fifty day moving average is $26.22 and its 200 day moving average is $28.60. CPI Card Group Inc. has a fifty-two week low of $18.46 and a fifty-two week high of $35.19. The firm has a market capitalization of $260.48 million, a PE ratio of 17.63 and a beta of 1.77.

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

Analyst Ratings Changes

Several analysts have recently issued reports on the company. DA Davidson upped their price objective on CPI Card Group from $36.00 to $38.00 and gave the stock a “buy” rating in a report on Wednesday, March 5th. B. Riley increased their price target on CPI Card Group from $33.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, March 5th. Roth Mkm restated a “buy” rating and set a $40.00 price target on shares of CPI Card Group in a report on Wednesday, March 5th. Lake Street Capital decreased their price target on CPI Card Group from $37.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, May 8th. Finally, StockNews.com lowered CPI Card Group from a “strong-buy” rating to a “buy” rating in a report on Friday, May 9th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $36.75.

Hedge Funds Weigh In On CPI Card Group

Hedge funds have recently bought and sold shares of the business. Ritholtz Wealth Management grew its position in CPI Card Group by 16.9% in the 4th quarter. Ritholtz Wealth Management now owns 18,840 shares of the company’s stock valued at $563,000 after acquiring an additional 2,723 shares during the last quarter. Barclays PLC grew its position in CPI Card Group by 251.2% in the 3rd quarter. Barclays PLC now owns 7,330 shares of the company’s stock valued at $205,000 after acquiring an additional 5,243 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in CPI Card Group by 10.3% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 23,412 shares of the company’s stock valued at $700,000 after acquiring an additional 2,178 shares during the last quarter. Exchange Traded Concepts LLC bought a new position in CPI Card Group in the 4th quarter valued at $264,000. Finally, JPMorgan Chase & Co. grew its position in CPI Card Group by 703.0% in the 4th quarter. JPMorgan Chase & Co. now owns 18,188 shares of the company’s stock valued at $544,000 after acquiring an additional 15,923 shares during the last quarter. Institutional investors own 22.08% of the company’s stock.

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.