CPI Card Group (NASDAQ:PMTS) Chairman H Sanford Riley Purchases 200,000 Shares

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

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

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

CPI Card Group Trading Up 10.8%

Shares of PMTS stock traded up $1.54 on Friday, reaching $15.82. 108,636 shares of the stock were exchanged, compared to its average volume of 49,509. The business’s 50 day moving average price is $14.67 and its 200 day moving average price is $17.72. The company has a market capitalization of $180.16 million, a price-to-earnings ratio of 13.18 and a beta of 1.20. CPI Card Group Inc. has a twelve month low of $11.64 and a twelve month high of $35.19.

CPI Card Group (NASDAQ:PMTS) last issued its quarterly earnings data 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 negative return on equity of 58.98% and a net margin of 2.79%.The firm had revenue of $137.97 million for the quarter, compared to analyst estimates of $140.62 million. Equities research analysts forecast that CPI Card Group Inc. will post 1.63 earnings per share for the current year.

Hedge Funds Weigh In On CPI Card Group

Several hedge funds and other institutional investors have recently modified their holdings of PMTS. Rhumbline Advisers increased its holdings in shares of CPI Card Group by 7.3% in the 1st quarter. Rhumbline Advisers now owns 6,948 shares of the company’s stock worth $203,000 after acquiring an additional 474 shares during the period. First Trust Advisors LP grew its position in CPI Card Group by 5.5% in the 2nd quarter. First Trust Advisors LP now owns 14,987 shares of the company’s stock worth $355,000 after purchasing an additional 782 shares during the last quarter. Man Group plc increased its stake in shares of CPI Card Group by 8.3% in the third quarter. Man Group plc now owns 13,134 shares of the company’s stock valued at $199,000 after purchasing an additional 1,006 shares during the period. US Bancorp DE bought a new stake in shares of CPI Card Group during the first quarter valued at approximately $33,000. Finally, Lazard Asset Management LLC boosted its position in shares of CPI Card Group by 100.4% during the second quarter. Lazard Asset Management LLC now owns 2,928 shares of the company’s stock worth $69,000 after buying an additional 1,467 shares during the period. Institutional investors and hedge funds own 22.08% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. DA Davidson lowered their price target on CPI Card Group from $32.00 to $30.00 and set a “buy” rating for the company in a report on Wednesday, November 5th. Roth Capital set a $30.00 price target on CPI Card Group in a research report on Tuesday, November 4th. Zacks Research lowered shares of CPI Card Group from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 5th. Weiss Ratings downgraded shares of CPI Card Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, October 8th. Finally, B. Riley dropped their price target on shares of CPI Card Group from $34.00 to $28.00 and set a “buy” rating on the stock in a research note on Monday, November 10th. Four investment analysts have rated the stock with a Buy rating and two have given a Sell rating to the company. According to MarketBeat.com, the company 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.