Insider Buying: CPI Card Group (NASDAQ:PMTS) Director Purchases $250,002.00 in Stock

CPI Card Group Inc. (NASDAQ:PMTS) Director Nicholas Peters acquired 11,628 shares of the company’s stock in a transaction dated Monday, September 14th. The shares were bought at an average price of $21.50 per share, for a total transaction of $250,002.00. Following the acquisition, the director directly owned 11,628 shares of the company’s stock, valued at approximately $250,002. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

CPI Card Group Price Performance

Shares of NASDAQ:PMTS traded up $1.76 during midday trading on Monday, hitting $24.26. 612,736 shares of the company’s stock were exchanged, compared to its average volume of 162,742. The company has a market cap of $279.72 million, a PE ratio of 21.10 and a beta of 0.97. CPI Card Group Inc. has a 12 month low of $10.81 and a 12 month high of $31.25. The stock has a 50 day moving average price of $24.44 and a 200-day moving average price of $19.35.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Weiss Ratings upgraded shares of CPI Card Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. B. Riley Financial reaffirmed a “buy” rating on shares of CPI Card Group in a report on Friday, August 7th. DA Davidson increased their price target on CPI Card Group from $30.00 to $34.00 and gave the company a “buy” rating in a research report on Tuesday, August 11th. Zacks Research cut CPI Card Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Finally, Wall Street Zen raised CPI Card Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 25th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $30.25.

Institutional Trading of CPI Card Group

A number of hedge funds and other institutional investors have recently bought and sold shares of PMTS. Bank of New York Mellon Corp purchased a new stake in CPI Card Group in the 2nd quarter worth approximately $910,000. Creek Drive Management Group LLC purchased a new position in shares of CPI Card Group during the 4th quarter valued at $440,000. Walleye Capital LLC bought a new position in shares of CPI Card Group in the first quarter worth $358,000. Potomac Capital Management Inc. bought a new position in shares of CPI Card Group in the fourth quarter worth $337,000. Finally, Janney Montgomery Scott LLC raised its position in shares of CPI Card Group by 10.1% in the first quarter. Janney Montgomery Scott LLC now owns 14,736 shares of the company’s stock worth $214,000 after buying an additional 1,346 shares in the last quarter. Institutional investors own 22.08% of the company’s stock.

About CPI Card Group

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.