Freestone Capital Holdings LLC Sells 5,000 Shares of CPI Card Group Inc. $PMTS

Freestone Capital Holdings LLC lowered its position in CPI Card Group Inc. (NASDAQ:PMTS) by 12.5% during the 2nd quarter, Holdings Channel reports. The firm owned 35,000 shares of the company’s stock after selling 5,000 shares during the quarter. Freestone Capital Holdings LLC’s holdings in CPI Card Group were worth $830,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Nuveen LLC purchased a new stake in shares of CPI Card Group in the 1st quarter worth $1,685,000. Crown Advisors Management Inc. purchased a new position in shares of CPI Card Group during the first quarter valued at $1,195,000. Janney Montgomery Scott LLC bought a new stake in shares of CPI Card Group in the second quarter valued at about $347,000. Trexquant Investment LP lifted its stake in CPI Card Group by 60.1% in the first quarter. Trexquant Investment LP now owns 32,675 shares of the company’s stock worth $953,000 after acquiring an additional 12,267 shares during the period. Finally, Acadian Asset Management LLC bought a new position in CPI Card Group during the 1st quarter worth about $248,000. 22.08% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at CPI Card Group

In other CPI Card Group news, Chairman H Sanford Riley bought 10,000 shares of CPI Card Group stock in a transaction that occurred on Tuesday, August 12th. The shares were bought at an average cost of $15.75 per share, with a total value of $157,500.00. Following the transaction, the chairman directly owned 31,033 shares of the company’s stock, valued at approximately $488,769.75. This represents a 47.54% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on PMTS shares. Weiss Ratings lowered shares of CPI Card Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, October 8th. DA Davidson cut their price objective on shares of CPI Card Group from $38.00 to $32.00 and set a “buy” rating on the stock in a report on Tuesday, August 12th. Wall Street Zen downgraded shares of CPI Card Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 16th. Lake Street Capital lowered their target price on CPI Card Group from $35.00 to $30.00 and set a “buy” rating for the company in a report on Monday, August 11th. Finally, Zacks Research upgraded CPI Card Group to a “hold” rating in a report on Monday, August 11th. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, CPI Card Group currently has a consensus rating of “Moderate Buy” and an average price target of $34.00.

CPI Card Group Stock Up 12.1%

NASDAQ:PMTS opened at $17.53 on Tuesday. The stock has a market capitalization of $198.74 million, a price-to-earnings ratio of 15.65 and a beta of 1.38. CPI Card Group Inc. has a 52 week low of $12.52 and a 52 week high of $35.19. The firm has a 50 day moving average of $15.51 and a 200 day moving average of $19.44.

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

About CPI Card Group

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.