H Sanford Riley Purchases 6,500 Shares of CPI Card Group (NASDAQ:PMTS) Stock

CPI Card Group Inc. (NASDAQ:PMTS) Chairman H Sanford Riley purchased 6,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The stock was acquired at an average price of $16.00 per share, with a total value of $104,000.00. Following the completion of the purchase, the chairman owned 259,938 shares in the company, valued at $4,159,008. This represents a 2.56% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Tuesday, May 19th, H Sanford Riley bought 5,400 shares of CPI Card Group stock. The shares were acquired at an average price of $16.00 per share, with a total value of $86,400.00.

CPI Card Group Trading Up 8.0%

NASDAQ PMTS opened at $17.18 on Friday. The stock’s fifty day moving average price is $16.08 and its 200-day moving average price is $14.68. The stock has a market cap of $197.23 million, a P/E ratio of 16.84 and a beta of 1.10. CPI Card Group Inc. has a 12 month low of $10.81 and a 12 month high of $25.50.

CPI Card Group (NASDAQ:PMTS) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.32 by $0.06. CPI Card Group had a net margin of 2.15% and a negative return on equity of 92.16%. The company had revenue of $147.11 million for the quarter, compared to the consensus estimate of $134.69 million. As a group, analysts forecast that CPI Card Group Inc. will post 1.89 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

PMTS has been the subject of a number of research analyst reports. Wall Street Zen downgraded shares of CPI Card Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 9th. DA Davidson reaffirmed a “buy” rating and issued a $30.00 price objective on shares of CPI Card Group in a research note on Wednesday, March 11th. Lake Street Capital reissued a “buy” rating and set a $27.00 target price on shares of CPI Card Group in a research note on Wednesday, May 6th. Weiss Ratings cut shares of CPI Card Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $25.00 price objective on shares of CPI Card Group in a research note on Tuesday, May 5th. Four research 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. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $27.50.

Hedge Funds Weigh In On CPI Card Group

A number of large investors have recently made changes to their positions in PMTS. Jane Street Group LLC purchased a new stake in CPI Card Group in the 1st quarter worth about $223,000. Acadian Asset Management LLC bought a new stake in shares of CPI Card Group during the 1st quarter worth approximately $248,000. Geode Capital Management LLC grew its position in CPI Card Group by 12.6% in the 2nd quarter. Geode Capital Management LLC now owns 125,500 shares of the company’s stock valued at $2,977,000 after acquiring an additional 14,039 shares during the last quarter. First Trust Advisors LP lifted its position in shares of CPI Card Group by 5.5% during the second 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. Finally, Marshall Wace LLP boosted its stake in shares of CPI Card Group by 11.9% during the second quarter. Marshall Wace LLP now owns 102,834 shares of the company’s stock valued at $2,439,000 after purchasing an additional 10,930 shares during the period. 22.08% of the stock is owned by hedge funds and other institutional investors.

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.