CPI Card Group (NASDAQ:PMTS) Director Acquires 4,651 Shares of Stock

CPI Card Group Inc. (NASDAQ:PMTS) Director Marc Sheinbaum acquired 4,651 shares of CPI Card Group stock in a transaction on Monday, September 14th. The shares were bought at an average price of $21.50 per share, for a total transaction of $99,996.50. Following the purchase, the director owned 26,500 shares of the company’s stock, valued at $569,750. This represents a 21.29% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

CPI Card Group Stock Performance

Shares of NASDAQ:PMTS traded up $1.76 during mid-day trading on Monday, hitting $24.26. 612,736 shares of the company traded hands, compared to its average volume of 162,742. The firm’s 50 day simple moving average is $24.44 and its 200 day simple moving average is $19.35. The firm has a market cap of $279.72 million, a P/E ratio of 21.10 and a beta of 0.97. CPI Card Group Inc. has a 52-week low of $10.81 and a 52-week high of $31.25.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of PMTS. Bank of New York Mellon Corp purchased a new position in shares of CPI Card Group in the second quarter worth approximately $910,000. Creek Drive Management Group LLC acquired a new position in CPI Card Group in the 4th quarter valued at $440,000. California State Teachers Retirement System lifted its position in CPI Card Group by 453.8% during the 2nd quarter. California State Teachers Retirement System now owns 2,265 shares of the company’s stock worth $47,000 after acquiring an additional 1,856 shares during the last quarter. Potomac Capital Management Inc. acquired a new position in CPI Card Group during the 4th quarter worth $337,000. Finally, Ancora Advisors LLC acquired a new stake in shares of CPI Card Group in the second quarter valued at about $41,000. Institutional investors own 22.08% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Wall Street Zen raised shares of CPI Card Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 25th. Zacks Research downgraded shares of CPI Card Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. B. Riley Financial reissued a “buy” rating on shares of CPI Card Group in a research report on Friday, August 7th. Roth Capital reaffirmed a “buy” rating and set a $32.00 price target on shares of CPI Card Group in a research report on Tuesday, August 11th. Finally, DA Davidson lifted their price target on CPI Card Group from $30.00 to $34.00 and gave the stock a “buy” rating in a research note on Tuesday, August 11th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $30.25.

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.