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

CPI Card Group Inc. (NASDAQ:PMTS) Chairman H Sanford Riley purchased 6,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The shares were purchased at an average cost 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 trade represents a 2.56% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link.

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

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

CPI Card Group Trading Down 0.8%

PMTS stock opened at $15.91 on Friday. CPI Card Group Inc. has a 12 month low of $10.81 and a 12 month high of $25.50. The company has a 50-day moving average price of $16.05 and a 200 day moving average price of $14.66. The stock has a market cap of $182.58 million, a PE ratio of 15.60 and a beta of 1.10.

CPI Card Group (NASDAQ:PMTS) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $147.11 million during the quarter, compared to analysts’ expectations of $134.69 million. Sell-side analysts forecast that CPI Card Group Inc. will post 1.89 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on PMTS shares. Wall Street Zen cut shares of CPI Card Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. Roth Mkm reiterated a “buy” rating and set a $25.00 price objective on shares of CPI Card Group in a report on Tuesday, May 5th. Weiss Ratings lowered shares of CPI Card Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday. Lake Street Capital reiterated a “buy” rating and set a $27.00 price objective on shares of CPI Card Group in a report on Wednesday, May 6th. Finally, DA Davidson reiterated a “buy” rating and set a $30.00 price objective on shares of CPI Card Group in a report on Wednesday, March 11th. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $27.50.

Institutional Investors Weigh In On CPI Card Group

Several large investors have recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of CPI Card Group by 5.7% in the 3rd quarter. Vanguard Group Inc. now owns 498,101 shares of the company’s stock valued at $7,541,000 after purchasing an additional 26,848 shares in the last quarter. Vector Capital Management L.P. raised its stake in shares of CPI Card Group by 18.6% during the 3rd quarter. Vector Capital Management L.P. now owns 459,314 shares of the company’s stock worth $6,954,000 after acquiring an additional 71,891 shares in the last quarter. Pacific Ridge Capital Partners LLC raised its stake in shares of CPI Card Group by 13.1% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 442,464 shares of the company’s stock worth $6,495,000 after acquiring an additional 51,139 shares in the last quarter. Wasatch Advisors LP raised its stake in shares of CPI Card Group by 56.3% during the 2nd quarter. Wasatch Advisors LP now owns 357,754 shares of the company’s stock worth $8,486,000 after acquiring an additional 128,808 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of CPI Card Group by 5.2% during the 4th quarter. Geode Capital Management LLC now owns 145,450 shares of the company’s stock worth $2,136,000 after acquiring an additional 7,236 shares in the last quarter. Institutional investors own 22.08% of the company’s stock.

CPI Card Group Company Profile

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.