Creek Drive Management Group LLC Acquires Shares of 30,000 CPI Card Group Inc. $PMTS

Creek Drive Management Group LLC acquired a new stake in CPI Card Group Inc. (NASDAQ:PMTS) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 30,000 shares of the company’s stock, valued at approximately $440,000. Creek Drive Management Group LLC owned 0.26% of CPI Card Group at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Aristeia Capital L.L.C. bought a new position in CPI Card Group in the 4th quarter valued at about $597,000. Trexquant Investment LP boosted its holdings in shares of CPI Card Group by 118.4% during the fourth quarter. Trexquant Investment LP now owns 32,991 shares of the company’s stock worth $484,000 after acquiring an additional 17,886 shares during the period. Monimus Capital Management LP grew its position in shares of CPI Card Group by 131.2% in the fourth quarter. Monimus Capital Management LP now owns 67,257 shares of the company’s stock valued at $987,000 after purchasing an additional 38,170 shares during the last quarter. State of Wisconsin Investment Board acquired a new position in shares of CPI Card Group in the fourth quarter valued at approximately $200,000. Finally, Royal Bank of Canada grew its position in shares of CPI Card Group by 13.2% in the fourth quarter. Royal Bank of Canada now owns 53,740 shares of the company’s stock valued at $789,000 after purchasing an additional 6,273 shares during the last quarter. Institutional investors and hedge funds own 22.08% of the company’s stock.

Analysts Set New Price Targets

PMTS has been the subject of several research reports. Wall Street Zen raised CPI Card Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 6th. Weiss Ratings raised CPI Card Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, June 1st. Lake Street Capital reiterated a “buy” rating and set a $27.00 price objective on shares of CPI Card Group in a research report on Wednesday, May 6th. Roth Mkm reissued a “buy” rating and set a $25.00 target price on shares of CPI Card Group in a report on Tuesday, May 5th. Finally, Zacks Research raised CPI Card Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 2nd. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $27.50.

CPI Card Group Stock Performance

Shares of PMTS opened at $18.26 on Friday. CPI Card Group Inc. has a 12 month low of $10.81 and a 12 month high of $25.50. The firm’s 50 day moving average is $17.29 and its 200-day moving average is $15.28. The stock has a market capitalization of $209.62 million, a PE ratio of 17.90 and a beta of 1.07.

CPI Card Group (NASDAQ:PMTS) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.06. CPI Card Group had a negative return on equity of 92.16% and a net margin of 2.15%.The business had revenue of $147.11 million during the quarter, compared to analysts’ expectations of $134.69 million. Equities research analysts predict that CPI Card Group Inc. will post 2.52 earnings per share for the current fiscal year.

Insider Buying and Selling at CPI Card Group

In related news, Chairman H Sanford Riley bought 5,400 shares of CPI Card Group stock in a transaction dated Tuesday, May 19th. The shares were bought at an average cost of $16.00 per share, with a total value of $86,400.00. Following the acquisition, the chairman owned 5,400 shares in the company, valued at $86,400. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Donna Abbey Carmignani sold 4,870 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $15.32, for a total value of $74,608.40. Following the completion of the transaction, the insider directly owned 5,478 shares of the company’s stock, valued at approximately $83,922.96. This trade represents a 47.06% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 5.80% 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.