CPI Card Group (NASDAQ:PMTS) Chairman Purchases 13,953 Shares of Stock

CPI Card Group Inc. (NASDAQ:PMTS) Chairman H. Riley acquired 13,953 shares of CPI Card Group stock in a transaction that occurred on Monday, September 14th. The stock was acquired at an average cost of $21.50 per share, with a total value of $299,989.50. Following the purchase, the chairman directly owned 277,232 shares of the company’s stock, valued at $5,960,488. This represents a 5.30% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

CPI Card Group Price Performance

Shares of PMTS stock traded up $1.76 during mid-day trading on Monday, hitting $24.26. 612,736 shares of the stock traded hands, compared to its average volume of 162,742. CPI Card Group Inc. has a 52-week low of $10.81 and a 52-week high of $31.25. The stock has a market cap of $279.72 million, a P/E ratio of 10.77 and a beta of 0.97. The stock’s fifty day moving average is $24.44 and its two-hundred day moving average is $19.35.

Wall Street Analyst Weigh In

Several brokerages have recently commented on PMTS. B. Riley Financial reiterated a “buy” rating on shares of CPI Card Group in a report on Friday, August 7th. Wall Street Zen upgraded CPI Card Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 25th. Zacks Research lowered shares of CPI Card Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. DA Davidson boosted their target price on shares of CPI Card Group from $30.00 to $34.00 and gave the stock a “buy” rating in a research report on Tuesday, August 11th. Finally, Weiss Ratings upgraded shares of CPI Card Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, CPI Card Group presently has a consensus rating of “Moderate Buy” and an average price target of $30.25.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of PMTS. Ancora Advisors LLC acquired a new stake in shares of CPI Card Group during the second quarter worth about $41,000. California State Teachers Retirement System increased its holdings in CPI Card Group by 453.8% in the 2nd quarter. California State Teachers Retirement System now owns 2,265 shares of the company’s stock worth $47,000 after buying an additional 1,856 shares during the period. Lazard Asset Management LLC purchased a new position in CPI Card Group during the 1st quarter worth approximately $157,000. Janney Montgomery Scott LLC lifted its stake in CPI Card Group by 10.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 14,736 shares of the company’s stock valued at $214,000 after acquiring an additional 1,346 shares during the period. Finally, Potomac Capital Management Inc. acquired a new stake in CPI Card Group during the 4th quarter valued at approximately $337,000. 22.08% of the stock is currently 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.