CPI Card Group Inc. (NASDAQ:PMTS) Short Interest Up 25.3% in January

CPI Card Group Inc. (NASDAQ:PMTS) was the recipient of a significant increase in short interest in January. As of January 30th, there was short interest totaling 260,122 shares, an increase of 25.3% from the January 15th total of 207,613 shares. Based on an average daily trading volume, of 28,950 shares, the days-to-cover ratio is currently 9.0 days. Currently, 2.4% of the shares of the stock are sold short. Currently, 2.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 28,950 shares, the days-to-cover ratio is currently 9.0 days.

CPI Card Group Stock Up 2.0%

CPI Card Group stock opened at $11.61 on Wednesday. The firm has a fifty day simple moving average of $14.09 and a two-hundred day simple moving average of $14.74. CPI Card Group has a twelve month low of $10.81 and a twelve month high of $34.25. The company has a market capitalization of $132.24 million, a PE ratio of 9.68 and a beta of 1.29.

Insider Transactions at CPI Card Group

In related news, major shareholder Equity Ulc Parallel49 sold 2,126,056 shares of the company’s stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $13.51, for a total transaction of $28,723,016.56. Following the sale, the insider owned 2,687,921 shares of the company’s stock, valued at approximately $36,313,812.71. This represents a 44.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman H Sanford Riley bought 200,000 shares of the stock in a transaction on Thursday, December 4th. The stock was purchased at an average price of $13.51 per share, for a total transaction of $2,702,000.00. Following the completion of the purchase, the chairman directly owned 252,366 shares in the company, valued at approximately $3,409,464.66. This represents a 381.93% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 2.80% of the company’s stock.

Hedge Funds Weigh In On CPI Card Group

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Pembroke Management LTD boosted its stake in shares of CPI Card Group by 87.9% during the third quarter. Pembroke Management LTD now owns 99,567 shares of the company’s stock valued at $1,507,000 after purchasing an additional 46,575 shares during the period. Janney Montgomery Scott LLC bought a new stake in CPI Card Group in the 2nd quarter worth $347,000. Corton Capital Inc. bought a new position in shares of CPI Card Group during the second quarter valued at about $232,000. IFP Advisors Inc raised its stake in shares of CPI Card Group by 52.5% during the second quarter. IFP Advisors Inc now owns 4,342 shares of the company’s stock valued at $103,000 after acquiring an additional 1,494 shares during the last quarter. Finally, Pacific Ridge Capital Partners LLC boosted its holdings in shares of CPI Card Group by 13.1% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 442,464 shares of the company’s stock worth $6,495,000 after purchasing an additional 51,139 shares during the period. 22.08% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Zacks Research upgraded CPI Card Group from a “strong sell” rating to a “hold” rating in a research report on Monday, January 5th. B. Riley Financial cut their price objective on CPI Card Group from $34.00 to $28.00 and set a “buy” rating for the company in a report on Monday, November 10th. Roth Mkm set a $30.00 price objective on shares of CPI Card Group in a research report on Tuesday, November 4th. Weiss Ratings reiterated a “sell (d+)” rating on shares of CPI Card Group in a research report on Wednesday, January 21st. Finally, DA Davidson cut their price target on shares of CPI Card Group from $32.00 to $30.00 and set a “buy” rating for the company in a research note on Wednesday, November 5th. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, CPI Card Group currently has an average rating of “Moderate Buy” and an average target price of $28.25.

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.