CPI Card Group (NASDAQ:PMTS) Chairman Purchases $104,000.00 in Stock

CPI Card Group Inc. (NASDAQ:PMTS) Chairman H Sanford Riley bought 6,500 shares of the company’s stock in a transaction dated Tuesday, May 19th. The stock was purchased at an average price of $16.00 per share, with a total value of $104,000.00. Following the completion of the transaction, the chairman directly owned 259,938 shares in the company, valued at approximately $4,159,008. This represents a 2.56% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

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

CPI Card Group Stock Down 0.8%

Shares of NASDAQ:PMTS traded down $0.13 during midday trading on Thursday, hitting $15.91. The stock had a trading volume of 37,938 shares, compared to its average volume of 53,553. The company’s 50-day moving average price is $16.05 and its 200-day moving average price is $14.66. The company has a market capitalization of $182.65 million, a P/E ratio of 15.60 and a beta of 1.10. CPI Card Group Inc. has a fifty-two week low of $10.81 and a fifty-two week high of $25.50.

CPI Card Group (NASDAQ:PMTS) last issued its earnings results on Tuesday, May 5th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.32 by $0.06. The company had revenue of $147.11 million during the quarter, compared to analysts’ expectations of $134.69 million. CPI Card Group had a net margin of 2.15% and a negative return on equity of 92.16%. Research analysts expect that CPI Card Group Inc. will post 1.89 EPS for the current fiscal year.

Institutional Investors Weigh In On CPI Card Group

Institutional investors have recently added to or reduced their stakes in the business. Kestra Advisory Services LLC bought a new stake in CPI Card Group during the 4th quarter worth approximately $29,000. Lazard Asset Management LLC grew its holdings in CPI Card Group by 100.4% during the 2nd quarter. Lazard Asset Management LLC now owns 2,928 shares of the company’s stock worth $69,000 after acquiring an additional 1,467 shares during the last quarter. Los Angeles Capital Management LLC bought a new stake in CPI Card Group during the 4th quarter worth approximately $52,000. IFP Advisors Inc grew its holdings in CPI Card Group by 37.0% during the 3rd quarter. IFP Advisors Inc now owns 5,949 shares of the company’s stock worth $91,000 after acquiring an additional 1,607 shares during the last quarter. Finally, Bank of America Corp DE grew its holdings in CPI Card Group by 98.7% during the 3rd quarter. Bank of America Corp DE now owns 6,707 shares of the company’s stock worth $102,000 after acquiring an additional 3,331 shares during the last quarter. 22.08% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

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.