Pacific Ridge Capital Partners LLC Boosts Position in CPI Card Group Inc. $PMTS

Pacific Ridge Capital Partners LLC raised its position in CPI Card Group Inc. (NASDAQ:PMTS) by 13.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 442,464 shares of the company’s stock after acquiring an additional 51,139 shares during the quarter. CPI Card Group makes up 1.4% of Pacific Ridge Capital Partners LLC’s portfolio, making the stock its 29th biggest holding. Pacific Ridge Capital Partners LLC owned 3.88% of CPI Card Group worth $6,495,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Lazard Asset Management LLC raised its position in shares of CPI Card Group by 100.4% during the 2nd quarter. Lazard Asset Management LLC now owns 2,928 shares of the company’s stock valued at $69,000 after purchasing an additional 1,467 shares during the period. IFP Advisors Inc boosted its stake in CPI Card Group by 37.0% in the 3rd quarter. IFP Advisors Inc now owns 5,949 shares of the company’s stock worth $91,000 after purchasing an additional 1,607 shares during the period. 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 valued at $102,000 after buying an additional 3,331 shares in the last quarter. Man Group plc raised its position in shares of CPI Card Group by 8.3% during the third quarter. Man Group plc now owns 13,134 shares of the company’s stock valued at $199,000 after buying an additional 1,006 shares during the last quarter. Finally, Jane Street Group LLC purchased a new position in shares of CPI Card Group in the first quarter worth $223,000. Hedge funds and other institutional investors own 22.08% of the company’s stock.

CPI Card Group Price Performance

NASDAQ:PMTS opened at $15.29 on Tuesday. The firm has a market cap of $175.53 million, a PE ratio of 14.99 and a beta of 1.10. The company has a 50-day moving average of $15.77 and a 200 day moving average of $14.69. CPI Card Group Inc. has a 1-year low of $10.81 and a 1-year high of $25.50.

CPI Card Group (NASDAQ:PMTS) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.06. The firm 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%. Sell-side analysts anticipate that CPI Card Group Inc. will post 1.89 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Wall Street Zen downgraded CPI Card Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday. DA Davidson reiterated a “buy” rating and issued a $30.00 price target on shares of CPI Card Group in a research report on Wednesday, March 11th. Lake Street Capital restated 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 research report on Tuesday, May 5th. Finally, Weiss Ratings upgraded CPI Card Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, May 4th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $27.50.

CPI Card Group 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.