Insider Buying: CPI Card Group (NASDAQ:PMTS) Chairman Buys $104,000.00 in Stock

CPI Card Group Inc. (NASDAQ:PMTS) Chairman H Sanford Riley purchased 6,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The stock was acquired at an average cost of $16.00 per share, with a total value of $104,000.00. Following the transaction, the chairman directly owned 259,938 shares of the company’s stock, valued at approximately $4,159,008. This represents a 2.56% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

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

CPI Card Group Stock Up 8.0%

NASDAQ:PMTS opened at $17.18 on Friday. The firm has a market capitalization of $197.23 million, a PE ratio of 16.84 and a beta of 1.10. The firm has a 50-day moving average price of $16.08 and a 200 day moving average price of $14.68. CPI Card Group Inc. has a 12-month low of $10.81 and a 12-month high of $25.50.

CPI Card Group (NASDAQ:PMTS) last posted its quarterly earnings data 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 company had revenue of $147.11 million during the quarter, compared to analyst estimates of $134.69 million. CPI Card Group had a net margin of 2.15% and a negative return on equity of 92.16%. On average, research analysts expect that CPI Card Group Inc. will post 1.89 EPS for the current year.

Analysts Set New Price Targets

PMTS has been the subject of several recent analyst reports. Weiss Ratings lowered shares of CPI Card Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 18th. Lake Street Capital reaffirmed a “buy” rating and set a $27.00 price objective on shares of CPI Card Group in a report on Wednesday, May 6th. Roth Mkm reaffirmed a “buy” rating and set a $25.00 price objective on shares of CPI Card Group in a report on Tuesday, May 5th. Wall Street Zen lowered shares of CPI Card Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. Finally, DA Davidson reaffirmed a “buy” rating and set a $30.00 price objective on shares of CPI Card Group in a report on Wednesday, March 11th. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $27.50.

Institutional Trading of CPI Card Group

A number of hedge funds and other institutional investors have recently modified their holdings of PMTS. Jane Street Group LLC acquired a new stake in shares of CPI Card Group in the first quarter valued at approximately $223,000. Acadian Asset Management LLC acquired a new stake in shares of CPI Card Group in the first quarter valued at approximately $248,000. Geode Capital Management LLC increased its holdings in shares of CPI Card Group by 12.6% in the second quarter. Geode Capital Management LLC now owns 125,500 shares of the company’s stock valued at $2,977,000 after purchasing an additional 14,039 shares in the last quarter. First Trust Advisors LP increased its holdings in shares of CPI Card Group by 5.5% in the second quarter. First Trust Advisors LP now owns 14,987 shares of the company’s stock valued at $355,000 after purchasing an additional 782 shares in the last quarter. Finally, Marshall Wace LLP increased its holdings in shares of CPI Card Group by 11.9% in the second quarter. Marshall Wace LLP now owns 102,834 shares of the company’s stock valued at $2,439,000 after purchasing an additional 10,930 shares in the last quarter. Institutional investors and hedge funds own 22.08% of the company’s stock.

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.