Hillsdale Investment Management Inc. Invests $3.24 Million in CPI Card Group Inc. (NASDAQ:PMTS)

Hillsdale Investment Management Inc. purchased a new stake in shares of CPI Card Group Inc. (NASDAQ:PMTS) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 108,400 shares of the company’s stock, valued at approximately $3,240,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. MetLife Investment Management LLC lifted its position in CPI Card Group by 129.1% during the third quarter. MetLife Investment Management LLC now owns 2,939 shares of the company’s stock valued at $82,000 after buying an additional 1,656 shares during the period. IFP Advisors Inc lifted its position in CPI Card Group by 96.6% in the 4th quarter. IFP Advisors Inc now owns 3,048 shares of the company’s stock valued at $91,000 after acquiring an additional 1,498 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of CPI Card Group during the fourth quarter valued at $104,000. BNP Paribas Financial Markets boosted its holdings in shares of CPI Card Group by 182.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 5,281 shares of the company’s stock valued at $147,000 after acquiring an additional 3,414 shares during the last quarter. Finally, Barclays PLC boosted its holdings in CPI Card Group by 251.2% in the third quarter. Barclays PLC now owns 7,330 shares of the company’s stock worth $205,000 after purchasing an additional 5,243 shares during the last quarter. 22.08% of the stock is owned by institutional investors.

CPI Card Group Price Performance

Shares of PMTS opened at $29.40 on Friday. The business’s 50 day simple moving average is $29.57 and its 200-day simple moving average is $28.50. CPI Card Group Inc. has a 1 year low of $15.21 and a 1 year high of $35.19. The stock has a market capitalization of $330.49 million, a price-to-earnings ratio of 22.44 and a beta of 1.36.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on PMTS. B. Riley boosted their target price on shares of CPI Card Group from $33.00 to $34.00 and gave the company a “buy” rating in a research report on Wednesday, March 5th. DA Davidson lifted their target price on shares of CPI Card Group from $36.00 to $38.00 and gave the company a “buy” rating in a research note on Wednesday, March 5th. Lake Street Capital increased their price target on CPI Card Group from $33.00 to $37.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Finally, Roth Mkm reiterated a “buy” rating and set a $40.00 target price on shares of CPI Card Group in a research report on Wednesday, March 5th. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $37.25.

CPI Card Group Profile

CPI Card Group Inc, together with its subsidiaries, engages in the design, production, data personalization, packaging, and fulfillment of financial payment cards. It operates through Debit and Credit, and Prepaid Debit segments. The Debit and Credit segment produces financial payment cards and provides integrated card services to card-issuing financial institutions.