H Sanford Riley Purchases 2,000 Shares of CPI Card Group Inc. (NASDAQ:PMTS) Stock

CPI Card Group Inc. (NASDAQ:PMTS) Director H Sanford Riley purchased 2,000 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was acquired at an average price of $32.51 per share, with a total value of $65,020.00. Following the completion of the acquisition, the director now directly owns 9,500 shares in the company, valued at $308,845. The trade was a 26.67 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

CPI Card Group Stock Up 5.3 %

Shares of NASDAQ PMTS traded up $1.70 during midday trading on Tuesday, hitting $33.73. The stock had a trading volume of 46,188 shares, compared to its average volume of 29,828. The company has a fifty day moving average price of $25.90 and a 200 day moving average price of $26.80. The company has a market capitalization of $376.43 million, a price-to-earnings ratio of 25.75 and a beta of 1.39. CPI Card Group Inc. has a 1-year low of $15.00 and a 1-year high of $33.87.

Hedge Funds Weigh In On CPI Card Group

Hedge funds have recently made changes to their positions in the business. MetLife Investment Management LLC raised its position in CPI Card Group by 129.1% in the third quarter. MetLife Investment Management LLC now owns 2,939 shares of the company’s stock valued at $82,000 after purchasing an additional 1,656 shares during the period. BNP Paribas Financial Markets lifted its position in CPI Card Group by 182.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 5,281 shares of the company’s stock worth $147,000 after acquiring an additional 3,414 shares in the last quarter. Rhumbline Advisers boosted its holdings in CPI Card Group by 32.8% in the 2nd quarter. Rhumbline Advisers now owns 6,302 shares of the company’s stock worth $172,000 after acquiring an additional 1,555 shares during the period. Barclays PLC raised its stake in shares of CPI Card Group by 251.2% during the third quarter. Barclays PLC now owns 7,330 shares of the company’s stock valued at $205,000 after purchasing an additional 5,243 shares during the period. Finally, Allspring Global Investments Holdings LLC purchased a new stake in shares of CPI Card Group during the third quarter valued at approximately $205,000. Hedge funds and other institutional investors own 22.08% of the company’s stock.

Analyst Ratings Changes

PMTS has been the subject of several analyst reports. Lake Street Capital upped their target price on CPI Card Group from $22.00 to $33.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th. DA Davidson started coverage on shares of CPI Card Group in a research report on Friday, November 22nd. They issued a “buy” rating and a $36.00 target price on the stock. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $36.33.

About CPI Card Group

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.