Key Points
- Chairman H Sanford Riley bought 6,500 shares of CPI Card Group at $16.00 each, a $104,000 purchase that increased his stake by 2.56% to 259,938 shares.
- CPI Card Group shares were trading around $15.91, near the company’s 50-day average of $16.05, with a market cap of $182.58 million.
- The company recently beat quarterly expectations, reporting EPS of $0.38 versus $0.32 expected and revenue of $147.11 million versus $134.69 million, while analysts maintain a Moderate Buy consensus target of $27.50.
CPI Card Group Inc. (NASDAQ:PMTS - Get Free Report) Chairman H Sanford Riley bought 6,500 shares of the company's stock in a transaction on Tuesday, May 19th. The shares were bought at an average cost of $16.00 per share, for a total transaction of $104,000.00. Following the transaction, the chairman owned 259,938 shares in the company, valued at $4,159,008. The trade was a 2.56% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link.
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 shares were bought at an average cost of $16.00 per share, for a total transaction of $86,400.00.
CPI Card Group Trading Down 0.8%
NASDAQ:PMTS opened at $15.91 on Friday. The company has a market cap of $182.58 million, a PE ratio of 15.60 and a beta of 1.10. CPI Card Group Inc. has a twelve month low of $10.81 and a twelve month high of $25.50. The company's 50 day moving average is $16.05 and its two-hundred day moving average is $14.66.
CPI Card Group (NASDAQ:PMTS - Get Free Report) last released its 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 company had revenue of $147.11 million for the quarter, compared to the consensus estimate of $134.69 million. CPI Card Group had a net margin of 2.15% and a negative return on equity of 92.16%. As a group, analysts expect that CPI Card Group Inc. will post 1.89 EPS for the current fiscal year.
Analysts Set New Price Targets
PMTS has been the topic of several recent research reports. Roth Mkm reaffirmed a "buy" rating and issued a $25.00 price objective on shares of CPI Card Group in a report on Tuesday, May 5th. Wall Street Zen downgraded shares of CPI Card Group from a "strong-buy" rating to a "buy" rating in a report on Saturday, May 9th. DA Davidson reaffirmed a "buy" rating and issued a $30.00 price objective on shares of CPI Card Group in a report on Wednesday, March 11th. Lake Street Capital reaffirmed a "buy" rating and issued a $27.00 price objective on shares of CPI Card Group in a report on Wednesday, May 6th. Finally, Weiss Ratings downgraded shares of CPI Card Group from a "hold (c-)" rating to a "sell (d+)" rating in a report on Monday. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $27.50.
Read Our Latest Stock Analysis on CPI Card Group
Institutional Trading of CPI Card Group
Hedge funds have recently added to or reduced their stakes in the company. Pacific Ridge Capital Partners LLC boosted its holdings in CPI Card Group by 75.0% during the third quarter. Pacific Ridge Capital Partners LLC now owns 391,325 shares of the company's stock worth $5,925,000 after buying an additional 167,764 shares in the last quarter. IFP Advisors Inc boosted its holdings in CPI Card Group by 37.0% during the third quarter. IFP Advisors Inc now owns 5,949 shares of the company's stock worth $91,000 after buying an additional 1,607 shares in the last quarter. GSA Capital Partners LLP boosted its holdings in CPI Card Group by 16.3% during the third quarter. GSA Capital Partners LLP now owns 19,843 shares of the company's stock worth $300,000 after buying an additional 2,783 shares in the last quarter. SummerHaven Investment Management LLC purchased a new position in CPI Card Group during the third quarter valued at $564,000. Finally, Jane Street Group LLC purchased a new position in CPI Card Group during the first quarter valued at $223,000. 22.08% of the stock is owned by hedge funds and other institutional investors.
CPI Card Group Company Profile
(
Get Free Report)
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.
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