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 CPI Card Group stock in a transaction on Monday, December 2nd. The stock was bought at an average cost of $32.51 per share, for a total transaction of $65,020.00. Following the transaction, the director now directly owns 9,500 shares in the company, valued at $308,845. This represents a 26.67 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

CPI Card Group Stock Performance

CPI Card Group stock traded up $1.70 during midday trading on Tuesday, hitting $33.73. 46,188 shares of the company’s stock were exchanged, compared to its average volume of 29,828. The stock has a market cap of $376.43 million, a price-to-earnings ratio of 25.75 and a beta of 1.39. CPI Card Group Inc. has a 12-month low of $15.00 and a 12-month high of $33.87. The firm’s 50 day simple moving average is $25.90 and its 200 day simple moving average is $26.80.

Institutional Investors Weigh In On CPI Card Group

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of CPI Card Group by 3.1% during the 1st quarter. Vanguard Group Inc. now owns 340,945 shares of the company’s stock worth $6,089,000 after buying an additional 10,265 shares in the last quarter. Linden Thomas Advisory Services LLC grew its holdings in shares of CPI Card Group by 10.2% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 24,653 shares of the company’s stock worth $672,000 after acquiring an additional 2,283 shares during the period. Bank of New York Mellon Corp increased its position in shares of CPI Card Group by 7.6% in the second quarter. Bank of New York Mellon Corp now owns 44,773 shares of the company’s stock valued at $1,220,000 after buying an additional 3,158 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of CPI Card Group by 32.8% in the second quarter. Rhumbline Advisers now owns 6,302 shares of the company’s stock valued at $172,000 after purchasing an additional 1,555 shares in the last quarter. Finally, Privium Fund Management UK Ltd acquired a new stake in CPI Card Group during the 2nd quarter valued at $257,000. Hedge funds and other institutional investors own 22.08% of the company’s stock.

Wall Street Analyst Weigh In

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