54,045 Shares in CPI Card Group Inc. (NASDAQ:PMTS) Purchased by Ancora Advisors LLC

Ancora Advisors LLC acquired a new position in shares of CPI Card Group Inc. (NASDAQ:PMTS - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 54,045 shares of the company's stock, valued at approximately $1,615,000. Ancora Advisors LLC owned about 0.48% of CPI Card Group as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. grew its stake in shares of CPI Card Group by 1,635.8% during the 4th quarter. Russell Investments Group Ltd. now owns 1,649 shares of the company's stock valued at $49,000 after buying an additional 1,554 shares during the period. Wells Fargo & Company MN raised its holdings in CPI Card Group by 44.9% in the fourth quarter. Wells Fargo & Company MN now owns 2,503 shares of the company's stock valued at $75,000 after acquiring an additional 776 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in CPI Card Group by 355.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,665 shares of the company's stock worth $80,000 after purchasing an additional 2,080 shares in the last quarter. IFP Advisors Inc increased its holdings in shares of 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 during the last quarter. Finally, SG Americas Securities LLC bought a new position in CPI Card Group in the fourth quarter worth about $104,000. Institutional investors and hedge funds own 22.08% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on PMTS shares. Roth Mkm reissued a "buy" rating and issued a $40.00 price target on shares of CPI Card Group in a research note on Wednesday, March 5th. B. Riley upped their price objective on shares of CPI Card Group from $33.00 to $34.00 and gave the company a "buy" rating in a research note on Wednesday, March 5th. DA Davidson upped their price target on CPI Card Group from $36.00 to $38.00 and gave the company a "buy" rating in a research report on Wednesday, March 5th. Finally, Lake Street Capital decreased their target price on shares of CPI Card Group from $37.00 to $35.00 and set a "buy" rating for the company in a research note on Thursday. Four investment 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 company presently has an average rating of "Buy" and an average target price of $36.75.

CPI Card Group Price Performance

Shares of CPI Card Group stock traded down $0.77 during trading on Friday, hitting $21.28. 56,310 shares of the company were exchanged, compared to its average volume of 34,585. The firm's fifty day moving average price is $26.77 and its 200 day moving average price is $28.63. The firm has a market capitalization of $239.72 million, a P/E ratio of 16.24 and a beta of 1.77. CPI Card Group Inc. has a 1-year low of $18.46 and a 1-year high of $35.19.

CPI Card Group (NASDAQ:PMTS - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.16). The company had revenue of $122.76 million for the quarter, compared to the consensus estimate of $120.90 million. CPI Card Group had a negative return on equity of 46.90% and a net margin of 3.38%. As a group, equities research analysts anticipate that CPI Card Group Inc. will post 1.63 earnings per share for the current year.

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.