Ancora Advisors LLC Invests $1.62 Million in CPI Card Group Inc. (NASDAQ:PMTS)

Ancora Advisors LLC bought a new stake in shares of CPI Card Group Inc. (NASDAQ:PMTS - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 54,045 shares of the company's stock, valued at approximately $1,615,000. Ancora Advisors LLC owned 0.48% of CPI Card Group as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in PMTS. Jane Street Group LLC bought a new position in CPI Card Group in the third quarter worth about $305,000. Barclays PLC lifted its stake in shares of CPI Card Group by 251.2% in the 3rd 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. Geode Capital Management LLC boosted its position in shares of CPI Card Group by 2.7% during the third quarter. Geode Capital Management LLC now owns 108,629 shares of the company's stock valued at $3,024,000 after purchasing an additional 2,828 shares in the last quarter. Ritholtz Wealth Management grew its stake in CPI Card Group by 16.9% in the fourth quarter. Ritholtz Wealth Management now owns 18,840 shares of the company's stock worth $563,000 after purchasing an additional 2,723 shares during the period. Finally, SG Americas Securities LLC bought a new position in CPI Card Group in the fourth quarter worth $104,000. Institutional investors own 22.08% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on PMTS shares. Lake Street Capital reduced their target price on shares of CPI Card Group from $37.00 to $35.00 and set a "buy" rating on the stock in a research report on Thursday. StockNews.com cut shares of CPI Card Group from a "strong-buy" rating to a "buy" rating in a report on Friday. 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 report on Wednesday, March 5th. Roth Mkm restated a "buy" rating and issued a $40.00 price target on shares of CPI Card Group in a research note on Wednesday, March 5th. Finally, B. Riley boosted their target price on CPI Card Group from $33.00 to $34.00 and gave the stock a "buy" rating in a report on Wednesday, March 5th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $36.75.

CPI Card Group Stock Performance

Shares of NASDAQ:PMTS traded down $0.77 during midday trading on Friday, reaching $21.28. 56,310 shares of the company's stock traded hands, compared to its average volume of 34,325. CPI Card Group Inc. has a one year low of $18.46 and a one year high of $35.19. The stock has a 50 day moving average of $26.60 and a 200 day moving average of $28.65. The company has a market cap of $239.72 million, a price-to-earnings ratio of 16.24 and a beta of 1.77.

CPI Card Group (NASDAQ:PMTS - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.40 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.56 by ($0.16). CPI Card Group had a net margin of 3.38% and a negative return on equity of 46.90%. The company had revenue of $122.76 million for the quarter, compared to analysts' expectations of $120.90 million. Sell-side analysts predict that CPI Card Group Inc. will post 1.63 EPS for the current fiscal 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.