Crown Advisors Management Inc. Buys New Holdings in CPI Card Group Inc. (NASDAQ:PMTS)

Key Points

• Crown Advisors Management Inc. has acquired 41,000 shares of CPI Card Group Inc. for approximately $1.2 million, representing about 0.36% of the company's stock as of their latest SEC filing.
• Several institutional investors have increased their positions in CPI Card Group, with Wasatch Advisors LP investing $10.2 million and Vector Capital Management raising its stake by 38.4% during the fourth quarter.
• CPI Card Group's stock received a consensus rating of "Buy" from analysts, despite recent quarterly earnings that missed expectations, reporting an EPS of $0.04 against a consensus of $0.56.

Crown Advisors Management Inc. acquired a new stake in CPI Card Group Inc. (NASDAQ:PMTS - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 41,000 shares of the company's stock, valued at approximately $1,195,000. Crown Advisors Management Inc. owned 0.36% of CPI Card Group at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of PMTS. Wasatch Advisors LP acquired a new position in CPI Card Group in the fourth quarter valued at about $10,175,000. Vector Capital Management L.P. lifted its position in CPI Card Group by 38.4% in the fourth quarter. Vector Capital Management L.P. now owns 360,318 shares of the company's stock valued at $10,770,000 after buying an additional 100,000 shares during the last quarter. Nuveen LLC acquired a new position in CPI Card Group in the first quarter valued at about $1,685,000. Manatuck Hill Partners LLC acquired a new position in CPI Card Group in the fourth quarter valued at about $1,644,000. Finally, Ancora Advisors LLC acquired a new position in CPI Card Group in the fourth quarter valued at about $1,615,000. Hedge funds and other institutional investors own 22.08% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Wall Street Zen raised shares of CPI Card Group from a "hold" rating to a "buy" rating in a research report on Friday, July 18th. DA Davidson decreased their target price on shares of CPI Card Group from $38.00 to $32.00 and set a "buy" rating on the stock in a research report on Tuesday. Finally, Lake Street Capital decreased their target price on shares of CPI Card Group from $35.00 to $30.00 and set a "buy" rating on the stock in a research report on Monday. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $34.00.

Insider Activity

In other CPI Card Group news, Chairman H Sanford Riley purchased 10,000 shares of CPI Card Group stock in a transaction dated Tuesday, August 12th. The shares were acquired at an average price of $15.75 per share, with a total value of $157,500.00. Following the completion of the transaction, the chairman owned 31,033 shares of the company's stock, valued at $488,769.75. This trade represents a 47.54% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 2.80% of the company's stock.

CPI Card Group Stock Performance

Shares of PMTS traded down $0.38 during mid-day trading on Thursday, hitting $15.72. 87,455 shares of the company's stock were exchanged, compared to its average volume of 77,158. The company has a market cap of $178.26 million, a price-to-earnings ratio of 14.04 and a beta of 1.31. CPI Card Group Inc. has a fifty-two week low of $12.52 and a fifty-two week high of $35.19. The stock's 50-day moving average is $21.28 and its 200-day moving average is $24.72.

CPI Card Group (NASDAQ:PMTS - Get Free Report) last issued its quarterly earnings results on Friday, August 8th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.52). The business had revenue of $129.75 million for the quarter, compared to analyst estimates of $132.96 million. CPI Card Group had a negative return on equity of 58.00% and a net margin of 2.66%. As a group, equities research analysts anticipate that CPI Card Group Inc. will post 1.63 EPS 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.