Crown Advisors Management Inc. Makes New Investment 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. purchased a new position in shares of 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 SEC. The fund purchased 41,000 shares of the company's stock, valued at approximately $1,195,000. Crown Advisors Management Inc. owned approximately 0.36% of CPI Card Group as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of PMTS. US Bancorp DE acquired a new position in shares of CPI Card Group during the 1st quarter worth $33,000. Russell Investments Group Ltd. grew its position in 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 worth $49,000 after acquiring an additional 1,554 shares during the last quarter. Wells Fargo & Company MN grew its position in CPI Card Group by 44.9% during the 4th quarter. Wells Fargo & Company MN now owns 2,503 shares of the company's stock worth $75,000 after acquiring an additional 776 shares during the last quarter. Tower Research Capital LLC TRC grew its position in CPI Card Group by 355.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,665 shares of the company's stock worth $80,000 after acquiring an additional 2,080 shares during the last quarter. Finally, Virtus Investment Advisers Inc. bought a new stake in CPI Card Group during the 4th quarter worth $84,000. Institutional investors and hedge funds own 22.08% of the company's stock.

Insider Activity at CPI Card Group

In other CPI Card Group news, Chairman H Sanford Riley bought 10,000 shares of the business's stock in a transaction that occurred on Tuesday, August 12th. The shares were bought at an average price of $15.75 per share, for a total transaction of $157,500.00. Following the transaction, the chairman directly owned 31,033 shares in the company, valued at approximately $488,769.75. This trade represents a 47.54% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on PMTS shares. Lake Street Capital reduced their price objective on CPI Card Group from $35.00 to $30.00 and set a "buy" rating on the stock in a research report on Monday, August 11th. Wall Street Zen lowered CPI Card Group from a "buy" rating to a "hold" rating in a research report on Saturday. DA Davidson reduced their price objective on CPI Card Group from $38.00 to $32.00 and set a "buy" rating on the stock in a research report on Tuesday, August 12th. Finally, Zacks Research upgraded CPI Card Group to a "hold" rating in a research report on Monday, August 11th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $34.00.

CPI Card Group Stock Down 0.7%

Shares of NASDAQ PMTS traded down $0.11 during trading on Friday, reaching $15.61. The company had a trading volume of 82,098 shares, compared to its average volume of 78,805. The company's fifty day moving average price is $21.16 and its 200-day moving average price is $24.61. CPI Card Group Inc. has a 12 month low of $12.52 and a 12 month high of $35.19. The stock has a market cap of $177.02 million, a P/E ratio of 13.94 and a beta of 1.31.

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

CPI Card Group Profile

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.